Title:

Grupo Bimbo, S.A. de C.V Q4 2007 Earnings Conference Call Transcript

Price:$54.00
Publication Date:Feb 20, 2008
Source:Thomson StreetEvents
Company:Grupo Bimbo, S.A. de C.V
Report Type:Transcript
Abstract:Final Transcript of BIMBOA.MX earnings conference call or presentation, 20-Feb-08 11:00am ET
Brief Excerpt:... - Grupo Bimbo - CFO and CAO Thank you. Good morning. Thanks for joining. Daniel Servitje is traveling this week, so I'll take you through the highlights for the quarter and answer any questions you may have at the end. First, I'll start by saying that it was a good quarter in terms of top-line growth and sales figures for the year as a whole were healthy, outpacing by much GDP in each of our markets. This reflects both higher volumes and higher prices, as I will discuss in more detail shortly. Despite this strong performance, there were a number of factors that impacted our margins this quarter. The first and most important was what we anticipated, a very tough raw materials environment, particularly in wheat flour, dairy and oils. This is a challenge the entire food industry is facing, and even though we have been talking about it for some time, the pressure it is putting on our margins continues to be very present. Let's take a look at wheat, for example, where the average price in...
Word Count:4610
Length:10 Pages
Ticker:BIMBOA.MX
Time:11:00am ET
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