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EBITDA grew 12% and Revenue increased 10% in 1Q23

Monterrey, Mexico, April 27, 2023 – Arca Continental, S.A.B. de C.V. (BMV: AC*) (“Arca Continental” or “AC”), the second-largest Coca-Cola bottler in Latin America, announced its results for the first quarter of 2023 (“1Q23”).

 

Table 1Q23

 

 

1Q23 HIGHLIGHTS

·       Net Sales increased 10% when compared to 1Q22, to Ps. 50,684 million.

·       EBITDA grew 12% to Ps. 9,550 million for a margin of 18.8%.

·       Net Income totaled Ps. 3,731 million, up 20.6% reaching a margin of 7.4%.


 

 

COMMENTS FROM THE CHIEF EXECUTIVE OFFICER

 

“We began 2023 with favorable results, delivering solid growth of 10.0% in revenues and 12.0% in EBITDA, thanks to the commitment of our associates to continue strengthening our commercial capabilities, execution with excellence at the point of sale, as well as the constant deployment of digital tools in accordance with market dynamics”, stated Arturo Gutierrez, Chief Executive Officer of Arca Continental.

 

 

“For this year, we will continue working on the strategic priorities of our sustainable business model, aimed at improving the performance of all areas to better serve and grow with our customers, while maintaining our conviction to create shared value for our associates, shareholders and the communities we serve”, he added.

 

Download here the full report.

 

 

About Arca Continental

Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks under the Bokados brand in Mexico, Inalecsa in Ecuador, and Wise in the United States. With an outstanding history spanning more than 97 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America, and one of the largest in the world. Through its Coca-Cola franchise, the company serves more than 127 million people in the Northern and Western regions in Mexico, as well as in Ecuador, Peru, in the Northern region of Argentina, and in the Southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the ticker “AC”. For more information on Arca Continental, please visit www.arcacontal.com

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