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
Head of Equity Research @ Banorte
Equity Research Analyst @ Banorte
