04/17/2024 | Press release | Distributed by Public on 04/18/2024 11:54
Mexico City, Mexico, April 17, 2024 - Grupo Herdez, S.A.B. de C.V. ("Grupo Herdez" or the "Company") (MSE: HERDEZ) today announced results for the first quarter ended March 31, 2024.
"We begin 2024 with a significant expansion in our margins driven by lower costs of key raw materials. In the coming months, we will reinvest part of these benefits in the market,.", said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.
FIRST QUARTER RESULTS
1Q2024 |
% |
1Q2023 |
% |
% cambio |
|
Net Sales |
8,886 | 100 | 8,632 | 100 | 2.9 |
Gross Profit |
3,500 | 39.4 | 3,138 | 36.4 | 11.5 |
EBIT |
1,249 | 14.1 | 1,046 | 12.1 | 19.4 |
Consolidated Net Income |
840 | 9.5 | 797 | 9.2 | 5.4 |
EBITDA |
1,561 | 17.6 | 1,316 | 15.2 | 18.6 |
Figures in millions of MXN.
*EBITDA= Earnings Before Interest Taxes Depreciation and Amortization