Earnings Report /
Mexico

Alsea: ALSEA, Quarterly Report 2Q21: Faster-than-expected recovery

  • Positive report with significant recovery in Mexico and Europe, and a very successful home delivery strategy

  • ND/EBITDA ratio improves to 5.1x, while by incorporating the results the FV/EBITDA multiple fell to 8.4x

  • We will be revising our estimates with positive implications. The results make us optimistic about the pace of recovery

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Juan Barbier
Juan Barbier

Equity Research Analyst

Banorte
3 August 2021
Published byBanorte

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