GRUMA – Síntesis, Octubre 2018


Síntesis de Noticias relacionas con Gruma. Octubre 2018

October 4

Mexico’s 100 Top Business Executives (21-30). (EXPANSIÓN 86-88) (EXPANSIÓN 111-118) Expansión has been ranking “Mexico’s 100 Top Business Executives” for decades. The list rates presidents and founders by the size of their companies—their market value when listed, annual sales, number of employees—but above all for their influence within the country’s economic and political landscape. 24. Juan González Moreno. This executive has successfully leveraged the popularity of Mexican food, in particular, tortillas, throughout the world. 2017 Sales (billions of pesos): Asia and Oceania, 3.365; Central America, 4.533; Europe, 5.115; Mexico, 19.016; and the United States, 38.552.

 

October 5

The Bilateral Relationship Grows. (EL HERALDO DE MÉXICO 12) For Andrew Selee, the relationship between the United States and Mexico is not just a field of study, but a reality of life. His bookVanishing Frontiers documents and reveals the strength of social, commercial, cultural, and personal relationships that have been woven on both sides of the border.Q: You talk about Mexican investment in the United States. “For me, it was a discovery to see the number of Mexican companies investing and creating jobs in the United States. The largest is Bimbo, which has production in locations throughout the country and makes one-fourth of the bread consumed here under brand names that are well-known to Americans. The same is happening with Gruma, which started making tortillas for the Latino community and now sells to the U.S. market at large.”

 

October 6

Multilatinas Pick Up Speed. (AMÉRICA ECONOMÍA 6-52-58) For the second year in a row, the ranking of Latin American multinationals, or Multilatinas, has shown increases in annual sale volumes and improved profitability, on the heels of a difficult five years for companies with strong global strategies. Additionally, the 100 companies to qualify in the ranking demonstrated significant increases in their stakes within Latin America. Gruma is ranked ninth.

 

October 9

Actinver’s 10 Favorite Stock Picks. Actinver Casa de Bolsa has revealed its 10 favorite stocks for an 18-month investment horizon. The companies on the list are Arca Continental, Alfa, Banco del Bajío, Cemex, Chedraui, FEMSA, Fibra Uno, Grupo México, Gruma, and Liverpool.

 

October 11

Juan González, One of the Executives Propelling Mexico Forward. (LA PRENSA ONLINE) Over the past decade, Mexico’s economy has stood apart from those of other countries for its solid macroeconomic figures and GDP growth, despite coinciding with one of the most severe global economic crises in history. Behind this lies the prudent handling of public finances, but also the boost given to the country by business leaders such as Juan González Moreno, president, and CEO of Gruma, through productive investments and job creation for thousands of people.

The CFO in Uncertain Times. (MUNDO EJECUTIVO 38-47) Raúl Cavazos. Under the financial direction of Raúl Cervantes, shares of Grupo Maseca (Gruma) have become one of best performing on the Mexican Stock Exchange. The CFO’s strategy has clearly boosted the company’s profitability. Cavazos Morales took over Gruma’s finance department in 2012, though his financial career within the company spans more than 28 years. He has held positions such as Assistant Director of the Treasury, Manager of Financing and Head of Bank Relations.

 

October 18

Gruma EBITDA increases 8%. (EL NORTE/TOP ARTICLE IN THE BUSINESS SECTION) (REFORMA 1-2) (EL ECONOMISTA 1-10) (LA JORNADA 23) (MILENIO DIARIO 27) (EXCÉLSIOR 2) (EL FINANCIERO 23) (EL SOL DE MÉXICO 20) (EL UNIVERSAL 2) (CONTRARÉPLICA 3) Driven by higher sales in all its territories and currency exchange gains, Gruma reported a 7.9% increase in EBITDA to stand at MXN 3.23 billion during 3Q18, compared to the same period in 2017. The world’s largest producer of corn flour and corn tortillas said it posted sales of MXN 18.488 billion, a 7.9% increase while volumes were up three percent. The company benefited from currency exchanges due to the weak peso and higher prices in Mexico. During the quarter, Gruma saw increases in revenue and volume in all of its territories. In the United States, its volume was up 4% while sales grew 3%, to MXN 10.70 billion. Meanwhile, the company’s Gimsa division in Mexico saw volume and revenue up one and seven percent, respectively.

Julio Brito A. / Risks and Rewards. (LA CRÓNICA DE HOY 12) Results. Gruma, led by Juan González Moreno, delivered its third report of the year to the Mexican Stock Exchange, highlighting growth in net sales and volume in all of the regions in which it operates worldwide, along with an increase in consolidated EBITDA. The company’s net sales increased 8% over 3Q17.

 

October 19

Roberto Aguilar / Corporate Minute. (EL SOL DE MÉXICO 22) Gruma flexes its operational strength. Analysts following the shares of the world’s leading producer of corn flour, tortillas, and wraps, led by Juan González Moreno, focused more on the operational performance reported in the third quarter and not necessarily on the drop in profitability that arose purely from an accounting issue. That’s the case of Santander, which considers Gruma shares listed on the Mexican Stock Exchange, presided by José Oriol Bosch, still attractive after analyzing the report and giving a buy recommendation.

Gruma Posts Q3 Results (MILENIO NOTICIAS (14:00 to 16:00) Priscila Cantú: Gruma reported the year’s third-quarter results, which highlights a strengthening company and growth in net sales and volume in all regions in which it operates worldwide. The company posted a 3% increase in sales volume with respect to the same period in 2017, to stand at 27,000 metric tons. This increase was driven by the global subsidiaries owned by the Mexican multinational.

Gruma Revenue Up 8% (EXCÉLSIOR TV, MORNING HEADLINES, 7:00 AM )

 

October 29

Tortilla Shops Opened in Regions of Nayarit Affected by Willa. (MILENIO DIARIO DE MONTERREY) Residents of the towns of Tuxpan and Escuinapa affected by Hurricane Willa will enjoy a guaranteed supply of tortillas after Gruma sent its mobile tortilla shops to the region. Escuinapa, one of the affected towns, will have another tortilla shop that will produce an estimated 80 kilograms per hour, to be delivered to neighborhoods and police stations affected by flooding. Escuinapa town mayor, Hugo Enrique Moreno, thanked Gruma president Juan González Moreno, for the support given to the nearly 30,000 victims of Hurricane Willa.

 

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