Grupo Herdez reports first quarter 2015 results

Mexico City, Mexico, April 23, 2015 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ, OTC: GUZBY), today announced results for the first quarter ended March 31, 2015. As of March 1, 2015, Grupo Herdez financial statements
include Helados Nestlé’s results, which are integrated in the new Frozen division along with those of Nutrisa.

“The first three months of the year showed strong continued momentum, with across the board growth in Mexico core. We continue to be cautiously optimistic about the rest of the year,”

said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer.

Highlights from the quarter:

  • Consolidated net sales rose 14.4% primarily due to strong results in Mexico core.
  • EBIT and EBITDA margins were 16.6% and 18.8%, respectively.
  • Consolidated net income increased 37.8% to Ps. 436 million.
  • Nutrisa ended the quarter with 433 stores.

Net Sales

Net sales in the first three months of the year rose 14.4% from the year ago period, to Ps. 3,719 million. Approximately 3 percentage points of this growth is attributable to the incorporation of Helados Nestlé as of March 1, 2015.

In Mexico core, net sales grew 16.4%, extending strong performance seen since the second half of last year resulting from the Company’s efforts to boost volume performance, as well as the positive calendar effect. The best performing categories were canned vegetables, jam, mayonnaise, mole, tea and tuna. Export sales declined 8.8% when compared to the same period of last year as a result of sluggish sales at MegaMex as well as inventory adjustments. The 14.8% growth in the Frozen division reflects the incorporation of Helados Nestlé as of March 1, 2015, while sales at Nutrisa continue to be impacted by the product rationalization process begun in April of 2014.

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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