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