Q4 2024 Grupo Bimbo SAB de CV Earnings Call Transcript

Feb 27, 2025 / 11:00 PM GMT

Release Date Price: MXN54.51 (-4.90%)

Transcript

Key Points

Positve

Grupo Bimbo SAB de CV (BMBOY) achieved record top-line growth in 2024, driven by strong performance in Mexico and the EAA regions.
The company completed five strategic acquisitions in profitable and growing markets like Eastern Europe and North Africa, enhancing its global profile.
Grupo Bimbo SAB de CV (BMBOY) reached 97% renewable electricity globally, with 100% renewable electricity in 28 out of 35 operating countries.
The company was recognized for its commitment to global nutrition and health, ranking 4th among food companies evaluated by the Access to Nutrition Initiative.
Sales in Latin America increased by 13.8%, with strong growth in countries like Argentina, Paraguay, El Salvador, and Panama.

Negative

In North America, the topline declined by 5.7% due to a weak consumption environment and strategic exit from certain non-branded businesses.
The adjusted margin in North America contracted by 390 basis points, primarily due to strategic investments and one-time charges related to bakery closures.
Grupo Bimbo SAB de CV (BMBOY) faced a challenging consumer environment in North America, with prolonged inflationary pressures affecting consumption.
The company is still awaiting regulatory approvals for acquisitions in Brazil and the Balkans, which could delay expansion plans.
Grupo Bimbo SAB de CV (BMBOY) anticipates a challenging first half of 2025 due to ongoing investments in North America and a strained consumer environment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BIMBOA.MX - Grupo Bimbo SAB de CV
Q4 2024 Grupo Bimbo SAB de CV Earnings Call
Feb 27, 2025 / 11:00PM GMT

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Good day and welcome to the Groupobimbo 4th quarter 2024 results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touchstone

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