Mexico City, Mexico, April 25, 2019 – 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, 2019.
“First quarter results are the outcome of the continuous improvement model that we have been implementing in our commercial model, as well as the investments made in innovation, both in products and in our communication,”Said Héctor Hernández-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.
HIGHLIGHTS FOR THE QUARTER
- Net sales increased by 10.8 percent to MXN 5.2 billion, mainly driven by volume growth in the Preserves segment.
- EBIT and EBITDA margins were 12.2 and 15.9 percent, respectively.
- Consolidated net income totaled MXN 517 million, 6.1 percent higher than the same quarter in 2018, with a margin of 9.9 percent.