February 3

GRUMA MAINTAINS FINANCIAL STRENGTH AND GOOD EXPECTATIONS FOR 2022: ANALYSTS. (MILENIO ONLINE 0) (SDP NOTICIAS.COM ONLINE 0)

One of the true measures of corporate results must be carried out by comparing the figures for 2021 with those of 2019 since 2020 was an atypical year. A few days before announcing its financial results, Mexican company Gruma has a favorable business outlook for the end of its fourth quarter of 2021 and the full year of 2022. According to Grupo Financiero Monex, the earnings announced by the world leader in the production of nixtamalized corn flour, tortillas, and wraps, are expected to grow 6.2% in Q4 2021 from the year-ago quarter to MXN 1.499 billion.

February 11

PREVIEW - GRUMA 4T21 (BX+ ANALYSIS AND STRATEGY)

Positive Results – We expect a positive report driven by enhanced sales performance in its primary markets, offsetting the pressure on its costs. We forecast revenue growth of 8.4%, with 4.9% EBITDA growth and a 7.6% increase in net income year-over-year. United States – Gruma Corp would announce 5.1% growth in income year-over-year due to improved volume performance and higher prices, coupled with a slight dollar appreciation in the quarter. We expect to see improved performance in the institutional channel, driven by the opening of restaurants and entertainment activities.Gruma is to report Q4 2021 results at market close on February 23.

February 13

NUTRITIONAL CODE: NIXTAMALIZATION AND NUTRIENTS ADDED TO TORTILLAS. (EXCÉLSIOR ONLINE 0) (SDP NOTICIAS.COM ONLINE 0)

The tortilla is recognized worldwide for its nutritional benefits that come primarily from the corn’s cooking nixtamalization process; however, companies like Grupo Maseca (Gruma) have increased their nutrients by adding vitamins and minerals to their nixtamalized flours to contribute to the health of people consuming the product. Since its inception in 1949, Gruma subsidiary Maseca has maintained this age-old process producing countless health benefits.Gruma is the world leader in producing nixtamalized corn flour, tortillas, and wraps. As a world-class company with a presence in more than 120 countries,Gruma and its subsidiaries have implemented innovations in their nixtamalization processes and the nutritional fortification of their corn flour by adding vitamins, minerals, iron, and folic acid.

February 16

GENERAL RANKING / MOST RESPONSIBLE COMPANIES MERCO 2021. (MUNDO EJECUTIVO 53)

Mundo Ejecutivo magazine publishes the Merco 2021 Most Responsible Companies ranking: Gruma ranks 99 with a 3,044 score.

February 19

ANALYSTS FORECAST POSITIVE RESULTS FOR GRUMA IN THE FOURTH QUARTER OF 2021. (MILENIO ONLINE ) (SDP NOTICIAS.COM ONLINE ) 

The strong performance of Gruma sales, despite the economic pressures caused by the COVID-19 pandemic, has generated strong expectations for the company’s fourth-quarter 2021 results. In the coming days, financial analysts will be able to confirm their estimates when the world leader in the production of nixtamalized corn flour, tortillas, and wraps publishes its income statement for last year’s fourth quarter, with positive sales figures, especially in the United States and Europe. Gruma is expected to announce a positive performance in these markets given the appreciation of the U.S. Dollar against the Mexican peso since close to 70% of the company’s revenues is reported in U.S. Dollars, said Gabriela Siller, director of economic and financial analysis at BancoBase.

February 23

MASECA PLANS TO MODERNIZE ITS PLANT IN ALTAMIRA, WHICH IS WHY IT IS TEARING DOWN THE OLD FACTORY. (MILENIO ONLINE )

Grupo Maseca will modernize its grain warehouse installed in its plant in Altamira after demolishing its 50-year-old facilities. The official work started a couple of weeks ago and will involve workers from the petrochemical sector during the next few months. This is a corn milling plant. The grains pass through huge mills that transform them into dough, pulverize them into flour, and pack them into 20- and 10-kilo sacks. It will be one of the private sector’s first projects implemented in the area over the next few months.

February 24

THE UNITED STATES, EUROPE, ASIA AND OCEANIA DRIVE GRUMA SALES IN 4TH QUARTER 2021. (EL NORTE 13)

Thanks to its solid business strategy and innovation in its global food production processes, as well as growing demand for its products in the countries and regions where it is present, Gruma reported 17% net sales growth in Q4 2021 from the year-ago quarter, with 32% growth over the same quarter in 2019. The company’s EBITDA grew 5% in the period mentioned above over the year-ago quarter and reported 29% growth over the same period in 2019. In the United States, the company’s main market outside of Mexico, it noted that the strict disciplinary measures it applied to costs and expenses led to a 15% increase in net sales, 23% growth in operating profit, and an 18% higher EBITDA margin. According to the 4th quarter 2021 report Gruma sent to the Mexican Stock Exchange (BMV), the company’s strong drive behind its products generated significant growth in Europe, Asia and Oceania.

