Grupo Herdez Third Quarter 2020 earnings release

Mexico City, Mexico, October 22, 2020 – Grupo Herdez, S.A.B. DE C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the third quarter 2020, ended September 30, 2020.

“Our quarterly results demonstrate our portfolio resilience and diversification particularly under challenging times. At the same time, we reinforce that our sustainability strategy aligned to the SDG is the right move to contribute to the objectives of the UN 2030 agenda. “Con toda confianza… México will come through!”

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

CONSOLIDATED HIGHLIGHTS FOR THE QUARTER

  • Net sales increased 4.5% to MXN 5.8 billion, driven by a growth rate of 8.5% in the Preserves segment.
  • EBIT and EBITDA rose to MXN 649 and MXN 872 million, respectively.
  • Consolidated net income was MXN 383 million.
 3Q20%3Q19%% change
Net Sales5,817100.05,569100.04.5
Gross Profit2,18037.52,20639.6(1.1)
EBIT64911.275013.5(13.4)
Consolidated Net Income3836.64618.3(16.8)
EBITDA87215.097817.6(10.8)
Figures in millions of MXN