MEXICO CITY, April 20, 2020 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., a Mexican Company focused on healthy and nutritious foods, ("LALA") (BMV: LALAB), today reported results for the first quarter 2020. 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 for the quarter and the year ended on March 31, 2020 as compared to the same period in 2019.
MXN$ in millions
Branded Sales (1)
Raw Materials and Others Sales
(1) Branded Sales exclude raw materials sales
(2) EBITDA is defined as operating income before depreciation and amortization
MESSAGE FROM MANAGEMENT
Arquímedes Celis, Grupo LALA's CEO, commented:
"LALA's resilience to today's COVID-19 challenges underscores the strength of our brands, business and market position as important competitive advantages. LALA benefits from a guaranteed milk supply, proprietary refrigerated distribution network and an extensive market-leading brand portfolio of the important nutritious food staples currently in demand, while also addressing all market segments, demographics and price-points. The current situation is also aligned with our strategy of stabilizing operations and restoring profitability in Mexico, which ensures we are well positioned to serve our customers' increased needs and related opportunities in the market. Our balance sheet is solid and we have an experienced leadership team that will take action to help us not only weather this crisis, but continue to transform our business for the better."
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Tuesday, April 21, 2020 at 11:00am EST / 10:00am CST
Led by: Arquímedes Celis (CEO), Alberto Arellano (CFO) and David González (IRO)
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CONTACT – INVESTOR RELATIONS
David González Peláez and Elías Rangel
Tel.: +52 55 5814 - 7192
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SOURCE Grupo LALA, S.A.B. de C.V.