Grupo Herdez reports first quarter 2013 results

Mexico City, Mexico, April 25, 2013 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (BMV: HERDEZ), today announced its results for the first quarter ended March 31, 2013.

We begin 2013 with strong momentum in our domestic market driven by economic factors combined with our commercial efforts, as well as a fully integrated portfolio in the United States that is capturing growth opportunities despite a weak recovery in that market,” said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer.

Highlights from the quarter:

  • Net sales rose 9.8% with healthy organic performance across both markets
  • Operating income and EBITDA increased at a double digit pace of 15.5% and 12.7%, respectively, mainly driven by a better cost environment in Mexico and beneficial FX rates
  • Net majority income totaled Ps. 182.4 million