Coca-Cola bottler Arca Continental reports Q1 net income of 979M Mexican pesos, up 105.9% from year-ago period; net sales up 70.9% to 12.35B pesos
April 25, 2012
– Arca Continental, S.A.B. de C.V. (“AC” or the “the Company”) (BMV: AC*), the second-largest Coca-Cola bottler in Latin America announced today its unaudited results for the first quarter (“1Q12”) ended March 31, 2012.
FIRST QUARTER 2012 (1Q12) HIGHLIGHTS:
* Volume rose 61.8% (4.8% on a pro forma basis)
* Net sales reached Ps. 12,350 million, representing an increase of 70.9% with respect to the same period of 2011 (16.9% on a pro forma basis)
* EBITDA reached Ps. 2,113 million with a margin of 17.1%
* Net income grew 105.9% to Ps. 979 million (32.9% on a pro forma basis)
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER:
“The actions taken to continue strengthening our position of market leadership continue yielding significantly positive results that reflect a 4.8% increase in sales volume and 16.9% increase in net sales during the first quarter of 2012 carried by an outstanding market execution in Mexico and South America as well as the progress made to capture synergies on schedule,” stated Francisco Garza Egloff.
“These results increase the competitiveness that set apart our Company in all business areas and position us favorably to reach the goals set forth in our 2012 business plan, which is oriented towards continuing to generate value for our shareholders, clients and consumers, through constant product portfolio innovation, excellent execution, as well as efficient and sustainable operations,” he added.
For a full version of this release, please visit: http://www.arcacontal.com.
CONFERENCE CALL INFORMATION
Arca Continental will host a conference call today, April 25, 2012, to discuss these results at 10:00 am Mexico/Monterrey time, 11:00 am New York time.
To participate, please dial:
+1 800 311 9401 (From within the U.S.)
+001 800 368 1029 (Toll free within Mexico)
+1 334 323 7224 (International participants)
Access code: 36151
There will also be a live webcast of this event available at: http://www.arcacontal.com/#investors-screen
About Arca Continental
Arca Continental produces and distributes non-alcoholic beverages under The Coca-Cola Company brand. Arca Continental was formed in 2011 through the merger of Embotelladoras Arca and Grupo Continental, making it the second-largest Coca-Cola bottler in Latin America and one of the largest in the world. Headquartered in Monterrey, the Company serves more than 53 million consumers in Northern and Western Mexico, Ecuador and Northern Argentina. Arca Continental also produces and distributes Bokados brand snack foods. The Company's shares trade on the Mexican Stock Exchange under the ticker symbol "AC". For more information, visit www.arcacontal.com.
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