Grupo Herdez SAB de CV - Grupo Herdez presents the results of the fourth quarter and annual close of 2023

Sample article from our Food & Beverage

February 28, 2024 (press release) –

/ General/ By avictoria

Mexico City, Mexico , February 27, 2024 - Grupo Herdez, S.A.B. de C.V . ("Grupo Herdez" or the "Company") (MSE: HERDEZ) today announced results for the fourth quarter and full year ended December 31, 2023 .

"In our 110-year history, Grupo Herdez has faced many challenges. 2023 was no different, but it also represented a period of important transformations that prepared us for the future. We achieved record high levels of sales and profits. We look forward to 2024 with enthusiasm and confidence in achieving solid performance.", said Héctor Hernández-Pons Torres , Chairman and Chief Executive Officer of Grupo Herdez.

FULL YEAR2023

	2023	%	2022	%	% change
Net Sales	36,213	100.0	31,646	100.0	14.4
Gross Profit	14,078	38.9	11,206	35.4	25.60
EBIT	5,022	13.9	3,831	12.1	31.10
Consolidated Net Income	3,326	9.2	2,266	7.2	46.80
EBITDA	6,214	17.2	4,943	15.6	25.70

Figures in millions of MXN.

*EBITDA= Earnings Before Interest Taxes Depreciation and Amortization

FOURTH QUARTERRESULTS

	4T2023	%	4T2022	%	% change
Net Sales	9,809	100.0	8,910	100.0	10.1
Gross Profit	3,962	40.4	3,249	36.5	22
EBIT	1,634	16.7	1,364	15.3	19.8
Consolidated Net Income	997	10.2	938	10.5	6.3
EBITDA	1,961	20.0	1,649	18.5	18.9

Figures in millions of MXN.

*EBITDA= Earnings Before Interest Taxes Depreciation and Amortization

HIGHLIGHTS OF THE COMPANY'S SUSTAINABILITY STRATEGY

At the end of the year, water consumption per ton produced was 2.15 m3/ton, in line with the objective of 2.16 m3/ton established within the framework of the HERDEZ 22 and HERDEZ 22L sustainability-linked bonus.
Grupo Herdez was recognized among the top 10 Companies with Greatest ESG Responsibility by the corporate reputation monitor MERCO. We occupy sixth position in the ranking of the 100 companies and number 3 in the food sector.
For the second consecutive year, Grupo Herdez received the Urban Forest Award granted by Bio Pappel . This award recognizes the environmental commitment of companies for using 100% recycled cardboard packaging.
For the third consecutive year, we were awarded in the "Exceptional Companies" contest of the Institute for the Promotion of Quality and the Communication Council . This year, our issuance of the bond linked to sustainability was recognized as a "Good Practice" in the category of Contribution to the Sustainable Development Goals

Download the Anual Report 2023

Download the Press Realease

Attachments

Disclaimer

Grupo Herdez SAB de CV published this content on 27 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2024 01:05:09 UTC .

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.