Facebook-f Twitter Linkedin Youtube

Grupo Herdez second quarter 2019 earnings release

Leave a Comment / Investors / By

Mexico City, Mexico, July 25, 2019 – Grupo Herdez, S.A.B. DE C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results of the second quarter OF 2019, ended June 30, 2019.

“Our top-line performance in the first six months of the year reflects our focus on commercial execution, which has helped offset the slowdown in the economy. We will continue to invest in innovation to strengthen our leadership and the relevance of our portfolio among consumers,”

Said Héctor Hernández-Pons Torres,President and CEO of Grupo Herdez.

HIGHLIGHTS FOR THE QUARTER

  • Net sales grew 8.5% compared to the same quarter of the previous year, driven by price increases in the Preserves segment and higher sales volumes in the Frozen segment.
  • EBIT and EBITDA margins of 13.0% and 16.5%, respectively reflected the impact of an unfavorable sales mix.
  • Consolidated net income totaled MXN 575 million, representing a margin of 10.1 percent.
Download press release

Leave a Comment

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