GRUPO BIMBO: Grupo Bimbo Reports Results for 2Q18

Grupo Bimbo issued the following announcement on July 25.

HIGHLIGHTS OF THE QUARTER

Net sales increased 11.2% on the back of strong volumes in Mexico, acquisitions completed during the last twelve months and, to a lesser extent, FX rate benefit.

Adjusted EBITDA, excluding the non-cash Voluntary Separation Program charge, increased 10%, benefited by Mexico, Latin America and EAA.

Adjusted net majority income increased 25.6%, mainly due to the strong operating performance and a lower effective tax rate.

The total debt/adjusted EBITDA ratio improved to 3.2 times from 3.5 times at December 31, 2017.

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Original source can be found here.

Source: Grupo Bimbo

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