FIVE PERCENT GROWTH IN GRUMA CASH FLOW. (EL NORTE 9) (EL HORIZONTE 22) (REFORMA 5) (REFORMA 3) (EXCÉLSIOR 1-2) (EL HERALDO DE MÉXICO 23) (EL FINANCIERO 19).

The rising position of tortillas and corn products Gruma makes in different regions across the globe allowed the company to report MXN 4.105 billion in operating cash flow (EBITDA) in Q4 2021, to stand 5% above the same period in 2020. The company noted that 81% of its EBITDA came from its operations outside of Mexico, particularly the United States, where it obtained 66%. The largest global tortilla producer maintained its sales volume stable at 1,081 tons, despite the 4% contraction reported in Mexico and the 3% contraction reported in Central America, thanks to increases in the other regions in which it operates. In terms of value, its sales were up 17% to stand at MXN 25.718 billion due to the price increase applied to its product portfolio, the improved positioning of its line of healthy products, the economic reopening of certain lines of business that had been subject to restrictions, and the progress made in various segments and markets such as Asia and Oceania.

ENRIQUE GALVÁN OCHOA / MONEY. (LA JORNADA 8) (LA JORNADA ONLINE)

The tortilla business. Gross profits reported by Gruma,the main tortilla maker, in Q4 2021 stood at MXN 9.186 billion, 14% higher than the same period in 2020, with MXN 1.814 billion in net earnings.Gruma announced it would report its financial statements to the Mexican Stock Exchange in U.S. Dollars as of Q1 2022. This change is based on the company’s current composition of revenues and profits, which are largely linked to exports.

MAURICIO FLORES / PEOPLE BEHIND THE MONEY. (LA RAZÓN 16) (LA RAZÓN DE MÉXICO ONLINE )

Gruma reports an increase in flour sales, and the company led by Juan González broke the barrier the COVID-19 pandemic imposed on consumers: in Q4 2021, its total sales were up 17%, especially due to the boost in the U.S., European and Asian markets. The international market represents 74% of Gruma sales, but even so, the domestic market held its own last year, despite inflationary pressures, resulting in MXN 1.814 billion in net quarterly earnings.

GUADALUPE ROMERO / REVENUE CODE. (CONTRARÉPLICA 13) (DIARIO CONTRARÉPLICA ONLINE )

They are gaining ground in foreign palates. Gruma,another Mexican company that quietly continues to grow at a steady pace at its discretion, announced positive and transparent numbers in its financial results. Its Q4 2021 report is still warm and almost smells of tortillas from the hundreds of production lines it operates uninterruptedly across the globe. It informed its shareholders that the price increase in the United States and the strict disciplinary measures it applied to costs and expenses drove its global 5% growth in EBITDA (before taxes and others) in Q4 2021 compared to the same period in 2020 and 29% compared to the same period in 2019. The company reported 17% and 9% sales volume increases in Q4 2021 in Europe, Asia, and Oceania compared to the same period in 2020.

MASECA GROUP CLOSES THE YEAR WITH A 17% GROWTH IN SALES.(IMAGEN NOTICIAS CON FRANCISCO ZEA)

Grupo MASECA closed Q4 2021 with an average increase of 17% in sales, above MXN 25 billion. The company highlighted the solid growth of its operations with a 32% increase in Europe, a 15% growth in the United States, and a 14% increase in Mexico. Gruma highlights in a report that its profitability indicator increased by 5% to MXN 4.105 billion. Its earnings in Q4 2021 were up 29% at MXN 1.814 billion.

February 25

ROGELIO VARELA / CORPORATE. (EL HERALDO DE MÉXICO 19)

The money route. A company that again surprised the stock market with its strong numbers at the end of 2021 was Gruma,led by Juan González. The corn flour and tortilla giant reported 17% growth in sales and 19% growth in operating profit, in addition to consolidating itself as a global company as the wind blew in its favor in the markets in the United States, Europe, Asia, and Oceania. This position has ledGrumato decide to deliver its financial results in U.S. dollars as of Q1 2022. The change is due to the current composition of its revenues and profits, which are mostly in hard currency and will make it easier for analysts to compare Gruma to global companies in the food and beverage sector.

ROBERTO AGUILAR / CORPORATE MOMENT. (EL SOL DE MÉXICO 17)

Sound report. National and foreign analysts agreed that Gruma, led by Juan González Moreno,presented great end-of-year results beating forecasts despite the inflationary pressures that the company cushioned with various initiatives, including an increase in prices. Going forward, stock market specialists believe that Gruma could maintain a similar dynamic, combining the economic recovery and the company’s positioning, although they will keep a close watch on the behavior of raw materials.

ALFREDO HUERTA / FINANCE 24 AND BUSINESS. (24 HORAS 17)

Gruma, S.A.B. de C.V., a world leader in the production of tortillas and corn flour, led by Juan González Moreno,published its Q4 2021 financial report beating expectations. Highlights include an annual 17% growth in sales with MXN 25.718 billion... Revenues in Europe were up 32%, with 15% growth in the U.S., a 12% increase in Asia/Oceania, 10% growth in Central America, and a 14% increase in Mexico. The increase in its prices in the United States and the disciplinary measures applied to its costs and expenses boosted EBITDA 5.0% annually to MXN 4.105 billion. Net income was up 29% at MXN 1.814 billion, but debt rose 3% to MXN 31.24 billion due to the weakness of the Mexican peso against the U.S. Dollar.

GRUMA SALES UP(IMAGEN INFORMATIVA (MATUTINO) (IMAGEN INFORMATIVA (NOCTURNO) (NEGOCIOS EN IMAGEN)

Pascal Beltrán: During the fourth quarter of the year, Gruma sales were up 17% at MXN 25.718 billion, while EBITDA, a profitability indicator for companies, was up 5% at MXN 4.105 billion, and profits grew 29% to MXN 1.814 billion. The company noted that it maintains a solid operating performance and a growth trend mainly in its operations outside of Mexico, thanks to strong demand, especially for its healthy line of products.

GRUMA TO INVEST MORE THAN USD 300 MILLION. (EL FINANCIERO 31) (MILENIO)  (TELEDIARIO) (INFOBAE) (REPORTE INDIGO)

Gruma CFO Raúl Cavazos informed investors that the flour and tortilla producer would invest more than USD 300 million in CapEx this year. He also announced the company’s growth forecast for its cash flow volumes from its operations in the United States, Europe, Asia and Oceania. The company also reported that it suspended operations at its Ukraine plant due to the Russian military intervention. “Since the port of Odesa was closed this morning, we decided to close the plant and move our products to other countries,” he said. The company reported 17% annual growth at MXN 25.718 billion.

February 28

THE ACCOUNTANT. (EXCÉLSIOR 3)

Gruma, led by Juan González Moreno, has decided to present this year’s financial reports to the Mexican Stock Exchange, led by José-Oriol Bosch, in U.S. dollars, with the approval of its Board. The change will be made due to the composition of Gruma’s revenues and profits from operations outside of Mexico, especially in the United States, facilitating the analysis of its results and allowing for easier comparison with other companies in the food and beverage industry. In the fourth quarter of last year, 75% of Gruma’s revenues came from abroad.

BIMBO AND GRUMA SUSPEND THEIR OPERATIONS IN UKRAINE. (EL FINANCIERO 23) (EL FINANCIERO 18) (EL ECONOMISTA 36) (REFORMA 3) (LA JORNADA 22) (PUBLIMETRO ONLINE (MÉXICO)) (OPINIÓN SONORA.COM ONLINE ) (EL HORIZONTE ONLINE (NUEVO LEÓN)) (EXCÉLSIOR ONLINE) (LA RAZÓN DE MÉXICO ONLINE) (INFOBAE ONLINE (ARGENTINA)) (REPORTE ÍNDIGO ONLINE) (ARISTEGUI NOTICIAS ONLINE) (RADIO FORMULA) (EJE CENTRAL ONLINE) (EL DEMÓCRATA ONLINE (VERACRUZ)) (EL SOL DE MÉXICO ONLINE) (EL SOL DE TOLUCA) (LA NACIÓN ONLINE (ARGENTINA)) (MSN ONLINE ) (REUTERS ONLINE (ESTADOS UNIDOS)) (LA POLÍTICA ONLINE) (LATINUS ONLINE (ESTADOS UNIDOS)) (EXPANSIÓN.MX ONLINE) (FORBES MÉXICO ONLINE) (LA RAZÓN DE MÉXICO ONLINE) (SDP NOTICIAS.COM ONLINE ) (PACO ZEA ONLINE ) (FORTUNA Y PODER MARCO MARES ONLINE ) (NVI NOTICIAS ONLINE (OAXACA) ) (EL HERALDO DE LEÓN ONLINE (GUANAJUATO) )

Grupo Bimbo joined Gruma’s decision to temporarily suspend its operations at its plants in Ukraine because of the war with Russia. Along the same lines, last Thursday, Gruma confirmed that it would stop operations in Ukraine due to the military attacks that the Russian government began last Wednesday. Multinational Gruma told El Financiero, “Since the Port of Odesa was closed this morning (Thursday), we decided to stop our plant operations and move our products to other countries.”