Grupo LALA Reports Third Quarter 2016 Results
LALA reached a 12.5% increase in Net Sales closing at 13,701 million pesos.
Margin EBITDA contraction of 310bps, closing at 10.8%.
Launching of "Nutri Leche® Panela" cheese, a value-added product for emerging consumer.
MEXICO CITY, Oct. 24, 2016 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., a Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALA B), today reported results for the third quarter 2016. 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 30, 2016, as compared with the same period in 2015:
| P&L |
3rd. Q ´15 |
% Sales |
3rd. Q ´16 |
% Sales |
Var. % |
| Net Sales |
$ 12,176 |
100.0% |
$ 13,701 |
100.0% |
12.5% |
| Gross Profit |
4,714 |
38.7% |
5,055 |
36.9% |
7.2% |
| Operating Income |
1,404 |
11.5% |
1,048 |
7.7% |
(25.3)% |
| EBITDA(1) |
1,695 |
13.9% |
1,483 |
10.8% |
(12.5)% |
| Net Income(2) |
976 |
8.0% |
753 |
5.5% |
(22.8)% |
| (1) EBITDA is defined as operating income before depreciation and amortization. |
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| (2) Net Income refers to Consolidated Net Income. |
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Message from Management
Scot Rank, Grupo LALA´s CEO:
"2016 has been a year with a strong sales performance, in addition to important challenges resulting from our exposure to exchange rate fluctuations. I remain confident that our business and operational fundamentals are solid, and will enable us to maintain a sustainable and profitable growth".
Please click on the following link for a PDF file containing the full text of the press release: GRUPO LALA EARNINGS RELEASE 3Q-2016
Please click on the following link for a PDF file containing the full text of the press release in Spanish: COMUNICADO DE RESULTADOS GRUPO LALA 3Q-2016
About LALA
Grupo LALA, a Mexican company focused on healthy and nutritious food, has over 65 years of experience in producing, revitalizing and marketing milk, dairy products and drinks with the highest quality standards. There are 22 LALA production plants in operation and 166 distribution centers in Mexico and Central America, and it has more than 33,000 team members. LALA operates a fleet of more than 7,500 vehicles to distribute their 600+ products, which are delivered to over 550,000 points of sale. LALA´s portfolio it´s led by its two flagship brands LALA® and Nutri Leche®.
For more information, visit: www.grupolala.com
Grupo LALA is listed on the Mexican Stock Exchange under the ticker symbol "LALA B"
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SOURCE GRUPO LALA
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