Record Sales and EBITDA for the Year
For the whole year, sales reached MXN 54.8 billion, a 2.8% increase, and EBITDA was MXN 14.9 billion, both marking all-time records. The EBITDA margin was 27.2% of sales.
Successful Cost Reduction Program
The company achieved MXN 500 million in savings during the quarter and MXN 1.7 billion for the year through sourcing materials improvement and process efficiencies.
Strong Balance Sheet
The company ended the year with a total cash position of MXN 15.6 billion, a net debt-to-EBITDA ratio of 0.8x, and an EBITDA to net interest coverage of 12x.
Consumer Products Growth
Consumer Products volume grew 2.4% year-over-year, with a significant sequential increase of 7.8%.
Expansion Plans
Plans to enter new categories and geographies, alongside a strong innovation pipeline, are expected to increase growth potential.