Overview Key strengths Key risks Global footprint across developed and emerging markets. Volatile foreign-exchange rate, restructuring expenses, and elevated labor costs could pressure revenue and margins. Diversified portfolio with more than 9,000 products across various categories. Sluggish economic activity and fierce competition could weigh on volumes and consolidated revenue. Strong brands support leading market position. Intensive capital investments in 2024-2025, in terms of capex and bolt-on acquisitions. Healthy cash flow, robust liquidity, and prudent financial policies. Changes in consumer preferences and health and wellness trends. We expect Bimbo?s revenue to grow around 3% in 2024 and 7% in 2025, representing a slower nominal growth trend than we previously estimated. Contrary to our expectations, the company?s revenues stagnated in 2023, mostly
