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Colombia: Grupo Nutresa's Sales Rise in H1

Source: Grupo Nutresa S.A.

29 July 2013 - Grupo Nutresa S.A. and its subordinated companies published their consolidated financial results at June 30, 2013. Excellent profit levels and improved sales are worth noting.

When comparing this first semester of 2013 to the same period in the previous year, we would like to highlight the outstanding level of operational profits. The EBITDA margin climbed from 12.5% to 14.4%. Consolidated EBITDA closed at $375.824 million, which represents a 20.4% growth. These results are based on lower prices for several raw materials, a 4.0% increase in productivity, greater use of installed capacity in production plants, and on the sale of innovative products.

During the first semester of the year, the excellent performance of the operational profit is worth highlighting, reaching $297,843 million pesos, representing in turn a 23,7% increase compared to the same period the year before. In terms of net profit, a 19,9% growth is worth underlining, reaching $176.405 million pesos in the same period.

Consolidated sales were $2 billion 612.576 million, displaying a 4.4% growth. Sales in Colombia were $1 billion 830.869 million, showing an increase of 1.2% compared to the first semester of the previous year, particularly a 3,5% growth in tons and a 2,2% price reduction. International sales of US$ 422.1 million, increase by 9.0% and represent 29.9% of the Group’s total.

Quarterly Results

It is important to emphasize the positive sales dynamics in the Colombian market during the second quarter, with a growth of 3.5% compared to the same period the previous year. In addition, sales overseas during the second quarter have been consolidating a very positive trend, growing 13.8% with respect to the same quarter in 2012.

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