Grupo Bimbo Reports Results for 3Q18
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.
Grupo Bimbo
Mexico City
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.
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.
Net majority income increased 6.1%, while the margin slightly contracted 10 basis points.
The Company reached its year-end Total Debt / Adj. EBITDA ratio target, which stood at 2.9 times.
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