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Optimism of Colombian companies in the last leg of 2020

Several entrepreneurs express an optimistic view of the 2020 auction, explaining their business prospects for the remainder of the year, based on their business results at the end of the third quarter of the year compared to the pace their businesses brought in previous months.

The last Andi Joint Industrial Opinion Survey notes that in September 2020, 65.2% of entrepreneurs rate their organization’s current situation as good. According to the survey, “the percentage of companies forecasting a better situation in the immediate future was reported in September 2020 by 48.3%.”

One of the companies with favorable results is Grupo Nutresa. According to their balance sheet, at the end of the third quarter of the year, sales amounted to $8.2 trillion, 13.6% more than in the same period of 2019.

Operating income in Colombia grew 8.4% and covered $4.9 trillion. Consolidated net income amounted to $469,467 million, 13.8% more than in the same period of 2019.

By the end of 2020, the Financial Report emphasized, Grupo planned to continue with sustained volume-level dynamics, however, less than that observed at the beginning of the year (effect of food accumulation by families at the start of the pandemic.

A similar analysis estimates Colombia, explaining that the closing of 2020 looks favorable. “The Organization continues to develop its business strategies with optimism, mainly because of the effect of the fourth quarter seasons that have historically reported the best results.”

Its consolidated net income was $1.4 trillion, decreasing by only 1% compared to the same period last year. In the local market, turnover was $873.64 billion with a 1% increase.

Similarly, Alpina’s report indicates that for the first nine months of the year net sales were $1.48 trillion, with an increase of 1.4% compared to the same period in 2019. “This result reflects the company’s efforts to adapt and respond flexibly to the challenges of the environment,” the balance sheet says.

For its part, Grupo Éxito, the largest in retail, noted that thanks to the innovation and acceleration of virtual channels and the direct attention of customers in their homes, its performance surpassed the sector. In the third quarter, it sold $2.67 trillion and amassed $30.31 trillion as of September, with growth of 4.9%.

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