AC reports revenue growth of 22.5% with EBITDA up 20.3% in 2016
Monterrey, Mexico, February 24, 2017 – Arca Continental, S.A.B. de C.V. (BMV: AC*) (“Arca Continental” or “AC”),, the second-largest Coca-Cola bottler in Latin America, announced today its results for the fourth quarter and full year of 2016 (“4Q16” and “2016”).
- Net sales grew 11% when compared to 4Q15, reaching Ps. 24,894 million.
- EBITDA was up 9% versus 4Q15 to Ps. 5,163 million, representing a margin of 20.7%.
- Net income reached Ps. 1,932 million, up 16.7%, for a net margin of 7.8%.
- Net sales totaled Ps. 93,666 million for an increase of 22.5%.
- EBITDA grew 20.3% to Ps. 20,092 million for a margin of 21.5%.
- Net income registered 24.7% growth to reach Ps. 9,034 million, representing a net margin of 9.6%.
COMMENTS FROM THE CEO
“Our results for 2016 were outstanding, having achieved annual growth of 22.5% in sales and 20.3% in EBITDA. These figures highlight the financial and operating strengths of the Company to successfully face challenging conditions and deliver positive results in a consistent manner thanks to the professionalism of our people and our leadership in the market”, commented Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
"Continuing on the path that we set towards profitable growth, it gives me great pleasure to report that we recently signed the definitive agreement with The Coca-Cola Company to be the exclusive bottler of the franchise in the U.S. Southwest, which is comprised of Texas and parts of Oklahoma, New Mexico and Arkansas. We expect to close this transaction in the second quarter of this year, which, together with the organic growth of our current businesses, will further improve Arca Continental’s competitiveness and geographic diversification, thereby consolidating our position as one of the most important Coca-Cola bottlers in the world”, he added.
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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