Mexico City / MX. (gb) Grupo Bimbo S.A.B. de C.V. reported its results for the three months ended September 30, 2018. «We delivered strong third quarter results. We continue to transform our Company to be highly competitive, productive and sustainable in the long-term», said Daniel Servitje, Chairman and CEO. «We are proud to have reached our target leverage ratio before year end, reflecting strong profitability performance», added Diego Gaxiola, CFO. Highlights:
- Net sales rose 10.7 percent, primarily on the back of good performance in Mexico and North America, acquisitions completed during the last twelve months and, to a lesser extent, FX rate benefit
- Adjusted Ebitda, which excludes non-cash charges for the organizational restructuring initiatives implemented in Canada and the U.S., increased 16.9 percent, while the margin expanded 60 basis points
- Net majority income increased 6.1 percent, while the margin slightly contracted 10 basis points
- The Company reached its year-end Total Debt / Adjusted Ebitda ratio target, which stood at 2.9 times
For additional information please read Grupo Bimbo’s PDF file below (582 KB).
20181030-BIMBO-Q3-2018.
