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Grupo Herdez Second Quarter 2020 Earnings release

/ General, Investors, Acquisitions / By

Mexico City, Mexico, July 23, 2020 – Grupo Herdez, S.A.B. DE C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the second quarter 2020, ended June 30, 2020.

“In this extremely complex environment in which we are living as Mexicans and humanity as a whole, the commitment and professionalism of our team stands out. I am very proud and grateful with everyone that makes Grupo Herdez’s family. The results of the second quarter show the strength and diversification of our portfolio, as well as the effectiveness of our sales force. At Grupo Herdez, we will continue to focus on ensuring the safety of our employees, and the continuity of our operations”

Héctor Hernández- Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez

HIGHLIGHTS FOR THE QUARTER

  • Net sales increased 7.6% to MXN 6.1 billion, driven by the Preserves segment.
  • EBIT and EBITDA rose to MXN 647 and MXN 936 million, respectively.
  • Consolidated net income was MXN 493 million.
 2Q20%2Q19%% change
Net Sales6,091100.05,662100.07.6
Gross Profit2,28837.62,16438.25.7
EBIT64710.673613.0(12.2)
Consolidated Net Income4938.157510.1(14.2)
EBITDA93615.493416.50.2
Figures in millions of MXN

For further information visit: https://grupoherdez.com.mx/informacion-para-inversionistas/

Download the press release
Download the report

Grupo Herdez 2019

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2020

  • 2020: We launched the first edition of Semillero Nutrisa. Together with Nutrisa and the Victoria147 business academy for women, we invited women entrepreneurs to participate in a training program to improve the management of their businesses and have the potential to become part of our supply chain.

We established our first technological alliance with Google, which will allow us to accelerate the digital transformation of Grupo Herdez through the use of Google Cloud Platform tools such as BigQuery ML, Looker, among others.

Through the Herdez® brand and Aires de Campo® we joined the “Sowing a New Normality” initiative, promoted by the civil society organizations Ríos Tarango and Ectágono, which aims to increase the vegetation cover of the environmentally valuable area Barranca de Tarango.

  • 2021: We developed the Group’s second proprietary e-commerce platform, with the Nutrisa® online store.

We updated the apps through which we manage the loyalty programs of our retail brands, Cielito Querido Café® and Nutrisa®, improving our customers’ in-store experience.

During the year, 15 formulas had their nutritional profile strengthened by reducing some critical added nutrients (sugars, sodium and saturated fats).

  • 2022: We expanded our capabilities into new categories through the acquisition of Interdeli and Deli, Dips & Snacks. Integrating brands such as Libanius, Flaveur, Liguria and Señor Cactus into our portfolio.

We Issued the first sustainability bond through which we
committed to a 25% reduction in our water consumption.

Together with our partner McCormick & Company, Inc. we
brought the most iconic Mexican cuisine to the tables of the United Kingdom
through meal kits, sauces and condiments under the Herdez® brand.  In less than a year, we obtained a 5.5% shelf
share in the Tesco supermarket chain.

We consolidated the integration of Chilim Balam® into retail brands, a leading brand in the snack segment