Beverage Stocks: Arca Continental (BMV:AC*) Announces 15% Increase in Net Income with EBITDA Margin Up 70BPS in 3Q13
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MONTERREY, Mexico - October 28, 2013 (www.investorideas.com newswire) 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").
Total Beverage Volume includes jug water
EBITDA = Operating income + Depreciation + Amortization + Non Recurring Expenses
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.
CONFERENCE CALL INFORMATION
Arca Continental will host a conference call on Monday, October 28, 2013 to discuss these results at 10:00 am Mexico/Monterrey time, 12:00 pm New York time.
To participate, please dial:
U.S. Participants +1 800 311 9401
Toll free within Mexico +001 800 368 1029
International +1 334 323 7224
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.
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