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

August 3rd, 2021
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