Mexico City, Mexico, February 26, 2014 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ, OTC: GUZBY), today announced its results for the fourth quarter and full year ended December 31, 2014.
“Despite a still challenging consumption environment, we are pleased to have exceeded our growth forecasts thanks to investments in our commercial strategy that drove healthy volume performance while sustaining profitability. Looking ahead, we are cautiously optimistic about the start of 2015,”said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer.
Highlights from the year:
- Consolidated net sales rose 8.6% primarily due to strong results in Mexico core.
- EBIT and EBITDA margins were 14.8% and 16.9%, respectively.
- Consolidated net income increased 31.1% to Ps. 1,504 million.
- Nutrisa opened 53 points of sale in the year for a total of 429.