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Global Industry: Grupo Bimbo Reports H1-2016 Results

Hamburg. (bm) Mexico’s Grupo Bimbo reported its results for the six months ended June 30, 2016. Net sales rose 13.4 percent due to an FX rate benefit in North America and Europe and solid organic growth in Mexico. Operating income increased 32.8 percent, with a 100 basis point expansion in the margin. Adjusted Ebitda margin expanded 110 basis points, reflecting margin improvement in most regions. Net majority income grew 22.7 percent, with a 20 basis point expansion in the margin. Other topics of the week: