Grupo LALA Reports Fourth Quarter and Full Year 2014 Results
MEXICO CITY, Feb. 26, 2015 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V. (BMV: LALAB) ("Grupo LALA" or "LALA"), Mexico's leader in healthy and nutritious foods, today announced its unaudited results for the fourth quarter and full year 2014.
Arquimedes Celis, Grupo LALA's CEO, commented: "2014 was a year of macroeconomic volatility, with significant challenges for the consumer sector. However, the innovation and efficiency related strategies that we have in place have enabled us to remain profitable while maintaining LALA's leadership position in the industry." He added: "Looking ahead to 2015, I am confident that our strong management team, product portfolio and execution skills will ensure that we remain Mexico's leader in great tasting and health-conscious products despite today's environment. We remain committed to exploring new and exciting opportunities that will strengthen our position while creating long-term value."
FOURTH QUARTER HIGHLIGHTS
- 4.4% increase in fourth quarter Net Sales closing at 11.6 billion pesos
- Fourth quarter EBITDA reached 1.5 billion pesos with a margin of 12.6% which represents a 20 basis point expansion, year on year
- Net income for the fourth quarter reached 723 million pesos
FULL YEAR HIGHLIGHTS
- 2014 Net sales increased by 4.3% to 45.0 billion pesos
- Full year 2014 EBITDA closed at 5.5 billion pesos with a margin of 12.2%
- 2014 consolidated net income increased 10.4%, or 295 million pesos, to reach 3.1 billion pesos
- CAPEX for the full year 2014 amounted to 3.4 billion pesos, 69% directed towards productivity and growth-related investments with the remaining 31% as maintenance CAPEX
To access the full text of this earnings release, please visit our Investor Relations website at:
http://www.grupolala.com/sites/default/files/inversionistas/LALAGroupEarningsRelease4Q-2014.pdf
Grupo LALA will hold its Fourth Quarter and Full Year 2014 results conference call on Friday, February 27, 2015 at 1:00 pm ET/12:00 pm Central/Mexico City Time. The call can be accessed by dialing: +1-877-705-6003 (North America, toll-free), 01-800-522-0034 (Mexico, toll-free) and +1-201-493-6725 (International, toll).
Registration is required for the call, please dial in at least ten minutes prior to the scheduled start time.
Safe Harbor Statement
This release contains forward-looking statements regarding the Company's results and business prospects. The readers should know that the results obtained may differ from that stated on this release. Past performances do not guarantee the behavior of future performances. The Company undertakes no obligation to update any of these statements, either as a result of new information, future actions or other related events.
About LALA
Grupo LALA, (BMV: LALAB), Mexico's leader in healthy and nutritious foods, has more than 60 years of experience in the production, innovation and marketing of milk and dairy products under the highest quality standards. The Company operates 17 production plants and 161 distribution centers in Mexico and Central America, supported by more than 30,000 employees. Grupo LALA's fleet of 7,300 vehicles distributes its more than 600 products to nearly 500,000 points of sale. LALA's portfolio is led by its two showcase brands: LALA® and Nutri Leche®. For more information, please visit: www.grupolala.com
SOURCE Grupo LALA, S.A.B. de C.V.
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