Mexican Cluster slut, one of the world’s largest bakeries, reported this Wednesday In 2022, his net income was 46,910 million pesos ($2,253 million), 195% more. That’s more than the 2021 result of 15,916 million pesos ($866 million).
“2022 has been an outstanding year with historic financial performance,” said Daniel Servitje, Chairman and CEO of Grupo Bimbo. “We increased our market share in most categories, made record capital investments, changed our strategic focus on grain-based foods, successfully transformed Argentina and Brazil, and launched our sustainability strategy.”
2022 net profit was up 195% and margin increased by 710 basis points, noting “attributed to strong sales and operating performance, Ricolino divestment, positive impact of MEPPs and lower effective income tax rate”.
Bimbo said in its financial report: Sales “reach record levels” in 2022 398,706 million Mexican pesos ($21,704 million), up 17.7% from 2021. With the exchange rate effect, these increased by 20.6 percent.”
Diego Gaxiola, Grupo Bimbo’s global director of management and finance, said in a statement: “After a year of outstanding results, we are starting 2023 well positioned to achieve our plan with continued investment in key strategic opportunities for sustainable growth.”
The report states that Grupo Bimbo’s net sales in the fourth quarter of 2022 also “reached record figures” for the same period, totaling 108,996 million pesos (5,933 million pesos), 15.3% more than in the same quarter of the previous year, “first of all at an affordable price. mix and volume performance.” “All channels grew in double digits, highlighting convenience, self-service and traditional channels, as well as snacks, sweet bread, pastries, cookies and bread categories,” the statement said.
Bakery in North America” sales Net sales in the fourth quarter increased by 21.9% in US dollars, reflecting successful implementation of the pricing strategy across all categories and channels, primarily as well as one week of additional sales compared to the same period last year. In Latin America, fourth-quarter net sales were up 16.3% in peso terms (33.4% excluding exchange rate impact) compared to the same quarter of 2021, mainly due to the mix of favorable pricing and strong volume. yield. “Almost all countries recorded double-digit growth in their local currency, Brazil, Colombia, Argentina and Chile stood out, and to a lesser extent, the inorganic contribution of the Aryzta do Brasil acquisition also benefited sales growth,” he said. . . On the other hand, net sales in EAA (Europe, Asia and Africa) increased 6.2% in Mexican peso (24.2% excluding exchange rate impact), reflecting the implementation of the pricing strategy and good performance of volumes in most countries. as well as the countries of the region, St. Pierre’s purchase. “This was partially offset by the ongoing challenging covid environment in China,” the company said.