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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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