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 sales | 26,153 | 100.0 | 24,036 | 100.0 | 8.8 |
| Gross profit | 9,652 | 36.9 | 8,988 | 37.4 | 7.4 |
| EBIT | 3,007 | 11.5 | 3,255 | 13.5 | (7.6) |
| Consolidated net income | 2,078 | 7.9 | 2,368 | 9.9 | (12.3) |
| EBITDA | 3,944 | 15.1 | 4,197 | 17.5 | (6.0) |
FOURTH QUARTER RESULTS
| 4T21 | % | 4T20 | % | % cambio | |
| Net sales | 7,518 | 100.0 | 6,375 | 100.0 | 17.9 |
| Gross profit | 2,830 | 37.6 | 2,346 | 36.8 | 20.7 |
| EBIT | 1,166 | 15.5 | 1,100 | 17.3 | 6.0 |
| Consolidated net income | 690 | 9.2 | 826 | 12.9 | (16.4) |
| EBITDA | 1,420 | 18.9 | 1,338 | 21.0 | 6.1 |
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.