MEXICO CITY, July 28, 2015 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V. (BMV: LALAB) ("Grupo LALA" or "LALA"), the Mexican Company focused on healthy and nutritious foods, today announced its unaudited results for the second quarter 2015.
Scot Rank, Grupo LALA's CEO, commented: "Our plans to accelerate sales are on track and second quarter 2015 reflected the highest sales increase since the third quarter of 2013. This strong growth, combined with gross margin expansion, resulted in a very strong quarterly profit." He added: "I am encouraged by our team's success in the second quarter and believe that we are laying the foundations to deliver strong results for the full year."
SECOND QUARTER HIGHLIGHTS
- 8.0% increase in second quarter Net Sales, closing at 11,847 billion pesos
- 190 basis point EBITDA margin increase, closing at 14.1%
- 18.6% increase in Net Income for the second quarter, closing at 999 million pesos
- 26.6% increase in Operating Income
To access the full text of this earnings release, please visit our Investor Relations website at:
Grupo LALA will hold its Second Quarter results conference call on Wednesday, July 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)
+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), the Mexican company focused on 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.