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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Source: Grupo Bimbo