Grupo Herdez Second quarter 2022 earnings release

Mexico City, Mexico, July 21, 2022 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the second quarter of 2022, ended june 30, 2022.

Although the current environment continues to challenge us as a company, our top line performance in all segments was very solid. The recent issuance of SLBs reinforces our more than 30-year commitment with investors and highlights the relevance of our sustainability efforts as part of our business model and its contribution to the development of Mexico.

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

CONSOLIDATED HIGHLIGHTSFOR THE QUARTER

  • Net sales were MXN 7.7 billion, 27.4% higher versus the same quarter of last year.
  • EBIT before other expenses and income increased 23.9% to MXN 755 million.
  • Consolidated net income was MXN 395 million.
 2Q22%2Q21%% change
Net sales4,313100.03,727100.015.7
Gross profit 88520.51,15230.9(23.2)
EBIT320.73288.8(90.2)
EBITDA1303.043211.6(70.0)
Net Income 781.83098.3(74.9)
*Figures in millions of MXN*