|By PR Newswire||
|February 26, 2014 06:30 PM EST||
MEXICO CITY, Feb. 26, 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 fourth quarter and full year 2013.
Arquimedes Celis, Grupo LALA's CEO, commented, "2013 was an excellent year for our company; we went public and thereby reaffirmed our shareholder commitment through one of the most successful IPOs in industry history. It was also an important year as far as achievements and challenges, which reaffirmed the strength of our business model, as consumers' preference for LALA products helped us achieve growth levels above the market average. Our shareholders' support and confidence were also decisive factors in achieving these goals." He continued, "We believe that continued execution of our successful business model will again allow us to achieve our 2014 goals of strong growth and, as a result, returns for our shareholders."
- Strong 7% year on year increase in net sales
- 40 basis point margin expansion for the full year 2013
- 69% increase in full year net income, reaching 2.8 billion pesos
- Dividend of 0.64 pesos per share, paid in two separate tranches
- Fourth quarter gross profit increased by 9.8%, or 365.2 million pesos, year on year to 4,096.2 million pesos
- Fourth quarter gross margin of 36.9%, as compared to the 35.9% reported for the same period last year
To access the full text of this earnings release, please visit our Investor Relations website at: http://www.grupolala.com/sites/default/files/inversionistas/EarningsReleaseConferenceCall4Q-2013.pdf
Grupo LALA will hold its fourth quarter and full year 2013 results conference call on Thursday, February 27, 2014 at 01:00 pm ET/12:00 pm Central/Mexico City Time. The call can be accessed by dialing: 01-800-522-0034 (Mexico), 1-877-407-9039 (US, toll free) and 1-201-689-8470 (International).
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 Grupo 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 standards of quality. LALA operates 17 production plants and 161 distribution centers in Mexico and Central America, supported by more than 31,000 employees. LALA operates a fleet of 7,300 vehicles to distribute its more than 600 products to nearly 500,000 points of sale. Grupo LALA's portfolio is led by its two flagship brands: LALA® and Nutri Leche®. For more information, visit: www.grupolala.com
SOURCE Grupo LALA, S.A.B. de C.V.