Arca Continental reports Q1 net earnings of 3.09B Mexican pesos, up 19.7% from year-ago period, as net sales rise 13.8% to 46.07B pesos

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MONTERREY, Mexico , April 29, 2022 (press release) –

Arca Continental, S.A.B. de C.V . (BMV: AC*) ("Arca Continental" or "AC"), the second-largest Coca-Cola bottler in Latin America , announced its results for the first quarter of 2022 ("1Q22").

 

1Q22 HIGHLIGHTS

  • - Net Sales increased 13.8% when compared to 1Q21, to Ps. 46,065 million.
  • -EBITDA reached Ps. 8,527 million for an increase of 11.0% and a margin of 18.5%.
  • -Net Income rose 19.7% to Ps. 3,094 million, for a margin of 6.7%.

COMMENTS FROM THE CHIEF EXECUTIVE OFFICER

"The deployment of our solid execution at the point of sale, efficient price-pack initiatives, and the operating discipline that sets us apart, enabled us to capitalize on the favorable consumer climate and economic reactivation, with volume growth in all the markets we serve, as well as increases in revenues and EBITDA of 13.8% and 11%, respectively. These results partially offset the effects of high volatility in the price of our key inputs", explained Arturo GutiƩrrez, Chief Executive Officer of Arca Continental.

As we look ahead in 2022, we will remain focused on maintaining the growth momentum in sales through the use of innovative and sustainable commercial strategies that meet the needs of our customers and consumers, in order to continue delivering solid financial and operating results that exceed the expectations of our shareholders", he added.

Read the full report here.

About Arca Continental

Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks under its own brands in Mexico , Ecuador , and the United States . With an outstanding history spanning more than 96 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America , and one of the largest in the world. Through its Coca-Cola franchise, the company serves more than 123 million people in the Northeand Westeregions in Mexico , as well as in Ecuador , Peru , in the Northeregion of Argentina , and in the SouthwesteUnited States. Arca Continental is listed on the Mexican Stock Exchange under the ticker "AC." For more information about Arca Continental, please visitwww.arcacontal.com

Disclaimer

Arca Continental SAB de CV published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 12:40:22 UTC .

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