Grupo LALA informs that its credit rate from HR Ratings was upgraded to HR AA with Stable perspective

TORREÓN, Mexico, April 17, 2023 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., a Mexican company focused on the healthy and nutritious food industry, today announces that its long-term credit rating from the agency HR Ratings was upgraded from 'HR AA-' to 'HR AA', with stable perspective. This reflects its progress in free cashflow generation and the reduction in the leverage ratio, as a result of the actions to protect its margins in the current context and a solid working capital optimization.

This also considers its capacity to continue growing and expanding margins, based on a wide portfolio of brands and products to serve different consumer needs and a solid supply chain.

More details about HR report can be found in their site.

For more information:
Daniel Espinosa
investor.relations@grupolala.com 

About LALA:

Grupo LALA, a Mexican company focused on the healthy and nutritious food industry, has more than 70 years of experience in the production, innovation and marketing of milk, dairy products and beverages under the highest quality standards. LALA operates 29 production plants and 172 distribution centers in Mexico, Brazil, the United States and Central America, and is supported by more than 40,000 employees. LALA operates a fleet that exceeds 7,500 units for the distribution of its more than 600 products which reach more than 628,000 points of sale. LALA®, Nutri® and Vigor® stand out in their brand portfolio. Grupo LALA is listed on the Mexican Stock Exchange under the ticker "LALAB".

Limitation of Liability: This press release may contain forecasts or projections which reflect our current views and expectations regarding our performance, business, and future events. Forecasts include, without limitation, any statement that may predict, indicate, or imply future results, performance or achievements and may contain words such as "believe", "anticipate", "expect", "in our view", "will likely occur", or some other word or phrase with a similar meaning. These statements are subject to certain risks, unforeseen events, and assumptions. We caution that a significant number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates, and intentions expressed in this report. In no event will we, nor any of our subsidiaries, affiliates, directors, executives, agents, or employees be liable to third parties (including investors) for any investment, decision or action taken in relation to the information released in this press release or for any consequential special or similar damage. For more information visit: www.lala.com.mx

For more information visit: www.lala.com.mx

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