Grupo LALA Reports Fourth Quarter and Full Year 2016 Results
Fourth quarter 2016, highlights:
- LALA reached a 14.6% increase in Net Sales, to 14,354 million pesos.
- 11.2% EBITDA margin, 323 basis points below same period last year
- Net Income reached 1.2 billion pesos, +19.8% vs prior year
Full Year 2016, highlights:
- LALA reached an 11.0% increase in Net Sales, to 53,468 million pesos.
- 12.8% EBITDA margin EBITDA increase of 51 million pesos.
- Net Income of 4,200 million pesos for the full year, reaching a 6.3% increase year on year.
MEXICO CITY, Feb. 21, 2017 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., a Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALAB), today reported results for the fourth 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 December 31st, 2016, as compared with the same period in 2015:
P&L |
4rth. Q ´15 |
% Sales |
4rth. Q ´16 |
% Sales |
Var. % |
Net Sales |
$ 12,530 |
100.0% |
$ 14,354 |
100.0% |
14.6% |
Gross Profit |
4,911 |
39.2% |
5,230 |
36.4% |
6.5% |
Operating Income |
1,490 |
11.9% |
1,106 |
7.7% |
(25.8)% |
EBITDA(1) |
1,802 |
14.4% |
1,601 |
11.2% |
(11.1)% |
Net Income(2) |
1,031 |
8.2% |
1,234 |
8.6% |
19.8% |
(1) EBITDA is defined as operating income before depreciation and amortization. |
|||||
(2) Net Income refers to Consolidated Net Income. |
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 year ended December 31st, 2016, as compared with 2015:
P&L |
2015 |
% Ventas |
2016 |
% Ventas |
Var. % |
Net Sales |
$ 48,183 |
100.0% |
$ 53,468 |
100.0% |
11.0% |
Gross Profit |
18,858 |
39.1% |
20,295 |
38.0% |
7.6% |
Operating Income |
5,640 |
11.7% |
5,255 |
9.8% |
(6.8)% |
EBITDA(1) |
6,810 |
14.1% |
6,861 |
12.8% |
0.7% |
Net Income(2) |
3,950 |
8.2% |
4,200 |
7.9% |
6.3% |
(1) EBITDA is defined as operating income before depreciation and amortization. |
|||||
(2) Net Income refers to Consolidated Net Income. |
Message from Management
Scot Rank, Grupo LALA's CEO:
"In the fourth quarter, the Company's profitability in Mexico, showed improvement vs. the third quarter in spite of inflation of input costs. At a consolidated level, results from recently acquired businesses outside of Mexico diluted overall performance. We expect a recovery in these businesses during 2017, and will invest 3.6 billion pesos in productivity and innovation to accelerate growth across the business this year and beyond".
Please click on the following link for a PDF file containing the full text of the press release:
GRUPO LALA REPORTS FOURTH 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 CUARTO 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 22 LALA production plants in operation and 164 distribution centers in Mexico, United States and Central America, and it has more than 33,000 team members. LALA operates a fleet of more than 7,500 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"
Logo - http://photos.prnewswire.com/prnh/20160128/327167LOGO
SOURCE Grupo LALA, S.A.B. de C.V.
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