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Grupo Bafar Reports First Quarter 2025 Results
Globenewswire· 2025-04-28 23:09
Core Insights - Grupo Bafar reported strong financial results for Q1 2025, with consolidated sales reaching MXN $7,741 million, a 17% increase year-over-year, driven by innovation and expansion strategies [2][6] - The company emphasized its commitment to digital transformation and operational efficiency, which are key to sustaining growth and creating long-term value [6][7] Financial Performance - Consolidated sales for Q1 2025 were MXN $7,741 million, reflecting a 17% growth compared to Q1 2024 [2] - Operating profit reached MXN $1,041 million, with a margin of 13.5%, marking an 11.8% increase [2][7] - EBITDA for the quarter was MXN $1,294 million, up 15.3%, with a margin of 16.7% [2][7] Segment Performance - Bafar Alimentos reported net sales of MXN $7,314 million, a 15.8% increase year-over-year, driven by a 4.4% rise in sales volume [3] - Operating profit for Bafar Alimentos was MXN $613 million, with EBITDA totaling MXN $907.8 million, resulting in operating and EBITDA margins of 8.4% and 12.4%, respectively [3] - Fibra Nova achieved revenues of MXN $387 million, a 27% increase compared to Q1 2024, with EBITDA reaching MXN $414.1 million, up 32.3% [4] - Grupo Bafar's Financial Division reported total loan placements of MXN $1,170.1 million, with revenues of MXN $229 million, a 13.2% year-over-year increase [5] Strategic Initiatives - The company is focusing on digital transformation, including the launch of new Salesforce CRM and Service platforms to enhance customer experience [3] - Investments of MXN $368.7 million were made primarily for the development of the Northern Industrial Park in Chihuahua and the industrial complex in Ciudad Juárez [4]