AC reports: Net Sales grew 39.3% with EBITDA UP 44.6% in 1Q16
Monterrey, Mexico, April 22, 2016 – Arca Continental, S.A.B. de C.V. (BMV: AC*) (“Arca Continental” or “AC”), the second-largest Coca-Cola bottler in Latin America and third-largest in the world, announced today its results for the first quarter of 2016 (“1Q16”).
FIRST QUARTER 2016 (1Q16) HIGHLIGHTS
- Net sales reached Ps. 21,274 million, 39.3% higher when compared to 1Q15.
- EBITDA totaled Ps. 4,281 million, 44.6% above 1Q15 and at a margin of 20.1%.
- • Net Income increased 43.9% to Ps. 1,871 million at a margin of 8.8%.
COMMENTS FROM THE CEO
“Supported by our geographic diversification with the integration of Peru, as well as the precise management of our portfolio and the perfecting of our execution at the point of sale, we achieved 20 consecutive quarters of positive results. In these first three months of 2016, we reported net sales growth of nearly 40% when compared to the previous quarter, with net income up 44% and EBITDA up nearly 45%”, stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
“These results compel us even further to continue seeking new value creation opportunities that will enable us to continue improving our operations and, above all, provide excellent service to our clients and consumers,” added Garza Egloff.
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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 90 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 83 million consumers in Northern and Western Mexico, Ecuador, Peru 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