Mexico City, Mexico, December 21, 2015 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ, OTC: GUZBY) today announced that it will register a non-cash impairment charge of Ps. 450 million in its fourth quarter results related to the recognition of a loss in the value of the assets of Nutrisa.
This charge is in accordance with the application of the International Accounting Standard (IAS) 36 “Impairment of Assets” and relates to underperformance at Nutrisa in the 2014- 2015 period. This non-cash charge will be included in the Other Expenses line in the fourth
quarter of 2015.
“We are confident in the potential of Nutrisa and believe that the actions we have implemented will favor long-term performance, doubling the business in the coming years”, said Héctor Hernández-Pons Torres, Chief Executive Officer.