Grupo LALA Reports First Quarter 2016 Results
- LALA reached an 7.6% increase in Net Sales closing at 12,509 million pesos.
- Margin EBITDA expansion of 100bps, closing at 15.1%.
- Net Income of 1,111 million pesos for the quarter, reaching a 17.8% increase year on year.
Apr 25, 2016, 04:09 ET
MEXICO CITY, April 25, 2016 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., the Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALAB), today reported results for the first quarter 2016. The following information has been presented based on International Financial Reporting Standards (IFRS) and in nominal terms.
The following chart provides an abridged Income Statement, in millions of pesos. The margin for each figure represents its ratio to net sales and the percentage change from the quarter ended March 31, 2016, as compared with the same period in 2015:
| P&L |
1st. Q ´15 |
% Sales |
1st. Q ´16 |
% Sales |
Var. % |
| Net Sales |
$ 11,630 |
100.0% |
$ 12,509 |
100.0% |
7.6% |
| Gross Profit |
4,532 |
39.0% |
4,960 |
39.7% |
9.5% |
| Operating Income |
1,366 |
11.7% |
1,557 |
12.4% |
14.0% |
| EBITDA(1) |
1,641 |
14.1% |
1,889 |
15.1% |
15.1% |
| Net Income(2) |
944 |
8.1% |
1,111 |
8.9% |
17.8% |
| (1) EBITDA is defined as operating income before depreciation and amortization. |
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| (2) Net Income refers to Consolidated Net Income. |
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Message from Management
Scot Rank, Grupo LALA´s CEO:
"With the results achieved during the first quarter of 2016, we insist on being enthusiastic about the opportunities for growth and expansion that LALA has, by always seeking to align the Company strategy with consumer trends towards healthier food habits".
Please click on the following link for a PDF file containing the full text of the press release:
GRUPO LALA REPORTS FIRST QUARTER 2016 RESULTS
Please click on the following link for a PDF file containing the full text of the press release in Spanish: GRUPO LALA REPORTA RESULTADOS DEL PRIMER TRIMESTRE 2016
About LALA
Grupo LALA, a Mexican company focused on healthy and nutritious food, has over 65 years of experience in producing, revitalizing and marketing milk, dairy products and drinks with the highest quality standards. There are 19 LALA production plants in operation and 166 distribution centers in Mexico and Central America, and it has more than 33,000 team members. LALA operates a fleet of more than 7,000 vehicles to distribute their 600+ products, which are delivered to over 550,000 points of sale. LALA´s portfolio it´s led by its two flagship brands LALA® and Nutri Leche®.
For more information, visit: www.grupolala.com
Grupo LALA is listed on the Mexican Stock Exchange under the ticker symbol "LALA B"
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SOURCE Grupo LALA, S.A.B. de C.V.