GRUPO NUTRESA S. A. Grupo Nutresa
Earnings Results 3Q 2023
Highlights
Grupo Nutresa, second best company in terms of Corporate Reputation in
Colombia
Grupo Nutresa was distinguished as the second-best reputed Company in Colombia, according to the MERCO Companies and Business Leaders 2023 Monitor, and is the first within the food sector.
Reputational values assessed:
1. Ethics and Corporate Social Responsibility
2. Economic and financial results
3. Quality of commercial offer
4. Talent
5. International dimension
6. Innovation
Colombia & international sales
3Q 2023
COLOMBIA SALES
COP 2.825,5 6,1%
BILLION COP
+ 4,6% | Q | -9,4% | * | ||||
707,3 | P | 16,2% | |||||
+ 1,5% | + 4,3% | + 4,9% | + 11,5% | ||||
408,4 | 408,3 | ||||||
344,5 | + 6,6% | + 23,2% | 360,9 | ||||
- 0,8% | |||||||
Billion COP | 217,0 | 230,2 | |||||
148,4 | |||||||
Sales per business unit
Percentage variation in volume -Q and prices -P
% chg. YoY Billion COP
- Variation doesn't include Retail Food and Other
Biscuits | Coffee | Cold cuts | Chocolates Retail Food Ice cream | Pasta | Other | ||
Q | - 7,6% | - 12,8% | - 6,6% | - 14,6% | - 6,3% | - 13,4% | |
P | + 9,8% | + 19,6% | + 12,0% | + 22,8% | + 31,5% | + 14,5% |
INTERNATIONAL SALES
USD 455,3 mm | 6,1% |
COP 1.842,8 | -2,1% |
BILLION COP |
+ 22,2% | + 15,6% | |||||
113,3 | 115,5 | - 21,6% | + 15,1% | |||
91,1 | ||||||
76,4 | ||||||
+ 16,6% | % chg. YoY Million dollars | |||||
Dollars | + 15,2% | |||||
9,2 | ||||||
29,2 | - 16,1% | |||||
19,5 | ||||||
Million | ||||||
TMLUC | Biscuits | Coffee | Chocolates | Retail Food | Cold cuts | Other |
3
Total sales | |
3Q 2023 | |
Total sales | Sales per business |
COP 4.668,3 2,7% | |
unit | |
Billion COP | |
+ 4,1% | ||||||||
876,0 | - 15,0% | + 2,8% | + 5,5% | |||||
713,3 | 744,5 | 717,4 | ||||||
COP | + 12,8% | + 10,5% | ||||||
459,2 | + 6,9% | 439,8 | ||||||
Billion | ||||||||
335,4 | + 23,2% | - 1,0% | ||||||
230,3 | ||||||||
152,3 | ||||||||
Biscuits | Coffee | Cold cuts | Chocolates | TMLUC | Retail Food | Ice Cream | Pasta | Other |
% chg. YoY - Billion COP
4
Colombia & international sales
Accumulated 2023
Colombia sales
COP 8.392,9 | 14,7% |
Billion COP |
+ 9,7% | Q | -4,5% | * | |||||
2.116,1 | P | 20,1% | ||||||
+ 11,3% | + 25,5% | + 12,7% | + 16,5% | |||||
1.197,9 | 1.086,7 | 1.197,7 | + 12,0% | + 27,4% | + 14,3% | 1.049,1 | ||
Billion COP | 633,4 | 649,6 | 461,2 | |||||
Sales per business unit
Percentage variation in volume -Q and prices -P
% chg. YoY Billion COP
- Variation doesn't include Retail Food and Other
Biscuits | Coffee | Cold cuts | Chocolates Retail Food Ice cream | Pasta | Other | ||
Q | - 2,6% | - 3,1% | - 7,1% | - 10,2% | - 1,4% | - 2,0% | |
P | + 14,3% | + 29,5% | + 18,0% | + 25,5% | + 29,2% | + 16,7% | |
International sales
USD 1.337,6 mm | 12,8% |
COP 5.893,1 | 21,7% |
Billion COP |
+ 19,0% | + 23,8% | |||||
329,8 | 337,7 | - 5,4% | ||||
286,8 | + 17,6% | |||||
206,1 | % chg. YoY Million dollars | |||||
+ 19,2% | ||||||
Dollars | + 26,0% | |||||
29,2 | ||||||
84,2 | - 15,8% | 60,8 | ||||
Million | ||||||
