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26.02.2018 23:48:00
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Grupo LALA Reports Fourth Quarter and Full Year 2017 Results
MEXICO CITY, Feb. 26, 2018 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., a Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALA), today reported results for the fourth quarter and full year 2017. The following information has been presented based on International Financial Reporting Standards (IFRS) and in nominal terms.
Quarter Highlights
- Revenues grew 23.7%, while comparable revenues grew 7.3% for the fourth quarter of 2017
- EBITDA expanded by 47.4% ending in 2,360 million pesos, while on a comparable basis, EBITDA increased 23.7% in the quarter
The following chart provides an abridged Income Statement, in millions of pesos. The margin for each figure represents its ratio to net sales from the quarter ended December 31st, 2017, as compared with the same period in 2016:
As reported | As reported | Comparable(1) | ||||||||
P&L | 4Q´16 | % Sales | 4Q´17 | % Sales | Var. % | 4Q´17 | % Sales | Var. % | ||
Net Sales | $ 14,354 | 100.0% | $ 17,751 | 100.0% | 23.7% | $ 15,403 | 100.0% | 7.3% | ||
Gross Profit | 5,230 | 36.4% | 6,474 | 36.5% | 23.8% | 5,748 | 37.3% | 9.9% | ||
Operating Income | 1,099 | 7.7% | 1,859 | 10.5% | 69.2% | 1,526 | 9.9% | 38.8% | ||
EBITDA(2) | 1,601 | 11.2% | 2,360 | 13.3% | 47.4% | 1,981 | 12.9% | 23.7% | ||
Net Income | 1,228 | 8.6% | 479 | 2.7% | (61.0)% | 667 | 4.3% | (45.7)% | ||
(1) Comparable means, with respect to a year-over-year comparison, the change in a given measure excluding the effects of (i) acquisition of Brazil in Q4 2017, and (ii) one-off effects derived from the Brazil integration
(2) EBITDA is defined as operating income before depreciation and amortization.
Message from Management
Scot Rank, Grupo LALA´s CEO: "Through the acquisition of Vigor in the fourth quarter of 2017, Grupo LALA made significant progress towards its aspiration to become the preferred dairy company in the Americas. Today LALA can reach over 600 million potential consumers in seven countries, with nutritious, value added dairy products of the highest quality, produced in one of our 32 production facilities"
Please click on the following link for a PDF file containing the full text of the press release: GRUPO LALA REPORTS FOURTH QUARTER 2017 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 CUARTO TRIMESTRE 2017
CONFERENCE CALL INVITE
Tuesday, February 27th, 2018 at 11:00am EST / 10:00am CST
Led by: Scot Rank (Chief Executive Officer), Alberto Arellano (Chief Financial Officer) and Mariana Rojo (Investor Relations Officer)
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 #: 13676310
View original content:http://www.prnewswire.com/news-releases/grupo-lala-reports-fourth-quarter-and-full-year-2017-results-300604133.html
SOURCE Grupo LALA, S.A.B. de C.V.
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