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RSS FeedsGrupo Bimbo reports 1Q17 results
(WorldNews Mexico)

 
 

27 april 2017 01:49:34

 
Grupo Bimbo reports 1Q17 results
(WorldNews Mexico)
 


GRUPO BIMBO REPORTS 1Q17 RESULTS MEXICO CITY, APRIL, 26, 2017 Grupo Bimbo, S.A.B. de C.V. ("Grupo Bimbo" or "the Company") (BMV: BIMBO) today reported its results for the three months ended March 31, 2017.1 1Q17 HIGHLIGHTS Net sales increased 16.5% primarily reflecting FX rate benefit, solid organic growth in Mexico and the acquisition of Donuts Iberia in Europe Gross profit rose 16.5%, while the margin remained flat at 53.7% Adjusted EBITDA2 margin contracted 120 basis points, primarily due to higher integration and restructuring expenses in North America, Iberia and Argentina Net majority margin contracted 100 basis points, as a result of a higher effective tax rate, in...


 
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