As of the 3rd quarter of 2020, consolidated sales grow 13,6% and ebitda margin stands at 13,7%

• Consolidated sales as of September 30, 2020, grow by 13,6%, amounting to COP 8,2 trillion. Organic growth stands at 8,8%.
• Innovation-driven sales represent 20,2% of Grupo Nutresa’s total revenues over the term.
• Sales in Colombia amount to COP 4,9 trillion, 8,4% higher than 2019. Organic growth in Colombia reached 5,4%.
• International sales amount to COP 3,3 trillion, an increase of 22,1%. When stated in US dollars, these revenues are USD 894,6 million, a 6,7% increase. International organic growth stands at 14,5% in COP and 0,1% in USD.
• Consolidated EBITDA for the period amounts to COP 1,1 trillion, representing a 12,5% growth over the same period in 2019, with a 13,7% margin on sales.

With a course of action centered on the care, protection and well-being of people, Grupo Nutresa presents its financial results as of September 2020

Within an environment of constant change and volatility, Grupo Nutresa remains committed to caring for people while doing its best to preserve employment across the entire organization.

The implementation of our sustainability capabilities, accompanied by proactiveness, resourcefulness and agility, has enabled us to report a positive financial performance over the period, as disclosed below.

Grupo Nutresa´s Financial Results (BVC: NUTRESA) as of September 30, 2020

As of September of this year, Grupo Nutresa’s sales amount to COP 8,2 trillion, 13,6% higher than those of the same period in 2019. Excluding the acquisitions of Cameron’s Coffee in the United States and Atlantic Food Service in Colombia, organic sales growth reaches 8,8%. Innovation continues to be an important driver of growth for the Organization as innovation-driven sales represent 20,2% of total revenues.

Operating income in Colombia increased by 8,4%, amounting to COP 4,9 trillion, which represents 59,4% of Grupo Nutresa’s consolidated sales. These results are mainly driven by an increase in volumes, which increased by 5,5% over the period. Organic growth in Colombia reached 5,4%.

International sales amounted to COP 3,3 trillion, representing 40,6% of total revenues and with a 22,1% increase over the period. When stated in dollars, this income amounts to USD 894,6 million, representing a growth of 6,7%. Organic growth abroad was 14,5% in COP and 0,1% in USD.

Gross profit, which amounts to COP 3,4 trillion, increased by 7,7%. This growth, which is lower that the increase in revenues for the period, is mainly due to higher commodities prices in some of the countries from our strategic region.

Operating profit amounts to COP 799.919 million, which represents a 12,8% growth for the period. This is a result of internal work focused on expense productivity and efficiency.

In terms of profitability, the Organization reports a consolidated EBITDA of COP 1,1 trillion, with a 12,5% increase and a 13,7% sales margin.

Net post-operative expenses, which amount to COP 134.999 million, decreased 4,4%.

Finally, consolidated net profit amounts to COP 469.467 million, with an increase of 13,8%.

Separate Financial Statements

The Separate Financial Statements of Grupo Nutresa S. A. report COP 476.137 million in operating revenues, from which COP 406.872 million correspond to the profit obtained through the equity method of the investments in food companies and COP 69.265 million correspond to dividends from the investment portfolio. Net profit totaled COP 475.477 million.

The consolidated and separate financial statements, as of September 30 of 2020, as well as the related financial indicators, are an integral part of this release. Available here.