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Company Summary For Grupo Bimbo - OS
Company Summary For Grupo Bimbo - OS
Business Description
Grupo Bimbo SAB de CV is a Mexico-based multinational baking company. Its activities include the production, distribution and sale of a variety of bakery products, such as bread, rolls, cookies,
biscuits, cakes, sweets, chocolates, snacks and tortillas, as well as processed food. The Company’s products are marketed under the Bimbo, Lara, Barcel, Marinela, Ricolino, Coronado, Suandy,
Tia Rosa, Clever, Chocolates La Corona, El Globo, Lonchibon, Milpa Real and Del Hogar brands, among others. Through its subsidiaries and affiliates, the Company has presence in North, Central
and South America, and Asia. The Company’s facilities comprise 39 production centers in Mexico; 19 production plants located in 13 Latin American countries; 34 banking plants established in
the United States, and a baking plant operating in Beijing, China. In June 2010, the Company acquired Dulces Vero. For the six months ended 30 June 2010, Grupo Bimbo S.A.B. de C.V.'s total
revenue increased by less than 1% to PS57.07B. Net income for the period increased 2% to PS2.52B. Total revenue reflects an increase in demand for the Company's products and services on
the domestic market. Net income for the period benefited from higher interest income as well as from significantly lower other expenses and improved gross margin.
Source: Reuters
Industry
Key Executives
Significant Developments
Mergers / Acquisitions 2 Grupo Bimbo C.A. de C.V. To Acquire Mexican Candy Maker Dulces Vero-DJ 23-Jun-2010
Debt Financing / Related 1 Grupo Bimbo CA de CV Announces Issuance of Senior Notes 24-Jun-2010
Debt Ratings 4 Standard & Poor's Confirms Its Corporate Credit Ratings on Grupo Bimbo CA de CV 11-Jun-2010
* number of significant developments within the last 12 months
News
Title Date
Bimbo claims new packaging cuts degrade time by 95 years.
16-Aug-2010
Plastics News (372 Words)
Fitch Assigns Grupo Bimbo an IDR of 'BBB'; Outlook Positive
11-Jun-2010
Business Wire (1069 Words)
Q1 2010 Grupo Bimbo, S.A.B. de C.V. Earnings Conference Call - Final
7-Jun-2010
FD (Fair Disclosure) Wire (4359 Words)
QOA Changes EPS Estimate of GRUPO BIMBO SAB DE CV
26-Nov-2009
Nelson Information - Daily (70 Words)
GRUPO BIMBO SAB DE CV Consensus Recommendation: HOLD
27-Oct-2009
Nelson Information - Daily (40 Words)
Financial Summary
As of 30-Jun-2010
Source: Reuters
Stock Snapshot
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Company Summary for Grupo Bimbo S.A.B. de C.V. - Print Ready http://globalbb.onesource.com.libproxy1.nus.edu.sg/web/Reports/Repo...
Source: Reuters
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