Facebook-f Twitter Linkedin Youtube

Grupo Herdez Fourth Quarter and Full Year 2022 earnings release

/ General, Investors / By

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.

  

 

 

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.

Download Press Release
Download Full Report

Grupo Herdez 2019

Facebook-f Twitter Linkedin Youtube

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.

×