MEXICO CITY, July 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 second 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 second quarter ended June 30, 2020 as compared to the same period in 2019.
MXN$ in millions
Branded Sales (1)
Raw Materials and Others Sales
Branded Sales exclude raw materials sales
EBITDA is defined as operating income before depreciation and amortization
MESSAGE FROM MANAGEMENT
Arquímedes Celis, Grupo LALA's CEO, commented:
"The current pandemic has underscored the unique resilience and adaptability of LALA's business model, with robust demand for LALA products- particularly our high-quality staples. As our second quarter performance demonstrates, LALA's healthy supply chain, broad portfolio reach, channel access and our ability to quickly adapt to capture the changing consumer trends and purchasing habits have enabled strong results in an exceptionally challenging environment."
He continued, "During the quarter we successfully executed on our strategic priorities as defined prior to the crisis; streamlining and rationalizing operations while increasing shareholder value. We are committed to our principles and remain focused on the safety of our employees, suppliers, clients and consumers- with increased support to vulnerable communities affected by COVID-19. While we know the balance of the year will be impacted by uncertain circumstances and ongoing challenges, we're confident in the strength of our underlying foundation and performance, the dedication of our team and the response from customers as they recognize our commitment to serving them. I have great confidence in the future of our business and in our ability to deliver the changes needed to drive sustainable growth."
Please click on the following link for a PDF file containing the full text of the press release: http://www.lala.com.mx/wp-content/uploads/2020/04/Earnings release Q2'20 v7.pdf
Please click on the following link for a PDF file containing the full text of the press release in Spanish: http://www.lala.com.mx/wp-content/uploads/2020/04/Reporte Resultados 2T'20 v3.pdf
Tuesday, July 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
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SOURCE Grupo LALA, S.A.B. de C.V.