“The price of the stock went from $ 26.05 to $ 36.42 pesos pesos, an increase of 39.81% qoq”.

• GRUMA's net sales increased by 7% at the end of the third quarter of 2012 (3Q12), reaching $16.226 million, and a volume of 1,205 thousand tonnes, 3% above those reported in 3Q11.
• Operating profit increased by38% to reach $ 979million pesosin 3Q12.
• EBITDA grew 26% compared to the same quarter of 2011 to reach $ 1.395 billion pesos.
• The price of the stock went from $ 26.05 to $ 36.42 pesos pesos, an increase of 39.81% qoq.

The Mexican multinational GRUMA S.A.B. de C.V., announced today its results of operations at the end of the third quarter, which highlight that, despite the unfortunate loss of its founder, Roberto González Barrera last August, and the  challenging economic environment worldwide, marked by uncertainty in financial markets, GRUMA continued to increase its sales volume to reach 1,205 thousand tonnes, representing an increase of 3%, thanks to increases achieved mainly by GRUMA Europe and GRUMA USA.

The Net sales also reflect an increase of 7% in 3Q12, when compared to 3Q11, reaching $ 16.226 million, while the previous year stood at $ 15.222 million pesos. Notably, operations outside Mexico contributed 66% of consolidated net sales of the company.

Operating profit of the multinational increased 38% in the reporting period, to reach $ 979 million pesos. Also, GRUMA reported Net Income of $ 401 million, $ 229 million pesos higher than that achieved in the third quarter of 2011, equivalent to 133% more.

In terms Earnings, the Mexican company, world leader in the production and marketing of corn flour and tortillas, reported an increase of 73% from $ 154 million pesos in 2011 to $ 267 million pesos this year. These improvements are a result of improved operating income and better margins.

 Meanwhile, EBITDA grew 26% over the same period of 2011, to reach $ 1.395 billion pesos.

During the year between September 2011 and September 2012, the share price of GRUMA (BMV: GRUMAB) increased from $ 26.05 to $ 36.42 pesos pesos, representing an increase of 39.81%.

Joel Suarez Aldana, Global CEO of GRUMA, noted that the favorable results released today by the multinational, are based on a strategy focused on value creation. 

1) Increased productivity and operational efficiency.

2) Optimizing existing investments.

3) Sustained growth in transaction volume through new channels and products.

4) Boosting synergies between regions and areas of the company.

Also, today the company continues its global consolidation based on diversity of business operations abroad, which amount to 66% of the total market share in commodities and adaptation of our products in the regions where we participate, efficiently serving the needs of our customers and consumers.

According to its growth plans, the multinational investment during the third quarter of 2012 were intended to further capacity expansion and upgrades in plants as well as for the construction of a tortilla plant in Florida USA, which could be completed during the 4th quarter of this year.

Milestones:

ADM stock sale

Gruma yesterday received a communication in which International Airport Group III, Inc. and Corporate PAFCH, SA de CV required authorization to acquire the minority position of which Archer Daniels Midland Company (ADM) currently owns, directly and indirectly, in GRUMA. According to this information, applicants seek to acquire from ADM 23.16% of the issued shares of GRUMA (23.22% of the outstanding shares of GRUMA).

In this regard, the Board of Directors of GRUMA will evaluate the request for authorization of applicants and their origin, in the terms provided in the bylaws of GRUMA, the applicable laws and the rights which correspond to control shareholders of GRUMA.

The 2011 Report of GRUMA is awarded the"ARC Awards"

On September 20, the annual report GRUMA 2011, was awarded theARC Awards (Annual Report Competition) International,with bronze in the Non-English Food & Consumer Packaged Goods, which is has been awarded for over 25 years to the best projects in different areas of communication. TheARC Awards International isone of the biggest events in the world of financial and sustainability reports, which awards outstanding annual reports, taking into account the creativity and complexity of its content and design.

Flat Bread prepared by GRUMA wins the "Best Innovation 2012" in Europe

On September 30 and in the framework of the frozen food INTERCOOL fair held in Dusseldorf, Germany, the new product from Mission, "The Fold", won the "Best Innovation 2012" which is presented by experts in Frozen Foods who, among other things, evaluate the potential of the products, as well as their chances of becoming successful, and how much they meet the needs of customers and consumers. "The Fold" is a flat bread / flat bread Soft, round, pre-folded, it can be used as a substitute for baguettes or bread for sandwiches, both hot and cold.

The new product of GRUMA offers great benefits to consumers and foodservice operators in the old continent.