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Bachoco Reports Highest Net Sales Ever

3 May 2012, at 9:08am

MEXICO - Bachoco reported the highest net sales for a first quarter in the Company’s history; this figure rose 54.5 per cent in the first quarter of 2012 compared to the same period last year.

"The Mexican poultry industry demonstrated an adequate balance between supply and demand, with greater stability within the international markets of the main raw materials and an appreciation of the Mexican peso against the US dollar," said CEO Rodolfo Ramos.

“During the first quarter we observed a strong demand for chicken and eggs in the Mexican market, which allowed us to close the gap in prices following the sharp increases in raw material costs in recent quarters. As a result, we had increases in sales across all our business lines, and when combined with the additional sales generated from our operation in the United States, Bachoco achieved record first quarter sales.

"In the first quarter of 2012, we achieved positive results in the Company’s operations in Mexico and the US, reaching an EBITDA of Ps. 1,027.6 million, an EBITDA margin of 11.0 per cent, derived from the aforementioned external factors and the continuous efforts to improve efficiency, productivity and the marketing efforts of our staff” he concluded.

Further Reading

- You can view the full results by clicking here.