Mexico City, Mexico, February 22, 2023 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the fourth quarter and full year ended December 31, 2022.
“The year 2022 was full of challenges and lessons, which allowed us to continue strengthening our operation and, obtaining outstanding results throughout the different business segments. We are optimistic about 2023 and expect a solid performance,” said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.
CONSOLIDATED HIGHLIGHTS FOR THE QUARTER
§ Net sales were MXN 8.9 billion, 18.5% higher than in 2021.
§ EBIT and EBITDA increased 16.9% and 16.1%, respectively, to MXN 1.4 billion and MXN 1.6 billion.
§ Consolidated Net Income was MXN 938 million, 35.9% higher than the previous year, with a margin expansion of 1.3 percentage points to 10.5%.
FULL YEAR 2022
2022 | % | 2021 | % | % cambio | |
Net Sales | 31,646 | 100.0 | 26,153 | 100.0 | 21.0 |
Gross Profit | 11,206 | 35.4 | 9,652 | 36.9 | 16.1 |
EBIT | 3,831 | 12.1 | 3,007 | 11.5 | 27.4 |
Consolidated Net Income | 2,266 | 7.2 | 2,078 | 7.9 | 9.0 |
EBITDA | 4,943 | 15.6 | 3,944 | 15.1 | 25.3 |
Figures in millions of MXN. |
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FOURTH QUARTER RESULTS
4Q2022 | % | 4Q2021 | % | % cambio | |
Net Sales | 8,910 | 100.0 | 7,518 | 100.0 | 18.5 |
Gross Profit | 3,249 | 36.5 | 2,830 | 37.6 | 14.8 |
EBIT | 1,364 | 15.3 | 1,166 | 15.5 | 16.9 |
Consolidated Net Income | 938 | 10.5 | 690 | 9.2 | 35.9 |
EBITDA | 1,649 | 18.5 | 1,420 | 18.9 | 16.1 |
Figures in millions of MXN. *EBITDA= Earnings Before Interest Taxes Depreciation and Amortization | |||||
HIGHLIGHTS OF THE COMPANY’S SUSTAINABILITY STRATEGY
Grupo Herdez received the Urban Forest Award granted by Bio Pappel in October. This award recognizes the environmental commitment of companies that use 100% recycled cardboard packaging.
Grupo Herdez in line with the alignment to Sustainable Development Goal #5 (Gender Equality) of the Global Compact signed the United Nations Women’s Empowerment Principles (WEPs), whose objective is to encourage companies to promote gender equality, and to empower women in the workplace, the market, and in communities through a methodology based on 7 principles (https://www.weps.org/).
Grupo Herdez’s rating in the Bloomberg Gender Equality Index improved by 26 points over 2021. The objective of this index is to measure companies’ performance and commitment in relation to their approach to gender equality, through their policies, representation, and transparency.
In the S&P Global Sustainability Assessment (CSA), Grupo Herdez received a grade of 52/100, an increase of 3 points from 2021, placing it in 14th place among companies in the sector.