Earnings Report /
MexicoLa Comer: LACOMER, Quarterly Report 1Q21:Continued to grow,albeit with lower profitability
La Comer maintained an above-sector performance, growing even in spite of a difficult comparative base
EBITDA rose 3.5% y/y, while its margin contracted 40 bps to 11.3%, due to incremental pandemic-related expenses
Current valuation is above historical averages, already incorporating the outlook of maintaining growth leadership
Valentin III Mendoza Balderas
Senior Equity Research Analyst, Consumer & Telecoms @ Banorte
Juan Barbier
Equity Research Analyst @ Banorte
5 May 2021
Published byBanorte
