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Grupo Herdez- Fourth Quarter & Full year 2021

/ General, Investors / By

Mexico City, Mexico, February 3, 2022 – 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, 2021.

“Challenges continued in 2021, particularly those related to input prices and supply chain constraints. Despite the above, the Group continued to strengthen its market shares and recover profitability in the Impulse segment. We are optimistic about the future and are confident that 2022 will be a great year”

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

CONSOLIDATED HIGHLIGHTSFOR THE QUARTER

  • Consolidated net sales increased 17.9% to $7.5 billion, driven by price increases realized in the last twelve months.
  • Consolidated gross margin increased 0.8 percentage points to 37.6%, the Preserves segment had a sequential recovery of 3.2 percentage points over the immediately preceding quarter.
  • Consolidated EBIT before other income increased 30.2% year over year.  
  • The Impulse segment generated positive EBITDA of $92 million, a significant recovery with respect to the immediately preceding quarter.

FULL YEAR 2021

2021%2020%% cambio
Net sales26,153100.024,036100.08.8
Gross profit9,65236.98,98837.47.4
EBIT3,00711.53,25513.5(7.6)
Consolidated net income2,0787.92,3689.9(12.3)
EBITDA3,94415.14,19717.5(6.0)
Figures expressed in millions of MXN

FOURTH QUARTER RESULTS

4T21%4T20%% cambio
Net sales7,518100.06,375100.017.9
Gross profit2,83037.62,34636.820.7
EBIT1,16615.51,10017.36.0
Consolidated net income6909.282612.9(16.4)
EBITDA1,42018.91,33821.06.1
Figures expressed in millions of MXN

RELEVANT RESULTS OF THE COMPANY’S SUSTAINABILITY STRATEGY

In 2021, Grupo Herdez, in partnership with Victoria 147, launched the second edition of “Semillero Nutrisa.” A total of 24 entrepreneurs have been trained, of whom two have already joined as suppliers of the Company.

In 2021, Saber Nutrir, Grupo Herdez’s social responsibility program, completed 100% of its Food Safety and Marketing projects in the States of Mexico and Yucatan. These projects, together with previously constructed water systems, have benefited 23 communities in the area of Mazahua, directly impacting 482 families.

Grupo Herdez was recognized for the ninth consecutive year as one of the 100th Companies with the Best Reputation in Mexico by MERCO. MERCO, one of the most important business monitors of corporate reputation in Latin America, prepares a report every year based on surveys and interviews with consumers, financial analysts, journalists, representatives of non-governmental organizations, consumer associations, and opinion leaders. Its two rankings recognize Mexican companies that have a presence in Mexico and the world, that have digital communications, and that stand out in their financial, social, and environmental performance, directly and indirectly benefiting the country.

This year we ranked fourth in the food sector and seventeenth in the general list of companies, rising two and 31 positions, respectively.

In addition, the Company was positioned in the top 10 of MERCO’s 100 Most ESG Responsible Companies, ranking fourth in environmental issues, seventh in social issues, and tenth in governance of the 100 companies evaluated.

Download the press release
Download the report

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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