Mittwoch, 3. März 2021
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Global Industry: Grupo Bimbo reports Q1/2016 results

Hamburg. (bm) Grupo Bimbo reported its first quarter 2016 financial results. Net sales rose 13.2 percent reflecting FX rate benefit and solid organic growth in Mexico and Latin America. Gross margin expansion of 110 basis points was driven by lower raw material costs in most regions. Operating income increased a significant 50.6 percent, with a 170 basis point expansion in the margin, due to lower restructuring expenses and a disposal of assets. Adjusted Ebitda rose 35 percent, reflecting productivity efficiencies in Mexico and a 230 basis point margin expansion in North America. Net majority income grew 57.6 percent, with a 70 basis point expansion in the margin. Other topics of the week: