Grupo Nutresa (NUTRESA) Q4 2024 earnings summary

Executive summary

• Q4 2024 sales reached COP 5.07 trillion, up 9.8% year-over-year, with international sales growing 7.5% in USD terms and Colombian sales up 6.6%.

• Full-year 2024 sales were COP 18.6 trillion, with some sources noting a 1.7% decrease and others a 1.7% increase year-over-year, reflecting mixed market conditions.

• EBITDA for Q4 2024 was COP 583.4 billion, up 14.4% year-over-year, with a margin of 11.5%.

• Full-year EBITDA reached COP 2.4 trillion, up 7.8% from 2023, with a margin of 12.8%.

• Net income attributable to controlling interests for Q4 2024 was COP 173.7 billion, a 36% increase year-over-year; full-year net profit attributable to controlling interest was COP 751,281 million, up 4.3%.

Financial highlights

• Q4 2024 gross profit rose 6.6% year-over-year to COP 2.0 trillion, with a gross margin of 39.5%.

• Full-year gross profit rose 3.1% to COP 7.6 trillion, with a 190 basis point margin expansion.

• Operating income for Q4 2024 increased 13% year-over-year to COP 445.9 billion.

• Full-year operating profit increased 6.5% to COP 1.84 trillion, with a 9.9% margin.

• Financial expenses dropped 8.0% year-over-year.

Outlook and guidance

• Management notes ongoing volatility in commodity prices and foreign exchange rates, impacting cost structures.

• Focus remains on operational efficiency and margin protection amid challenging demand.

• Share price on the Colombian stock market increased 72.5% over the year, closing at COP 79,000 per share.