TMLUC | Biscuits | Coffee | Chocolates | Retail Food | Cold cuts | Other |
5
Total sales
Accumulated 2023
Total sales
COP 14.286,0 17,5%
Billion COP
Sales per business unit
+ 22,5% | ||||||||
2.685,2 | + 11,9% | + 8,4% | ||||||
2.356,7 | + 18,1% | |||||||
2.245,0 | 2.102,8 | |||||||
COP | + 28,6% | + 20,0% | ||||||
1.450,7 | ||||||||
+ 17,6% | 1.317,3 | |||||||
Billion | ||||||||
1.004,0 | + 27,4% | + 13,3% | ||||||
650,0 | ||||||||
474,5 | ||||||||
Biscuits | Coffee | Cold cuts | Chocolates | TMLUC | Retail Food | Ice Cream | Pasta | Other |
% chg. YoY - Billion COP
6
Sales by region
2023
58,7%
Colombia
41,3%
International
Other
1,8%
* Share percentage by region
United States
13,4%
Mexico
4,0%
Dominican Republic and the Caribbean
2,1%
Central America
10,7%
Venezuela
Colombia
58,7%
Ecuador
1,1%
Peru
1,8%
Chile
6,4%
Convention
Cold cuts
Biscuits
Chocolates
Coffee
TMLUC
Ice cream
Pasta
Retail Food
Other
Production
Distribution
Services
7
Raw materials
Grupo Nutresa | Cogs Breakdown | |
Commodities Index -GNCI | 2023 | |
180 | GNCI - Market | ||||||||
160 | |||||||||
140 | |||||||||
120 | 121 | ||||||||
114 | |||||||||
112 | |||||||||
107 | |||||||||
100 | |||||||||
80 | 87 | 87 | 86 | 82 | 81 | ||||
78 | |||||||||
60 | |||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
The technical specifications of the GNCI may be obtained at: https://gruponutresa.com/en/investors/quarterly-results/?yr=2023&tr=3
8
EBITDA | ||||||||||
2Q 2023 | ||||||||||
EBITDA | EBITDA per | |||||||||
COP 507,3 | -4,5% | |||||||||
business unit | ||||||||||
Billion COP | 9,8% | 11,8% | ||||||||
EBITDA Margin | - 26,5% | + 73,7% | 9,8% | 21,3% | ||||||
85,9 | 84,1 | |||||||||
+ 13,3% | ||||||||||
10,9% | - 26,8% | |||||||||
12,9% | ||||||||||
6,9% | 70,2 | + 23,4% | 71,4 | 22,9% | ||||||
- 41,9% | 59,1 | + 88,7% | ||||||||
COP | 51,6 | 52,8 | 6,2% | |||||||
- 2,7% | ||||||||||
Billion | ||||||||||
3,2% | 27,4 | |||||||||
- 64,7% | ||||||||||
4,9 | ||||||||||
Biscuits | Coffee | Cold cuts | Chocolates | TMLUC | Retail Food | Ice Cream | Pasta | Other | ||
Convention |
9,8% | EBITDA Margin | |
-26,5% | % YoY variation | |
85,9 | EBITDA in Billion COP | 9 |
EBITDA
Accumulated 2023
EBITDA | EBITDA per | |||||||||
COP 1.693,2 | 14,3% | |||||||||
business unit | ||||||||||
Billion COP | 12,7% | |||||||||
+ 28,8% | ||||||||||
EBITDA Margin | 341,7 | 10,6% | 13,1% | |||||||
11,9% | + 4,2% | |||||||||
+ 54,8% | ||||||||||
8,7% | 274,4 | 20,4% | ||||||||
249,0 | ||||||||||
- 17,3% | 11,3% | + 18,3% | ||||||||
COP | 195,7 | + 11,0% | 204,3 | 19,8% | ||||||
+ 48,3% | 7,1% | |||||||||
163,5 | ||||||||||
Billion | + 2,8% | |||||||||
128,6 | 9,0% | |||||||||
- 25,8% | 93,2 | |||||||||
42,9 | ||||||||||
Biscuits | Coffee | Cold cuts | Chocolates | TMLUC | Retail Food | Ice Cream | Pasta | Other | ||
Convention |
14,1% | EBITDA Margin | |
+72,4% | % YoY variation | |
255,7 | EBITDA in Billion COP | 10 |
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Disclaimer
Grupo Nutresa SA published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 19:51:10 UTC.
