Gruma: reports fourth quarter 2021 financial results

San Pedro Garza García / MX. (gr) «With a view of what lies ahead, we are prepared to take advantage of all the opportunities we see in 2022 after meaningful improvements in profitability, driven by increased prices across all our product lines, achieving increased prices across all our Ebitda per ton growth of 26 percent since 2019,» Mexico’s Gruma S.A.B. de C.V. said in its statement for the fourth quarter 2021 financial results. Sales volume remained flat at 1,081 thousand metric tons compared to 4Q-2020. Net sales increased 17 percent to MXN 25,718 million. Operating income grew by 19 percent to MXN 3,124 million. Operating margin increased 10 basis points to 12.1 percent from 12.0 percent. Ebitda increased 5 percent to MXN 4,105 million, and Ebitda margin decreased 180 basis points to 16.0 percent.

For additional information please read the company’s PDF file below (417 KB):