MEXICO CITY, April 28, 2014 /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 first quarter 2014.
Arquimedes Celis, Grupo LALA's CEO, commented: "The first part of the year was characterized by moderate consumer demand and a challenging macroeconomic environment, both of which impacted this quarter's results. However, Grupo LALA continued to make progress related to important growth initiatives, supported by our successful business model and innovative products." He added: "We therefore, remain committed to growth and productivity-related investments, evidence of which, is the one hundred million dollar investment we recently announced to increase milk and cheese capacity at our Torreon and Irapuato plants, respectively, which allows us to expand our presence in these key categories in which we participate while solidifying our leadership position."
- 6.7% year-on-year increase in net sales
- 7.5% year-on-year increase in EBITDA, closing at 1.3 billion pesos
- 69.8% increase in net income, reaching 796 million pesos
- First quarter gross profit increased by 8.8%, with a 36.0% gross margin
- LALAB added to the IPC SmallCap and IRT SmallCap indexes, effective April 2014
To access the full text of this earnings release, please visit our Investor Relations website at:
Grupo LALA will hold its first quarter 2014 results conference call on Tuesday, April 29, 2014 at 01:00 pm ET/12:00 pm Central/Mexico City Time. The call can be accessed by dialing: 1-877-407-9039 (North America, toll-free), 01-800-522-0034 (Mexico, toll-free) and 1-201-689-8470 (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.
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.