Grupo Herdez reports fourth quarter and full year 2013 results

Mexico City, Mexico, February 20, 2014 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (BMV: HERDEZ, OTC: GUZBY), today announced its results for the fourth quarter and full year ended December 31, 2013.

The information contained in this document is prepared on a pro-forma basis, in accordance with International Financial Reporting Standards (IFRS) applicable until December 31, 2012. This is the final quarter in which pro-forma figures will be provided. Beginning in the first quarter of 2014, all information provided will be comparable and in compliance with IFRS applicable since January 1, 2013.

“This was a challenging year in terms of weaker than expected consumption and the impact of certain non-recurring items. Nonetheless, relative to the market, we benefited from the incorporation of Grupo Nutrisa, successfully launched new products as part of our ongoing innovation efforts, and continued to optimize the manufacturing platform for productivity. We anticipate consumption will remain weak in the beginning of 2014, with long-term benefit to the Mexican economy derived from government spending and the much needed structural reforms, as well as an ongoing recovery in the United States,”

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

Highlights from the quarter:

  • Consolidated net sales rose 9.8% primarily due to the incorporation of Nutrisa.
  • Operating and EBITDA margins, excluding non-recurring items, of 12.7% and 15.6% respectively, mainly reflecting low absorption of fixed costs and expenses derived from weak top line performance.
  • Net margin excluding extraordinary expenses contracted 2.4 pp to 5.3%, on operating performance and higher interest expenses.

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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