Grupo LALA Reports Second Quarter 2014 Results

MEXICO CITY, July 28, 2014 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V. (BMV: LALAB) ("Grupo LALA" or "LALA"), Mexico's leader in healthy and nutritious foods, today announced its unaudited results for the second quarter 2014.

Arquimedes Celis, Grupo LALA's CEO, commented: "The current macroeconomic climate, characterized by slow economic growth and a deceleration in consumption, was an important factor impacting results for the first half of the year. This has also translated into low sales growth, affecting our results and overall profitability." He added: "Our strategy for the second half of the year will therefore be to maintain our focus on innovation and product development, as we continue to strengthen and consolidate LALA's business model, supported by this year's important productivity-related investments and expansion plans."

HIGHLIGHTS

• 4.0% year-on-year increase in Net Sales
• 16.7% year-on-year increase in Net Income, closing at 843 million pesos
• Grupo LALA's Cash, Short-Term Investments and Financial Instruments increased by 8,101.0 million pesos to reach 8,861.6 million pesos as of June 30, 2014
• LALAB added to the MSCI and FTSE indexes, effective June 2, 2014 and June 20, 2014, respectively

To access the full text of this earnings release, please visit our Investor Relations website at:  
http://grupolala.com/sites/default/files/inversionistas/GRUPO_LALA_SAB_DE_CV_EARNINGS_RELEASE_(2Q-2014).pdf

Grupo LALA will hold its second quarter 2014 results conference call on Tuesday, July 29, 2014 at 01:00 pm ET/12:00 pm Central/Mexico City Time. The call can be accessed by dialing: 1-877-407-9039 (North America, toll-free), 01-800-522-0034 (Mexico, toll-free) and 1-201-689-8470 (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. 

About LALA

Grupo LALA, (BMV: LALAB), Mexico's leader in 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.