Investor Day 2023
Watch Video
                       

"Iconic Solutions for Your Health and Wellness”

           Investor Day 2023
Watch Video
                       

"Iconic Solutions for Your Health and Wellness”

           Investor Day 2023
Watch Video
                       

"Iconic Solutions for Your Health and Wellness”

           Investor Day 2023
Watch Video
                       

"Iconic Solutions for Your Health and Wellness”

           Investor Day 2023
Watch Video
                       

"Iconic Solutions for Your Health and Wellness”

           Investor Day 2023
Watch Video
                       

"Iconic Solutions for Your Health and Wellness”

Earnings Releases

Quarterly 2023

2Q23 Earnings Conference Call


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    2Q23 Earnings Conference Call

    Quarterly 2022

    4Q22 Earnings Conference Call


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      4Q22 Earnings Conference Call

      Sell-side Analyst Coverage

      Sell-side Analyst Coverage


      As of July 26, 2023 “LABB” is covered by 11 sell-side analysts at the following brokerages:


      FirmAnalystEmail
      Itaú BBAJoaquín Leyjoaquin.ley@itaubba.com
      Banorte Carlos Hernandezcarlos.hernandez.garcia@banorte.com
      UBSRodrigo Alcántararodrigo.alcantara@ubs.com
      JP MorganJoseph Giordanojoseph.giordano@jpmorgan.com
      VectorMarco Antonio Montañez Torresmmontane@vector.com.mx
      BarclaysAntonio Hernandezantonio.hernandez@barclays.com;
      ActinverValentin Mendozavmendoza@actinver.com.mx
      BBVA BancomerMiguel Ulloamiguel.ulloa@bbva.com
      MonexRoberto Solanojrsolano@monex.com.mx
      GBMLuis Willardlrwillard@gbm.com.mx
      BTG PactualAlvaro Garciaalvaro.garcia@btgpactual.com

      Itaú BBA

      Joaquín Ley

      joaquin.ley@itaubba.com

      Banorte 

      Carlos Hernandez

      carlos.hernandez.garcia@banorte.com

      UBS

      Rodrigo Alcántara

      rodrigo.alcantara@ubs.com

      JP Morgan

      Joseph Giordano

      joseph.giordano@jpmorgan.com

      Vector

      Marco Antonio Montañez Torres

      mmontane@vector.com.mx

      Barclays

      Antonio Hernandez

      antonio.hernandez@barclays.com;

      Actinver

      Valentin Mendoza

      vmendoza@actinver.com.mx

      BBVA Bancomer

      Miguel Ulloa

      miguel.ulloa@bbva.com

      Monex

      Roberto Solano

      jrsolano@monex.com.mx

      GBM

      Luis Willard

      lrwillard@gbm.com.mx

      BTG Pactual

      Alvaro Garcia

      alvaro.garcia@btgpactual.com

      In Q2 2023, GLI experienced another strong quarter with a year-on-year increase of +17.4% in the top line (like for like currency, excluding Argentina). In MXN, the year-on-year growth was +1.1%, impacted by the appreciation of the Mexican Peso and a devaluation of 23% in Argentina. When excluding the effect of Argentina's devaluation, the top line saw a notable growth of +9.7% in MXN. The EBITDA margin reached 21.1%, a positive increase of 0.5 percentage points compared to the previous year. Our Cash Conversion Cycle (CCC) improved, with 95 days (-5 days compared to the previous year). We are also making substantial progress towards our productivity target of delivering Ps. 1,800 million by 2027. In April '23, we successfully commissioned a new Suerox® line, resulting in annual COGS savings of Ps. 63.6 million and an increased manufacturing capacity of +96 million bottles per year. A national bidding process with our label suppliers concluded, delivering annual savings of Ps. 25 million. In total, our productivity projects have generated 216 MM in annual savings year-to-date.

      Marco Sparvieri

      Chief Executive Officer

      July 27, 2023

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