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Grupo Herdez reports third quarter 2017 results

/ Investors / By

Mexico City, Mexico, October 26, 2017 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the third quarter ending September 30, 2017.

“Our performance in the third quarter remained positive despite the natural disasters that stroke our nation. The resiliency of our business model and our industry, together with the strategic measures and initiatives we are implementing, are allowing us to cope with the disruptions, while also prevailing during uncertain times. We remain confident about meeting our guidance for this year”,

Said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer

NET SALES

Net sales in the third quarter increased 6.0 percent compared to the same period of last year to MXN 4,816 million. Net sales in the Preserves division grew 7.2 percent, showing a slowdown when compared to the first six months of the year. This is explained by the
distribution disruptions as a consequence of Mexico’s earthquake and floods that affected several regions of the country.

Highlights from the quarter:

  • Consolidated net sales increased 6.0 percent to MXN 4,816 million.
  • Consolidated EBIT and EBITDA margins were 12.8 and 15.7 percent, respectively.
  • Majority net income reached MXN 172 million, with a margin of 3.6 percent.
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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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