Earnings Report /
Mexico

El Puerto de Liverpool: LIVEPOL, Quarterly Report 2Q21: Commercial division resumes strong growth

  • Livepol exceeded our estimates, due to stores reopening and recovery in the most profitable divisions

  • Improvement in ND/EBITDA ratio to 1.6x, while with the results the FV/EBITDA multiple fell to 9.1x

  • We will be revising our estimates with positive implications following an accelerated 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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