Grupo Nutresa grew 21,9% in sales and more than 40% come from abroad.29 April, 2016
- • The total sales amounted to COP 2,1 billion, 21,9% more than the figure reported in the same period from the previous year.
• The sales in Colombia reached COP 1,3 billion, 15,6% higher compared to 2015.
• The organic sales in Colombia totaled COP 1,2 billion, continuing with a strong performance, indicating a growth of 9,2%.
• Sales abroad, COP 851.338 million (USD 261,6 million), are 32,4% higher than those registered in the same quarter of 2015, and represent 40,5% of the total, the highest level in the history of Grupo Nutresa.
• The accumulated ebitda of the last twelve months exceeded a billion Colombian pesos for the first time.
• At the end of the first quarter, the ebitda reached COP 280.995 million, 19,6% higher than the previous year and with a margin over sales of 13,4%.
Medellín, April 29, 2016. Grupo Nutresa S.A. (BVC : NUTRESA) reveals its consolidated financial results for March 31, 2016.During the first trimester of 2016, Grupo Nutresa’s sales sum up COP 2,1 billion, with total and organic growth of 21,9% and 17,9% respectively, compared to the same quarter of 2015.In Colombia, the sales continue with an outstanding dynamic and reach COP 1,3 billion, which represents 59,5% of the total and corresponds to an increase of 15,6%.The organic growth in Colombia of a 9,2% comprises a decrease of 0,5% in volumes and an increase of average prices of 10,0%. Taking into account comparable working days of the quarter with those of the previous year, an increase in volumes of 0,8% is remarked. In line with the performance of the previous quarters, Grupo Nutresa increases its weighted market share in Colombia, gaining up to 61,2% at the end of the period, thus proving the competitiveness of our model.Sales abroad, 32,4% higher than those of the previous year, amount to COP 851.338 million and represent 40,5% from the total, the highest level in the history of Grupo Nutresa. Converted in dollars, this equals USD 261,6 million, representing an increase of 0,7%.In terms of profitability, the result is positive, with earnings of COP 280.995 million, 19,6% higher than during the same period of the previous year and a margin over sales of 13,4%. While the higher costs of raw materials, exposed to the devaluation, continue to have an effect on the gross profit, factors such as proper management of prices, the strategy of diversification in markets and categories, product innovation reaching 16,9% of sales, management and production cost control, among others, allow us to continue presenting balanced results in terms of profitability and sales growth.Meanwhile, the operating profit totaled COP 233.287 million, with an operating margin of 11,1% and an increase of 17,4%, added to what was already gained after the first quarter of the previous year, reflecting a good performance of administrative and production expenses, which increased below the Colombian inflation rate.The post-operating net expenses of COP 38.822 million include the higher financial leverage from February 2015 for the acquisition of Grupo El Corral, the increase of the total debt cost due to higher market reference rates, and the effect of the exchange rate due to the devaluation of the Colombian peso. In addition to this, revenue coming from dividends given by the companies of the investment portfolio is accounted (Grupo Sura and Grupo Argos).Finally, the consolidated net income amounts to COP 151.672 million, which represents an increase of 0,5% compared to the previous year.