Arca Continental Reports EBITDA Growth of 16.8% with Net Income up 11.3% in First Quarter 2013
MONTERREY, Mexico--(BUSINESS WIRE)-- Arca Continental, S.A.B. de C.V. (BMV: AC*), the second-largest Coca-Cola bottler in Latin America and third largest in the world announced today its results for the first quarter ("1Q13").
Table 1: Financial Highlights
|(Data in millions of Mexican pesos)|
|Total Beverage Volume (MUC)||302.3||299.9||0.8|
|Total Beverage Volume includes jug water|
|EBITDA = Operating income + Depreciation + Amortization + Non Recurring Expenses|
Numbers expresed under International Financial Reporting Standards or IFRS
- Net Sales reached Ps. 13,375 million, representing an 8.3% increase.
- EBITDA totaled Ps. 2,468 million with a margin of 18.5%, up 140 basis points.
- Net Income grew 11.3% to Ps. 1,090 million, for a net margin of 8.1%.
"During the first quarter of 2013 we continued to focus on satisfying our clients and consumers while increasing the efficiency of our operations, which translated into improved profitability with EBITDA up 16.8% versus last year. The actions that had the most impact were the optimization of our pricing structure, cost improvements and perfecting our execution at the point of sale; combined, these steps enabled us increase our market share and strengthen our leading position in the various categories and territories in which we participate," stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
"In addition, within our snack business we advanced on the process of integrating Bokados, Wise and Inalecsa in order to homogenize best practices, achieve synergies and take advantage of the strengths of each brand. These factors, combined with the strong results of the beverage business, put us in a better position to reach our goals and targets set forth for 2013, as we continue searching for growth opportunities that create value for our shareholders, clients and consumers," he added.
For a full version of this earnings release with financial statements, please visit: http://www.arcacontal.com/investors/financial-information.aspx
1Q13 EARNINGS CONFERENCE CALL
Arca Continental will host a conference call to discuss these results on Friday, April 26, 2013 at 9:00am Mexico City/Monterrey time / 10:00am New York Time.
To participate, please dial:
+1 800 311 9401 (USA)
+001 800 368 1029 (Mexico)
+1 334 323 7224 (International)
There will also be a live audio webcast of the event at: www.arcacontal.com/investors.aspx
About 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". For more information, visit www.arcacontal.com
This material may contain forward-looking statements regarding Arca Continental and its subsidiaries based on management's expectations. This information as well as statements regarding future events and expectations is subject to risks and uncertainties, as well as factors that could cause the results, performance and achievements of the Company to differ at any time. Such factors include changes in the general economic, political, governmental and commercial conditions both domestically and globally, as well as variations in interest rates, inflation rates, exchange rate volatility, tax rates, the demand for and the price of carbonated beverages, water, and the price of sugar and other raw materials used in the production of soft drinks, weather conditions and various others. As a result of these risks and factors, actual results could be materially different from the estimates provided; therefore, Arca Continental does not accept responsibility for any variations or for the information provided by official sources.
Ulises Fernández de Lara, 52 (81) 8151-1525
Juan Hawach Sánchez, 52 (81) 8151-1547
i-advize Corporate Communications
Melanie Carpenter, 212-406-3692
Guillermo Garza, 52 (81) 8151-1589
KEYWORDS: Mexico Central America
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