Grupo Bimbo Reports Results for 3Q18

Grupo Bimbo Reports Results for 3Q18

We delivered strong third quarter results. We continue to transform our Company to be highly competitive, productive and sustainable in the long-term.

Daniel Servitje, Chairman and CEO

HIGHLIGHTS OF THE QUARTER

  • Net sales rose 10.7%, 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.
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  • Adjusted EBITDA, which excludes non- cash charges for the organizational restructuring initiatives implemented in Canada and the U.S., increased 16.9%, while the margin expanded 60 basis points.
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  • Net majority income increased 6.1%, while the margin slightly contracted 10 basis points.
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  • The Company reached its year-end Total Debt / Adj. EBITDA ratio target, which stood at 2.9 times.

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