Grupo Nutresa (NUTRESA) Q4 2024 earnings summary

Executive summary

• Total sales for Q4 2024 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 18.59 trillion, a decrease of 1.7% compared to 2023, reflecting challenging market conditions.

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

• Net income attributable to controlling interests for Q4 2024 was COP 173.7 billion, a 36% increase year-over-year.

Financial highlights

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

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

• Full-year EBITDA reached COP 2.37 trillion, up 7.8% from 2023, with a margin of 12.8%.

• Net income for 2024 was COP 765.4 billion, up 3.5% 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.