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
Head of Equity ResearchĀ @ Banorte
Equity Research AnalystĀ @ Banorte
