Grupo Herdez Second Quarter 2020 Earnings release

Mexico City, Mexico, July 23, 2020 – Grupo Herdez, S.A.B. DE C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the second quarter 2020, ended June 30, 2020.

“In this extremely complex environment in which we are living as Mexicans and humanity as a whole, the commitment and professionalism of our team stands out. I am very proud and grateful with everyone that makes Grupo Herdez’s family. The results of the second quarter show the strength and diversification of our portfolio, as well as the effectiveness of our sales force. At Grupo Herdez, we will continue to focus on ensuring the safety of our employees, and the continuity of our operations”

Héctor Hernández- Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez

HIGHLIGHTS FOR THE QUARTER

  • Net sales increased 7.6% to MXN 6.1 billion, driven by the Preserves segment.
  • EBIT and EBITDA rose to MXN 647 and MXN 936 million, respectively.
  • Consolidated net income was MXN 493 million.
 2Q20%2Q19%% change
Net Sales6,091100.05,662100.07.6
Gross Profit2,28837.62,16438.25.7
EBIT64710.673613.0(12.2)
Consolidated Net Income4938.157510.1(14.2)
EBITDA93615.493416.50.2
Figures in millions of MXN

For further information visit: https://grupoherdez.com.mx/informacion-para-inversionistas/