Arca Continental B de C : 25 April 2024EBITDA GREW 1.2% AND MARGIN 20 BPS IN 1Q24
April 25, 2024 at 02:51 pm
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EBITDA GREW 1.2% AND MARGIN 20 BPS IN 1Q24
Monterrey, Mexico, April 25, 2024 - 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 2024 ("1Q24").
1Q24 HIGHLIGHTS
• Net Sales remained stable when compared to 1Q23, to Ps. 50,743 million.
• EBITDA grew 1.2% to Ps. 9,663 million with a margin of 19%.
• Net Income was Ps. 3,761 million, up 0.8% and reaching a margin of 7.4%
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
"We began 2024 with favorable results for the first quarter, registering stable sales and an expansion in EBITDA margins, driven by the commitment and professionalism of our associates and the strengthening of new value avenues, which support the solidness of our sustainable business model even during times of challenging conditions in the territories we serve", stated Arturo Gutierrez, Chief Executive Officer of Arca Continental.
"Throughout this year, we will continue strengthening our long-term profitable growth strategy, as well as the constant transformation of our operating capabilities according to the new market dynamics, within a framework of shared value for the communities that interact with us on a daily basis", added Gutierrez.
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About Arca Continental
Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks under the Bokados brand in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding history spanning more than 98 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 128 million people in the Northern and Western regions in Mexico, as well as in Ecuador, Peru, in the Northern region of Argentina, and in the Southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the ticker "AC." For more information about Arca Continental, please visit www.arcacontal.com
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Arca Continental SAB de CV published this content on
25 April 2024 and is solely responsible for the information contained therein. Distributed by
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Arca Continental SAB de CV is a Mexico-based company primarily engaged in the beverages sector. The Company's activities are divided into two business segments: Beverages and Other. The Beverages division produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company (TCCC) license in Mexico, Argentina, Ecuador and Peru, as well as dairy beverages of the Santa Clara brand name in Mexico and Toni brand name in Ecuador. Its TCCC beverages portfolio includes cola and flavored drinks, vitamin, low-calorie and energetic drinks, juices, as well as purified and flavored water, among others. The Companyâs brand names range comprises Ciel, del Valle, Powerade, burn, FUZE Tea and vitaminwater, among others. The Other division focuses on the sale of beverages through vending machines in Mexico, as well as manufacture and distribution of snacks and candies under the brand names Bokados in Mexico, Inalecsa in Ecuador and Wise in the United States.