Grupo Bimbo, S.A.B. de C.V. (BMBOY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to the first quarter 25 Group by BIMBO results and conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star, then two. Please note this event is being recorded. I will now like to hand the conference over to Rafael Palmeas, CEO of Grupo Bimbo. Please go ahead. Good afternoon, everyone. Thank you for joining us. Connected on the line today are our CFO, Diego Bajuela, Executive Vice President, Mark Bendix, along with several members of our finance team. We kicked off 2025 with solid trends in most markets and facing some challenges and areas of opportunity in others. while navigating highly volatile macroeconomic and political landscapes in the world's leading economies. Despite these hurdles, our exceptional diversification and global presence enable us to achieve record-breaking sales in the first quarter at a consolidated level and for Mexico and EAA as well, which led to positive volume contribution on a global basis. Furthermore, we experience a high single-digit growth in EBITDA, and in our most profitable region, Mexico, we reached a 19% EBITDA margin, showcasing the remarkable strength and unwavering commitment of our frontline teams. We're also pleased to report that the continued positive evolution in Latin America led us to achieve a 50 basis point increase in EBITDA. As a baking industry leader and relevant player in snacks, our continued success is built on innovation, operational excellence, and our commitment to meet customers' and consu...