MEXICO CITY, Oct. 27, 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 third quarter 2014.
Arquimedes Celis, Grupo LALA's CEO, commented: "A sluggish economy in the first nine months of the year resulted in a challenging consumer environment. While reduced demand has impacted our Company's growth, LALA remains focused on the future ahead. Throughout the year, we have implemented different strategies related to growth, innovation and operational efficiencies that will help us to weather the current environment and achieve our medium and long-term objectives."
HIGHLIGHTS
- 227.4 million peso year-on-year increase in Net Sales, closing at 11,328.7 million pesos.
- EBITDA increased by 0.6%, to 1,365.8 million pesos, as compared to 1,358.3 million pesos for the same period in 2013.
- The Company invested 2,018.6 million pesos in CAPEX between January and September of 2014, 77.1% of which was earmarked for organic growth and the remaining 22.9% for maintenance CAPEX.
- LALAB added to the Mexican Bolsa IPC Index with a ranking at 28/35 for the 2014-2015 period.
To access the full text of this earnings release, please visit our Investor Relations website at:
http://www.grupolala.com/sites/default/files/inversionistas/LALAGroupEarningsRelease3Q-2014.pdf
Grupo LALA will hold its third quarter 2014 results conference call on Tuesday, October 28, 2014 at 02:00pm ET/12:00pm 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) and +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.
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 160 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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grupo-lala-reports-third-quarter-2014-results-494057494.html
SOURCE Grupo LALA, S.A.B. de C.V.
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