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Grupo Herdez reports second quarter 2015 results

/ Investors / By

Mexico City, Mexico, July 23, 2015 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ, OTC: GUZBY) today announced results for the second quarter ended June 30, 2015.


“Growth in the quarter reflected continued momentum in Mexico core and the contribution of Helados Nestlé. Despite a cautious outlook on the rising US dollar, we expect to deliver our full year guidance,”

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

Highlights from the quarter:

  • Consolidated net sales rose 18.9% primarily driven by the integration of Helados Nestlé.
  • EBIT and EBITDA grew 34.6% and 35.7% respectively due to solid results in Mexico core and the incorporation of Helados Nestlé.
  • Consolidated net income increased 22.5% to Ps. 405 million.

Net Sales
Net sales in the second quarter rose 18.9% from the year ago period to Ps. 3,946 million, primarily reflecting the integration of a full quarter of Helados Nestlé.

Net sales in Mexico core grew 7.7% driven by volume gains and tactic pricing actions implemented in April. Export sales increased 11.3%, where the strengthening of the US dollar was not enough to offset continuous inventory adjustments at MegaMex. In the Frozen division, sales grew 127.5% due to the integration of Helados Nestlé, as the pace of sales decline at Nutrisa slowed to a single digit.

On a cumulative basis, consolidated net sales rose 16.7% to Ps. 7,665 million, resulting primarily from the incorporation of Helados Nestlé as of March 2015 and solid volume performance in Mexico core.

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Grupo Herdez 2019

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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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