Mexico’s Bimbo lifts lower end of full-year EBITDA outlook
13 Articles
13 Articles
Grupo Bimbo reported this Thursday that its adjusted operating cash flow (EBITDA) increased 5.5% to 16.644 billion pesos, primarily reflecting strong sales performance and the benefits of ongoing productivity and cost discipline initiatives. In its financial report, the company stated that excluding the exchange rate effect, EBITDA increased by 9.3% in the third quarter. Total revenues reached 106.061 billion pesos in the period, 1.3% lower than…
Mexico’s Bimbo lifts lower end of full-year EBITDA outlook
MEXICO CITY, Oct 22 (Reuters) - Mexico's Grupo Bimbo, among the world's top distributors of baked goods, on Thursday raised the lower end of its adjusted EBITDA margin expansion guidance for the year. • The company raised the lower end of its adjus...
The bakery generated approximately 17 billion pesos in free cash flow between January and September of this year, after investing nearly 12 billion pesos in capital expenditures. The article "Grupo Bimbo postpones projects to 2027 and does not rule out new acquisitions" first appeared on EL CEO.
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