Becle, S.a.b. De C.v.BMV: CUERVO

CUERVO: Gross and EBITDA margins expanded despite lower sales, with strong cash flow and reduced leverage

· Issued by Becle, S.a.b. De C.v.

FY24 net sales declined 0.9% and net income fell 16.3% due to FX losses, but gross and EBITDA margins expanded on lower input costs. Strong cash generation enabled deleveraging and a dividend, while management guides for modest growth in 2025.

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