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Genomma Lab Internacional Announces Third Quarter 2009 Results
Date:10/26/2009

MEXICO CITY, Oct. 26 /PRNewswire/ -- Genomma Lab Internacional, S.A.B. de C.V. (BMV: LAB) ("Genomma Lab" or "the Company"), announced today its results for the quarter ended September 30, 2009. All figures included herein were prepared in accordance with Mexican GAAP; figures are stated in nominal Mexican pesos. Also, the following consolidated figures show the Company's Spanish operations reclassified as discontinued operations according to Mexican GAAP.

3Q09 Highlights (vs. 3Q08)

  • During the third quarter of 2009, the Company launched Primer Nivel Por Tu Salud generic pharmaceuticals brand; the launch included 167 medical prescription ("RX") and over the counter pharmaceuticals ("OTC") products.
  • Also, during the third quarter, Genomma Lab signed a strategic alliance agreement with Grupo Televisa S.A.B. de C.V. (NYSE: TV) to market and distribute OTC and personal care products in the U.S. and Puerto Rico.
  • Net Sales for the quarter reached Ps. 1,123.7 million, an increase of 57.9%
  • EBITDA(1) increased 43.6%, to Ps. 296.8 million. This represents a 26.4% margin during the period.
  • Earnings per Share(2) increased 37.5%, to Ps. 1.09.
  • International Net Sales rose 295.9%, to Ps. 187.8 million.
  • During the third quarter, Genomma Lab successfully launched four products under three existing brands (Base Brands(3) and Prior Year Launches(4)) as part of our line extension strategy.
  • The Company also launched six products under four New Brands(5), as part of its new product launch plan during the third quarter.

(1) EBITDA is calculated by adding pre-operative expenses, depreciation and amortization to the operating income.

(2) Earnings per share are for the last 12 months and were calculated using the weighted average of shares outst
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SOURCE Genomma Lab Internacional, S.A.B. de C.V.
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