Grupo Bimbo SAB de CV (MEX:BIMBOA)
MXN 54.83 -0.16 (-0.29%) Market Cap: 237.28 Bil Enterprise Value: 410.30 Bil PE Ratio: 18.96 PB Ratio: 1.90 GF Score: 81/100
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Q2 2023 Grupo Bimbo SAB de CV Earnings Call Transcript

Jul 25, 2023 / 11:00PM GMT
Release Date Price: MXN87.87 (+1.17%)
Operator

Good day, and welcome to the Grupo Bimbo Second Quarter 2023 Results Conference Call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Daniel Servitje, Chief Executive Officer. Please go ahead, sir.

Daniel Javier Servitje Montull
Grupo Bimbo, S.A.B. de C.V. - Chairman & CEO

Thank you very much. Good afternoon, everyone, and thank you for joining us. Connected on the line today is our CFO, Diego Gaxiola; our COO, Rafael Pamias; Mark Bendix, Executive Vice President; and several members of our finance team. I'm very proud of the remarkable results of the quarter. Despite the FX rate effect and a highly inflationary environment, we reached record levels of sales and EBITDA growing more than 4% and nearly 8%, respectively.

Excluding FX effect, net sales grew at a double-digit rates while the adjusted EBITDA margin expanded 50 basis points. Bimbo QSR and Bimbo Brazil organizations outperformed, and we saw strong sales growth and EBITDA margin expansion in all 4 regions, even considering

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