02/27/2024 | Press release | Distributed by Public on 02/27/2024 19:05
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 YEAR 2023
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 QUARTER RESULTS
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