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Grupo LALA Reports Second Quarter 2018 Results

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Grupo LALA Reports Second Quarter 2018 Results

PR Newswire

MEXICO CITY, July 23, 2018 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALA), today reported results for the second quarter 2018. The following information has been presented based on International Financial Reporting Standards (IFRS) and in nominal terms.

Quarter Highlights

  • Total revenues grew 26.1%, to 18,870 million pesos, while in Comparable figures sales increased 5.1%
  • Reported and Comparable EBITDA decreased 10.7% and 17.6% respectively, against a strong base in 2017
  • Challenges in Brazil and Nicaragua, and higher expenses in Mexico impacted these results
  • Mexico and Brazil debt completely refinanced during the quarter

As reported


As reported


Comparable(1)

P&L

Q2´17

% Sales


Q2´18

% Sales

Var. %


Q2´18

% Sales

Var. %

Net Sales

14,967

100.0%


18,870

100.0%

26.1%


15,738

100.0%

5.1%

Gross Profit

5,787

38.7%


6,611

35.0%

14.2%


5,709

36.3%

(1.3)%

Operating Income

1,634

10.9%


1,311

6.9%

(19.8)%


1,229

7.8%

(24.8)%

EBITDA(2)

2,096

14.0%


1,871

9.9%

(10.7)%


1,727

11.0%

(17.6)%

Net Income

1,148

7.7%


400

2.1%

(65.1)%


590

3.7%

(48.6)%


(1)    Comparable means, with respect to a year-over-year comparison, the change in a given measure excluding the effects of the acquisition of Brazil in Q4 2017

(2)    EBITDA is defined as operating income before depreciation and amortization

Message from Management:

Scot Rank, Grupo LALA's CEO, commented:
"Q2 was a quarter with sales growth versus the previous quarter in all regions, but disappointing results in profitability. We faced challenges derived from higher expenses in Mexico, the political situation in Nicaragua, and a nationwide trucking strike in Brazil that stopped our operations for ten days. I remain confident that solid business and operating fundamentals will enable us to quickly return to profitable growth."

Please click on the following link for a PDF file containing the full text of the press release: GRUPO LALA REPORTS SECOND QUARTER 2018 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 SEGUNDO TRIMESTRE 2018

CONFERENCE CALL INVITE

Tuesday, July 24th, 2018 at 11:00am EST / 10:00am CST
Led by: Scot Rank (CEO), Alberto Arellano (CFO) and Mariana Rojo (IRO)
Webcast: Grupo LALA Presentation

To participate, please dial-in ten minutes ahead of the scheduled time.
Mexico: 01 800 522 0034
United States: +1 877 705 6003 (Toll-free)
International: +1 201 493 6725

To access the replay service (2 days), please dial:
United States: +1 844 512 2921 (Toll-free)
International: +1 412 317 6671
PIN #: 13681327

For more information:
Mariana Rojo
+52 (55) 9177 5900
investor.relations@grupolala.com 
www.lala.com.mx

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Cision View original content:http://www.prnewswire.com/news-releases/grupo-lala-reports-second-quarter-2018-results-300685150.html

SOURCE Grupo LALA, S.A.B. de C.V.

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