MEXICO CITY, Oct. 26, 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 third quarter 2015.
Scot Rank, Grupo LALA's CEO, commented: "The Company achieved strong financial results in the third quarter, and continued to make significant investments in projects that will support LALA's sustained profitable growth for the future." He added: "The investments made and the projects we've completed in the first nine months of the year will help strengthen our foundation so we can continue building on our successful business model."
THIRD QUARTER HIGHLIGHTS
- 7.5% increase in Net Sales, reaching 12,176 million pesos
- 180 basis point EBITDA margin increase, closing at 13.9%
- 29.3% increase in Net Income for the second quarter, closing at 976 million pesos
- 6.0% year on year increase in LALA's Milk segment and
- 14.1% increase in Other Dairy Products
To access the full text of this earnings release, please visit our Investor Relations website at:
Grupo LALA will hold its Third Quarter results conference call on Tuesday, October 27, 2015 at 12:00 pm ET/11:00 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), Mexico's healthy and nutritious foods company, has more than 65 years of experience in the production, innovation and marketing of milk, dairy and non-dairy products under the highest quality standards. LALA operates 18 production plants and 165 distribution centers in Mexico and Central America, supported by more than 32,500 employees. LALA operates a fleet of more than 7,300 vehicles to distribute over 600 SKU's to nearly 550,000 points of sale. Grupo LALA's portfolio is led by its two flagship brands: LALA® and Nutri Leche®.
SOURCE Grupo LALA, S.A.B. de C.V.