Arca Continental, S.A.B. de C.V. (BMV:AC*) (“Arca Continental” or “AC”), the second-largest Coca-Cola bottler in Latin America and the third-largest in the world, announced today its results for the first quarter 2015 (“1Q15”).
Table 1: Financial Highlights
|Data in millions of mexican pesos|
|Total Beverage Volume (MUC)||298.5||293.4||1.7|
|Total Beverage Volume includes jug water|
|EBITDA = Operating income + Depreciation + Amortization + Non Recurring Expenses|
FIRST QUARTER 2015 (1Q15) HIGHLIGHTS
- Net sales reached Ps. 15,273 million, 14.2% higher than 1Q14.
- EBITDA was Ps. 2,961 million with a 19.4% margin, 11.6% above the same quarter of last year.
- Net income grew 12% to Ps. 1,300 million for a net margin of 8.5%.
COMMENTS FROM THE CEO
“The results for the first quarter showed positive trends, with increases of 14.2% in net sales and 12% in net income. This reaffirms that the actions we have been taking in the various areas of our organization strengthen our market leadership and preference, while continuing to position us solidly in our search for new value-creating opportunities,” stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
“Innovation will be a key ingredient to meeting our objectives, in addition to excellent market execution, constant development of talent and the sustainability of our operations,” he added.
- On April 15, 2015, Arca Continental’s Annual Shareholders’ Meeting approved a cash dividend of Ps. 1.75 per share to be made in one single payment beginning on April 27, 2015, equivalent to a total disbursement of Ps. 2,820 million.
- For the 12th consecutive year, the Mexican Center for Philanthropy presented Arca Continental with the award for Socially Responsible Company.
For a full version of this earnings release with financial statements, go to: http://www.arcacontal.com/investors.aspx
CONFERENCE CALL INFORMATION
Arca Continental will host a conference call on April 22, 2015 to discuss these results at 10:00 am Mexico/Monterrey time / 11:00 am New York time. A live webcast of this event is available at: www.arcacontal.com or connect via telephone by dialing:
To participate, please dial:
+1-877-712-5080 ( U.S. participants)
+1-334-245-3009 (International participants)
0-1-800-062-2650 (Mexico participants)
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. Together with The Coca-Cola Company; lead the high-value added dairy category in Ecuador under ToniCorp brands. With an outstanding history spanning more than 89 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 54 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 on Arca Continental, please visit www.arcacontal.com or download the AC Investor iPad app.
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 sparkling beverages, 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