The Mexican conglomerate Sigma Foods, owner of brands such as Campofrío, Navidul, Revilla and Oscar Mayer, reported between January and September a net attributable profit of 4.363 billion Mexican pesos (209.9 million euros), which represents a year-on-year drop of 17.4%.
In this same period, revenue fell by 4.3%, to 127.045 billion pesos (6.111 million euros), while earnings before interest, taxes, depreciation and amortization (Ebitda) contracted by 6.8%, standing at 14.934 billion pesos (718.3 million euros).
As for production, commercialization, administration and other unspecified costs, Sigma Foods recorded a total of 115.823 billion pesos (5.571 million euros), which represents a decrease of 3.9% compared with the same period of the previous fiscal year.
If only the third quarter is analyzed, profit reached 1.504 billion pesos (72.3 million euros) and income totaled 43.015 billion pesos (2.069 million euros), which implies an advance of 7.7% in earnings and a cut of 4.8% in turnover.
"Sigma Foods continued to show solid performance during the third quarter, reaching record levels of volume, revenue and comparable flow, both quarterly and accumulated," summarized chief executive Rodrigo Fernández.
Forecasts and new plant in Valencia
Looking ahead to the coming fiscal years, the company's top executive has projected that comparable flow for the whole of 2026 will stand at around 1.140 billion dollars (1.021 billion euros), that is, some 40 million dollars (35.8 million euros) more than the initial estimates.
In addition, he has anticipated a "favorable environment" for inputs during the first half of 2027 and, as regards the European business, he has highlighted the "important milestone" and "key component" that the opening of a new plant in Valencia will mean for the group's production capacity.