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ALFA reports 1Q21 EBITDA of US $535 million; second highest quarterly figure in our history
- 2021 EBITDA Guidance revised up 13% to US $1.637 billion
- Sigma s 1Q21 EBITDA up 7%, reaching its highest first quarter margin since 2016
- Alpek s EBITDA reached US $324 million due to record volume and higher than expected margins
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MONTERREY, Mexico, April 20, 2021 /PRNewswire/ ALFA, S.A.B. de C.V. (BMV: ALFAA) (ALFA), manages a diversified portfolio of subsidiaries with global operations announced today its unaudited results for the first quarter of 2021 ( 1Q21 ). All figures have been prepared in accordance with International Financial Reporting Standards ( IFRS ).
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Just as it did with our work schedules, exercise routines and social engagements, the pandemic has impacted our dietary habits. More than 80 percent of consumers said their food habits have changed since the outbreak: One in five are making healthier choices to support their own health, with many turning to plant-based proteins and 57 percent of respondents from another survey eating fewer animal products.
Yet as the demand for both sustainably produced and healthy foods grows, many companies offering such options still find themselves offsetting the positive carbon benefits of cutting animals out of the loop by packaging their products in plastic or using synthetic additives. One innovative company, for example, provides a great plant-based alternative to eggs made primarily from mung beans unfortunately, it’s currently sold in plastic bottles.
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