Arca Continental SAB de CV : 28 October 2013 AC reports Net Income increased 15% in 3Q2013
October 28, 2013 at 11:26 am
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AC reports Net Income increased 15% in 3Q2013
Monterrey, Mexico, October 28, 2013 -Arca Continental, S.A.B. de C.V. (BMV: AC*), the second-largest Coca-Cola bottler in Latin America and the third largest Coca-Cola bottler worldwide announced today its results for the third quarter ("3Q13").
THIRD QUARTER 2013 (3Q13) HIGHLIGHTS:
- Net sales reached Ps. 15,851 million representing an increase of 8.3%.
- EBITDA was Ps. 3,503 million with a margin of 22.1%, up 70 bps
- Net income grew 15.1% to Ps. 1,721 million with a margin of 10.9%, up 70 bps
FIRST NINE MONTH 2013 HIGHLIGHTS (9M13)
-Net sales reached Ps. 45,051 million, representing a 7.9% increase
- EBITDA was Ps. 9,559 million with an EBITDA margin of 21.2%, up 100 bps
- Net income grew 18.3% to Ps. 4,688 million with a net margin of 10.4%, up 90 bps
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER:
"As a result of a competitive price architecture, and consistent with the premium value of our brands, we reported an 8.3% increase in net sales and EBITDA margin up 70 bps. We achieved these results despite a challenging environment that combined a weak consumption environment and extreme weather events in Mexico," stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
"Under the current conditions, our returnable and single-serve product mix has become a major competitive advantage differentiating us from other players and enabling us to more effectively manage the different economic scenarios that emerge, by offering consumers various price points and presentations to maximize the affordability of our products. Furthermore, we reached the highest market share of the last decade in Mexico, reflecting outstanding execution and continuous market investment," he added.
You can download the full report in this link: Full 3QT2013 Report
Abour Arca Continental
Arca Continental produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company brand, as well as snacks under the brands of Bokados in Mexico, Inalecsa in Ecuador and Wise in the U.S. With an outstanding history spanning more than 85 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America and one of the largest in the world. Within its Coca-Cola franchise territory, the Company serves over 53 million consumers in Northern and Western Mexico, Ecuador and Northern Argentina. The Company's shares trade on the Mexican Stock Exchange under the ticker symbol "AC".www.arcacontal.com
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.