Grupo Herdez third quarter 2022 earnings release

Mexico City, Mexico, October 19, 2022Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (BMV: HERDEZ) today announced results for the third quarter of 2022, ended September 30.

“Despite sustained high levels of inflation, our top-line performance in all segments was very solid, we maintained reasonable operating margins, and generated working capital efficiencies.”

Héctor Hernández- Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez.

CONSOLIDATED HIGHLIGHTS FOR THE QUARTER

•Net sales were MXN 8.0 billion, 17.7% higher versus 2021.

•EBIT increased 30.5% to MXN 854 million.

•Consolidated net income was MXN 469 million, 3.1% higher than the previous year.

3Q22% 3Q21 %%change
Net sales7,9611006,76710017.7
Gross profit2,70233.92,38335.213.4
Operation utility85410.76559.730.5
Consolidated net sales4695.94556.73.1
UAFIDA1,17014.788613.132.0
*Figures in millions of MXN*