Q4 2024 Betterware de Mexico SAPI de CV Earnings Call Transcript
Key Points
- Betterware de Mexico SAPI de CV (BWMX) achieved double-digit revenue growth of 11.1% in Q4 2024, driven by a 22.2% increase in Jafra Mexico's performance.
- The company demonstrated resilience with Betterware Mexico growing for the fifth consecutive quarter, exceeding last year's results by 1.5%.
- Jafra Mexico's EBITDA increased by 15.4%, contributing to the overall financial strength of the company.
- Betterware de Mexico SAPI de CV (BWMX) has a strong historical CAGR of 18% in revenue and 19% in EBITDA over the past 23 years.
- The company is strategically positioned for future growth with plans for international expansion into Latin America and a focus on sustainability and innovation.
- Consolidated EBITDA was slightly below the low end of the guidance range due to unexpected challenges in Mexico's international supply chain.
- The company faced headwinds from sharp Mexican peso depreciation, increased trade prices, and growing product import duties.
- Jafra US experienced a 17.6% revenue decrease in US dollars, mainly due to adoption difficulties with Shopify Plus.
- Consolidated adjusted EBITDA declined by 5.8% with a 367-basis points margin contraction, primarily due to Japan Mexico's EBITDA decline.
- Cash flow declined by 21.6% for the year, driven by an extraordinary cash inflow in 2023 that was not repeated in 2024.
Thank you and welcome to BFRA's Fourth quarter 2024 Earnings Conference Call.
Speaking on today's call are BFRA's Chief Executive Chairman Luis Campos, Chief Executive Officer Andres Campos, and Chief Financial Officer Alejandro Ulloa.
Before we begin the remarks, the company would like to remind you that today's call will include forward-looking statements which are subject to various risks and uncertainties that could cause actual results that differ materially from those expectations.
Any such statements should be considered in conjunction with the cautionary statements and the Safe Harbor statement in the Earnings Release issued yesterday, and risk factors discussed in reports filed with the SEC.
Fair assumes no obligation to update any of these forward-looking statements or information. A reconciliation and of and other information regarding non-gap financial measures discussed on today's call can also be found in the Earnings Release, as well as in the investors section of the company's website.
Now they send a conference over to the company's Chairman
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