Mexico City, Mexico, October 23, 2024 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ) today announced results for the third quarter ended September 30, 2024.
”As we celebrate Grupo Herdez´s 110th anniversary, I would like to acknowledge the trust, dedication, and passion of the 12,476 associates who are part of our team; our success is built on the commitment of all of them. Despite the challenges of this quarter, we have achieved solid results, highlighted by a strong growth in exports. With these foundations, we will continue building a solid future for the next 110 years,” said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.
THIRD QUARTER RESULTS
| 3T2024 | % | 3T2023 | % | % cambio |
Net Sales | 9,345 | 100 | 9,019 | 100 | 3.6% |
Gross Profit | 3,785 | 40.5 | 3,670 | 40.7 | 3.1% |
Operating Income | 1,277 | 13.7 | 1,282 | 14.2 | (0.4)% |
Consolidated Net Income | 766 | 8.2 | 830 | 9.2 | (7.7)% |
EBITDA | 1,598 | 17.1 | 1,600 | 17.7 | (0.1)% |
Figures in millions of MXN.
*EBITDA= Earnings Before Interest Taxes Depreciation and Amortization