MEXICO CITY, April 28, 2015 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V. (BMV: LALAB) ("Grupo LALA" or "LALA"), The Mexican Company focused in healthy and nutritious foods, today reported results for the first quarter 2015. The following information has been presented based on International Financial Reporting Standards (IFRS) and in nominal terms.
Scot Rank, Grupo LALA's CEO, commented: "We had a strong start to 2015, with continued positive momentum. While first quarter revenues increased below our expectations and potential, LALA's profitability improved due to increased productivity at our manufacturing plants, improved logistics and production efficiencies, as well as tight cost control across the organization." He added: "The consumer demand has been slow to recover and we've maintained a positive outlook for the future based on our ability to capitalize on the many opportunities we're seeing at our company and within the industry."
FIRST QUARTER HIGHLIGHTS
- 4.7% year on year increase in first quarter Net Sales, closing at 11,630 million pesos
- 240 basis point EBITDA margin expansion, closing at 14.1%
- 18.6% increase in Net Income, closing at 944 million pesos
To access the full text of this earnings release, please visit our Investor Relations website at:
Grupo LALA will hold its First Quarter 2015 results conference call on Wednesday, April 29, 2015 at 11:00 am ET/10:00 am 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.
Grupo LALA, (BMV: LALAB), Mexican Company focused in healthy and nutritious foods, has more than 65 years of experience in the production, innovation and marketing of milk and dairy products under the highest quality standards. The Company operates 18 production plants and 165 distribution centers in Mexico and Central America, supported by more than 32,500 employees. Grupo LALA's fleet of approximately 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
Grupo LALA trades on the Mexican Stock Exchange under the ticker "LALA B"
SOURCE Grupo LALA, S.A.B. de C.V.