Arca Continental reports Q1 net earnings of 1.16B Mexican pesos, up 6.6% from year-ago period; net sales fall 0.1% to 13.37B pesos
April 30, 2014
– Arca Continental, S.A.B. de C.V. (BMV: AC*) (“Arca Continental” or “AC”), the second-largest Coca-Cola bottler in Latin America and third-largest in the world, announced today its results for the first quarter of 2014 (“1Q14”).
FIRST QUARTER 2014 HIGHLIGHTS
- Net sales reached Ps. 13,370 million.
- EBITDA was Ps. 2,654 million with a margin of 19.9%, up 140 basis points versus 1Q13.
- Net Income increased 6.6% to Ps. 1,162 million with an 8.7% margin which represents an expansion of 60 basis points.
COMMENTS FROM THE CEO
“The strength of our portfolio, continual investment, and proven execution capabilities at the point of sale, as well as the constant efficiency in our operations, allowed us to mitigate the negative impact on volume caused by the challenging business climate and additional taxes in Mexico, our core market. These actions led to increase our market leadership together with 6.6% increase in Net Income and a 7.3% improvement in EBITDA when compared to the same period of last year, which further strengthens our business model and long-term vision,” stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
“In addition, as part of our strategy to generate new vehicles for creating value and to further diversify our geographic presence, we’re very pleased to mention our recent acquisition of a majority stake in Tonicorp, Ecuador’s leading value-added dairy company, in which we have the honor to participate as equal partners with The Coca-Cola Company in this joint venture,” he added.
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