Record Sales and EBITDA
Sales for the year reached MXN 54.8 billion, a 2.8% increase, and EBITDA was MXN 14.9 billion, both being all-time records. Net income also hit an all-time record at MXN 7.8 billion.
Strong Performance in Consumer Products
Consumer Products sales grew 3.1% for the quarter, with a volume growth of 2.4% year-over-year and sequential sales increase of 7.8%.
Effective Cost Reduction Program
The cost reduction program yielded approximately MXN 1.7 billion in savings for the year, including MXN 500 million in the fourth quarter alone.
Healthy Financial Position
The company ended the year with a cash position of MXN 15.6 billion and a net debt-to-EBITDA ratio of 0.8x.
Future Growth Plans
Plans to enter new categories and geographies, with expected double-digit growth in certain categories and a high single-digit dividend increase proposed.