Third Quarter sales for Grupo Nutresa grow 3,1% in Colombia27 October, 2017
- Sales in Colombia continue to deliver a positive performance, amounting to COP 4,0 trillion, 3,1% higher than revenues for the corresponding term in 2016.
- Sales abroad increased 5,8% in US dollars, totaling USD 797,7 million after excluding, for comparison purposes, the sales over the first nine months of 2016 in Venezuela.
- Accumulated EBITDA amounts to COP 800.218 million, representing 12,5% of total sales.
Medellin, October 27, 2017. Grupo Nutresa S.A. (BVC: NUTRESA) discloses its Consolidated Financial Results as of September 30, 2017.
Third Quarter sales for Grupo Nutresa in Colombia continue to report a positive trend amounting to COP 4,0 trillion, representing 63% of consolidated sales, and growing 3,1% compared to the same period of last year.
Sales abroad, excluding the sales reported in Venezuela for the same period, are USD 797,7 million, representing 37% of total sales, and reporting a 5,8% growth. When expressed in Colombian pesos, these sales are equivalent to COP 2,3 trillion pesos.
Consolidated revenues, after the aforementioned exclusion, amount to COP 6,4 trillion, 2,6% higher compared to same period in 2016. This progress is the result of sales growth in the local market and a solid and sustained growth in international revenues. Innovation sales represent 20,6% of total revenues for the period.
In alignment with the constant efforts to achieve greater efficiency and productivity, gross profit continues to improve, and amounts to COP 2,8 trillion, 3,0% higher than the same period last year.
Operating profit amounts to COP 605.502 million, with an operating margin of 9,5% as a result of an increase in sales expenses associated with greater investment in our distribution channels and savings in our production expenses.
With regard to the profitability, consolidated EBITDA totals COP 800.218 million, representing 12,5%
Net post-operative expenses total COP 187.263 million, 14,8% less than the same term in 2016, due primarily to the treatment of the investment in Venezuela as a financial instrument starting October 1st of such year.
Finally, consolidated net profit amounts to COP 324.258 million, a 3,6% increase, and represents 5,1% of the sales.
Dow Jones Sustainability Index (DJSI) and DJSI MILA Pacific Alliance
For the seventh consecutive year, Grupo Nutresa entered the Dow Jones Sustainability Index and continues to be the only company in the food sector from an emerging market to be part of this global index.
The Organization once again stood out in all the dimensions of sustainability. In the economic dimension, it obtained the maximum score in terms of health and nutrition, materiality, risk and crisis management, and tax management. In the environmental category, Grupo Nutresa received the highest score in environmental reporting and packaging. Finally, in the social dimension, it achieved the highest valuation in Human Rights.
Grupo Nutresa was also included in a new sustainability index in the region, the Dow Jones Sustainability MILA Pacific Alliance Index. This Index focuses on assessing and measuring the performance of the companies in the MILA (Latin American Integrated Market) in terms of corporate sustainability.
Separate financial statements of Grupo Nutresa S.A.
The Separate Financial Statements of Grupo Nutresa S.A. report COP 331.961 million in operating revenues as of the closing of the Third Quarter of 2017, derived from the application of the equity method on subsidiaries and associated companies for COP 277.757 million, and from the recognition of dividends from the investment portfolio totaling COP 54.204 million. The net profit is COP 330.316 million and the equity amounts to COP 8,9 trillion.
The Consolidated and Separate Financial Statements, as of September 30, 2017, as well as the related financial indicators, are an integral part of this release.