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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Alsea, S.A.B. de C.V.    ALSEA *   MXP001391012

ALSEA, S.A.B. DE C.V.

(ALSEA *)
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Alsea de CV : ANNOUNCES CHANGES IN ITS MANAGEMENT TEAM

03/13/2019 | 08:49pm EST

ALSEA ANNOUNCES CHANGES IN ITS

MANAGEMENT TEAM

Mexico City, March 13, 2019 - Alsea, SAB de C.V. (BMV: ALSEA *) the leading operator of Quick Service Restaurants, Coffee Shops, and Casual Dining establishments in Latin America and Spain, informs that, pursuing his personal interests, Renzo Casillo has taken the decision to stop acting as the Company's Chief Executive Officer effective from Friday, March 15, 2019. Alsea thanks Renzo for his valuable contribution during the last two and a half years and wishes him success in his new projects.

Additionally, the Company informs that Alberto Torrado will assume the role of Executive President of Alsea as of Monday, March 18, 2019.

Disclaimer

This press release contains certain forward-looking statements that reflect the current views and/or expectations of Alsea and its management with respect to its performance, business and future events. We use words such as "believe", "anticipate", "plan", "expect", "intend", "target", "estimate", "project", "predict", "forecast", "guideline", "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Alsea is under no obligation and expressly disclaims any intention or obligation to update or revised any forward-looking statements, whether as a result of new information, future events or otherwise.

About Alsea

Alsea is the leading restaurant operator in Latin America and Spain of global brands in the quick service, coffee shop, casual, fast casual and family dining segments. It has a diversified portfolio, with brands such as Domino's Pizza, Starbucks, Burger King, Chili's, California Pizza Kitchen, P.F. Chang's, Italianni's,

The Cheesecake Factory, Vips, Vips Smart, El Portón, Archie's, Foster's Hollywood, LAVACA, Cañas y Tapas, Gino's, TGI Fridays, and wagamama. The company operates more than 4,000 units and has more than 85,000 employees in Mexico, Spain, Argentina, Colombia, Chile, France, Portugal, Uruguay, Brazil and Andorra. Alsea's business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain.

For more information, visit: www.alsea.com.mx

Its shares are traded on the Mexican Stock Exchange under the ticker symbol ALSEA*

Salvador Villaseñor Barragán

Investor Relations

Telephone: (5255) 7583-2000 ri@alsea.com.mx

Disclaimer

Alsea SAB de CV published this content on 13 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 March 2019 01:48:02 UTC


© Publicnow 2019
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Financials
Sales 2020 39 862 M 1 990 M 1 990 M
Net income 2020 -3 808 M -190 M -190 M
Net Debt 2020 52 841 M 2 637 M 2 637 M
P/E ratio 2020 -5,02x
Yield 2020 0,00%
Capitalization 22 802 M 1 138 M 1 138 M
EV / Sales 2020 1,90x
EV / Sales 2021 1,43x
Nbr of Employees 66 006
Free-Float 65,4%
Chart ALSEA, S.A.B. DE C.V.
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Technical analysis trends ALSEA, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 26,69 MXN
Last Close Price 27,31 MXN
Spread / Highest target 46,5%
Spread / Average Target -2,28%
Spread / Lowest Target -45,1%
EPS Revisions
Managers
NameTitle
Alberto Torrado Martínez Chairman & Chief Executive Officer
Rafael Contreras Grosskelwing Chief Financial Officer
Salvador Aponte Escalante Director-Information Technology
Xavier Mangino Dueñas Secretary & Director
Armando Torrado Martínez Director
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