While Genomma Lab faced an exceptionally challenging second quarter 2020, we continued to embrace the crisis mindset to transform headwinds into opportunities for our Company, supported by all four pillars of our 2020 growth and expansion strategy. Innovation was an important driver during the quarter with continued line extensions, new categories and product launches. We also expanded our reach and deepened our presence within key retail outlets, particularly in the traditional channel, while leveraging our strong presence in the many e-commerce platforms vital to consumers’ access to our products in the current environment. The strength of our organization and of our corporate culture have been critical to our success during this period of volatility, and one of the reasons we have delivered outstanding execution within today’s unprecedented market environment- reflected in robust growth throughout the regions in which we are present. This is further evidence of our continued evolution and transformation, I am confident we will emerge from the current crisis as an even stronger Company.” He added: “I’m honored that LAB was one of the 29 companies recently included within the new S&P/BMV Total Mexico ESG Index. Further, we remained focused on social responsibility during the quarter, donating more than 950,000 Genomma products to local communities in need and 10,000 meals to front-line medical personnel as part of Genomma’s Feeding the Heroes campaign in Mexico. This reaffirms our commitment to social and environmental responsibility, and to continuously delivering value for all of our stakeholders.
Chief Executive Officer
July 22, 2020