Facebook-f Twitter Linkedin Youtube

Grupo Herdez reports third quarter 2013 results

/ Investors / By

Mexico City, Mexico, October 24, 2013 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (BMV: HERDEZ, OTC: GUZBY), today announced its results for the third quarter ended September 30, 2013.

“The consumption environment deteriorated on a sequential basis in the third quarter of the year. Nevertheless, underlying performance remains solid and the Company’s results continue to benefit from the integration of Nutrisa. Our commercial strategy and financial position are solid as we head into the final months of the year, and we are optimistic about economic conditions regaining momentum in the back half of 2014,”

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

Highlights from the quarter:

  • Consolidated net sales rose 9.2%, driven by the incorporation of Nutrisa.
  • Operating margin before other expenses was 13.3%, mainly reflecting soft sales performance and thus lower fixed expense absorption.
  • Net margin of 5.0% reflects an extraordinary charge at MegaMex, higher net interest expenses and effective tax rate.
Download press reléase

Grupo Herdez 2019

Facebook-f Twitter Linkedin Youtube

2020

  • 2020: We launched the first edition of Semillero Nutrisa. Together with Nutrisa and the Victoria147 business academy for women, we invited women entrepreneurs to participate in a training program to improve the management of their businesses and have the potential to become part of our supply chain.

We established our first technological alliance with Google, which will allow us to accelerate the digital transformation of Grupo Herdez through the use of Google Cloud Platform tools such as BigQuery ML, Looker, among others.

Through the Herdez® brand and Aires de Campo® we joined the “Sowing a New Normality” initiative, promoted by the civil society organizations Ríos Tarango and Ectágono, which aims to increase the vegetation cover of the environmentally valuable area Barranca de Tarango.

  • 2021: We developed the Group’s second proprietary e-commerce platform, with the Nutrisa® online store.

We updated the apps through which we manage the loyalty programs of our retail brands, Cielito Querido Café® and Nutrisa®, improving our customers’ in-store experience.

During the year, 15 formulas had their nutritional profile strengthened by reducing some critical added nutrients (sugars, sodium and saturated fats).

  • 2022: We expanded our capabilities into new categories through the acquisition of Interdeli and Deli, Dips & Snacks. Integrating brands such as Libanius, Flaveur, Liguria and Señor Cactus into our portfolio.

We Issued the first sustainability bond through which we
committed to a 25% reduction in our water consumption.

Together with our partner McCormick & Company, Inc. we
brought the most iconic Mexican cuisine to the tables of the United Kingdom
through meal kits, sauces and condiments under the Herdez® brand.  In less than a year, we obtained a 5.5% shelf
share in the Tesco supermarket chain.

We consolidated the integration of Chilim Balam® into retail brands, a leading brand in the snack segment