Q4 2023 Grupo Bimbo SAB de CV Earnings Call Transcript
Good afternoon, and welcome to the Grupo Bimbo Fourth Quarter and Full Year 2023 Results Conference Call. All participants will be in listen only mode. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Daniel Servitje. Please go ahead.
Good afternoon, everyone. Thank you for joining us. Connected on the line today is our CFO, Diego Gaxiola; our COO; Rafael Pamias; and Mark Bendix, Executive Vice President for North America and several members of our finance team. 2023 was a great year with historic financial performance. We reached $22.5 billion in net sales and $3.1 billion in adjusted EBITDA, and we posted a 5% and 9% 10-year compounded annual growth rates, respectively. We made record CapEx investments of $2 billion, grew our brands through innovation and replication initiatives, strengthened our revenue growth management capabilities, completed 6 acquisitions, issued $1.8 billion, including our first sustainability
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