23.10.2017 22:30:00
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Grupo LALA Reports Third Quarter 2017 Results
Third quarter results highlights:
- LALA reached an 9.6% increase in Net Sales, closing at 15,022 million pesos
- 1,864 million pesos EBITDA, 25.7% above the same period last year
- 33.7% increase in Net Income, to reach 1,007 million pesos
MEXICO CITY, Oct. 23, 2017 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., a Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALA), today reported results for the third quarter 2017. 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 September 30th, 2017, as compared with the same period in 2016:
P&L | 3rd. Q ´16 | % Sales | 3rd. Q ´17 | % Sales | Var. % |
Net Sales | $ 13,701 | 100.0% | $ 15,022 | 100.0% | 9.6% |
Gross Profit | 5,055 | 36.9% | 5,754 | 38.3% | 13.8% |
Operating Income | 1,048 | 7.7% | 1,427 | 9.5% | 36.1% |
EBITDA(1) | 1,483 | 10.8% | 1,864 | 12.4% | 25.7% |
Net Income(2) | 753 | 5.5% | 1,007 | 6.7% | 33.7% |
(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:
"2017 has been a year with strong sales performance, productivity improvements, and some challenges in the U.S. dairy market. I remain confident that our business and operational fundamentals are solid, and that Grupo Lala has the capacity to successfully expand our footprint in the Americas".
Please click on the following link for a PDF file containing the full text of the press release:
GRUPO LALA REPORTS THIRD QUARTER 2017 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 TERCER TRIMESTRE 2017
About LALA
Grupo LALA, (BMV: LALA), Mexican company focused on healthy and nutritious foods, has a history of 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 22 production plants and 157 distribution centers in Mexico, United States and Central America, supported by more than 34,000 employees. Grupo LALA's fleet of approximately 6,500 vehicles distributes its more than 600 products to nearly 500,000 points of sale. LALA's portfolio is led by its two main brands: LALA® and Nutri Leche®.
For more information, visit: www.grupolala.com
Grupo LALA trades on the Mexican Stock Exchange under the ticker symbol "LALA"
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View original content:http://www.prnewswire.com/news-releases/grupo-lala-reports-third-quarter-2017-results-300541278.html
SOURCE Grupo LALA, S.A.B. de C.V.
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