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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Grupo Bimbo, S.A.B. de C.V.    BIMBO A   MXP495211262

GRUPO BIMBO, S.A.B. DE C.V.

(BIMBO A)
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Grupo Bimbo B de C : Prepays Us$400 Million Of Its Committed Revolving Credit Facility

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06/18/2020 | 10:37am EDT

GRUPO BIMBO

PREPAYS US$400 MILLION OF ITS COMMITTED REVOLVING

CREDIT FACILITY

MEXICO CITY, JUNE 18, 2020

Grupo Bimbo S.A.B. de C.V. ("Grupo Bimbo" or the "Company") prepaid US$400 million of its committed revolving credit facility, maturing on October 7th, 2023.

On March 25, 2020 the Company announced the disposal of US$720 million of its committed revolving credit facility, from which US$200 million will be used to refinance the 2020 notes maturing in June, while the balance was aimed at increasing liquidity, prioritizing flexibility and financial strength as a preventive measure due to the uncertain environment. However, due to the strong results and solid cash flow generation, coupled with a less uncertain environment, Grupo Bimbo decided to prepay US$400 million of its outstanding debt.

With this, Grupo Bimbo currently has approximately US$1.7 billion available in its credit facility.

ABOUT GRUPO BIMBO

Grupo Bimbo is the largest and leading baking Company in the world and a relevant participant in snacks. Grupo Bimbo has 197 plants and more than 1,700 sales centers strategically located in 33 countries throughout the Americas, Europe, Asia and Africa. Its main product lines include fresh and frozen sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks and confectionery products, among others. Grupo Bimbo produces over 13,000 products and has one of the largest direct distribution networks in the world, with more than 2.9 million points of sale, around 57,000 routes and more than 134,000 associates. Its shares trade on the Mexican Stock Exchange (BMV) under the ticker symbol BIMBO, and in the over-the-counter market in the United States with a Level 1 ADR, under the ticker symbol BMBOY.

INVESTOR RELATIONS CONTACT www.grupobimbo.com

ir@grupobimbo.com(5255) 5268 6830

Disclaimer

Grupo Bimbo SAB de CV published this content on 18 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2020 14:36:01 UTC


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Financials
Sales 2020 329 B 15 631 M 15 631 M
Net income 2020 8 018 M 380 M 380 M
Net Debt 2020 107 B 5 054 M 5 054 M
P/E ratio 2020 22,4x
Yield 2020 1,33%
Capitalization 188 B 8 875 M 8 904 M
EV / Sales 2020 0,89x
EV / Sales 2021 0,87x
Nbr of Employees 134 458
Free-Float 30,5%
Chart GRUPO BIMBO, S.A.B. DE C.V.
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Technical analysis trends GRUPO BIMBO, S.A.B. DE C.V.
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 43,51 MXN
Last Close Price 41,42 MXN
Spread / Highest target 23,1%
Spread / Average Target 5,04%
Spread / Lowest Target -16,5%
EPS Revisions
Managers
NameTitle
Daniel Javier Servitje Montull Chairman & Chief Executive Officer
Jorge Zárate Vice President-Global Operations
Diego Gaxiola Cuevas Global Vice President-Administration & Finance
Mauricio Jorba Servitje Director
José Ignacio Mariscal Torroella Director
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