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Mexico City, Mexico, February 27, 2024 – 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, 2023.

“In our 110-year history, Grupo Herdez has faced many challenges. 2023 was no different, but it also represented a period of important transformations that prepared us for the future. We achieved record high levels of sales and profits. We look forward to 2024 with enthusiasm and confidence in achieving solid performance.”, said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.

FULL YEAR 2023 

 

2023

%

2022

%

% change

Net Sales

36,213

100.0

31,646

100.0

14.4

Gross Profit

14,078

38.9

11,206

35.4

25.60

EBIT

5,022

13.9

3,831

12.1

31.10

Consolidated Net Income

3,326

9.2

2,266

7.2

46.80

EBITDA

6,214

17.2

4,943

15.6

25.70

Figures in millions of MXN.

*EBITDA= Earnings Before Interest Taxes Depreciation and Amortization

 

FOURTH QUARTER RESULTS

 

4T2023

%

4T2022

%

% change

Net Sales

9,809

100.0

8,910

100.0

10.1

Gross Profit

3,962

40.4

3,249

36.5

22

EBIT

1,634

16.7

1,364

15.3

19.8

Consolidated Net Income

997

10.2

938

10.5

6.3

EBITDA

1,961

20.0

1,649

18.5

18.9

Figures in millions of MXN.

*EBITDA= Earnings Before Interest Taxes Depreciation and Amortization

HIGHLIGHTS OF THE COMPANY’S SUSTAINABILITY STRATEGY
  • At the end of the year, water consumption per ton produced was 2.15 m3/ton, in line with the objective of 2.16 m3/ton established within the framework of the HERDEZ 22 and HERDEZ 22L sustainability-linked bonus.
  • Grupo Herdez was recognized among the top 10 Companies with Greatest ESG Responsibility by the corporate reputation monitor MERCO. We occupy sixth position in the ranking of the 100 companies and number 3 in the food sector.
  • For the second consecutive year, Grupo Herdez received the Urban Forest Award granted by Bio Pappel. This award recognizes the environmental commitment of companies for using 100% recycled cardboard packaging.
  • For the third consecutive year, we were awarded in the “Exceptional Companies” contest of the Institute for the Promotion of Quality and the Communication Council. This year, our issuance of the bond linked to sustainability was recognized as a “Good Practice” in the category of Contribution to the Sustainable Development Goals
Download the Anual Report 2023
Download the Press Realease

Grupo Herdez 2019

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2020

2020

  • 2020: In collaboration with La Costeña® and Sanfer®, we delivered 35,000 basic food baskets to benefit more than 175,000 Mexicans affected by the COVID-19 health contingency.

    We launched the first edition of Semillero Nutrisa®, a program to support Mexican women entrepreneurs to participate in a training and business development program.

  • 2021: We became the first consumer company in Latin America to partner with Google, a global technology giant, to accelerate our digital transformation. 

    We signed an agreement with the American company General Mills® to distribute their products in Mexico, with which we entered the categories of cereal bars and prepared dessert flours.


    We celebrated the 80th anniversary of Doña María® mole with the inauguration of Casa Doña María Pons, headquarters of Fundación Herdez® in San Luis Potosí.

    We were placed in the report “Mexican Companies for the 2030 Agenda in the Decade of Action” of the Global Compact, for the actions of the Saber Nutrir® program as a reference practice to achieve Zero Hunger, one of the 17 Sustainable Development Goals of the UN.

  • 2022: We acquired Interdeli and Deli, Dips & Snacks, expanding our capabilities to new categories such as hummus, cheeses, and dips, integrating brands such as Libanius, Flaveur, Liguria, and Señor Cactus into our portfolio.

    For the first time in our history, we brought the best of Mexican cuisine to the United Kingdom with the Herdez® brand, through a joint alliance with McCormick & Company, Inc.

    We issued the first sustainability-linked bond in the food industry in Mexico, committing to reduce our water consumption per ton produced by 2030.

    We signed the United Nations Women’s Empowerment Principles (WEPS), reaffirming our commitment to gender equality.

    We joined the UN’s CFO Coalition for the SDGs, which drives the transformation of corporate finance to achieve the goals of the 2030 Agenda.

    We joined the Pacto por la Comida of the BAMX Network, an initiative that promotes more sustainable food production and consumption systems, with the goal of reducing Food Loss and Waste in the industry.

  • 2023: We consolidated the integration of Chilim Balam® into the Impulse segment portfolio, with which we positioned ourselves in the candy and snack category in the retail model.

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