Mexico City, Mexico, February 25, 2016 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ, OTC: GUZBY) today announced results for the fourth quarter and full year ended December 31, 2015.
said Héctor Hernández-Pons Torres, Chairman and Chief ExecutiveOfficer.
“We are pleased to report double digit growth in consolidated net sales and EBITDA in line with our guidance for the year. This is the combined effect of inorganic growth and a great commercial execution in a challenging environment.
We are confident that consumption will continue to improve in 2016, and internally we will balance our pricing and risk management strategies in order to mitigate the impact of a stronger US dollar,”
Highlights from the year:
- Consolidated net sales rose to a record Ps.16,356 million.
- EBITDA reached Ps. 2,887 million, 19.5% higher than in 2014.
- Consolidated net margin of 7.9% was affected by an extraordinary non-cash charge of Ps. 450 million.