EBITDA GREW 5.8% WITH NET SALES UP 5.3% IN 1Q20

EBITDA GREW 5.8% WITH NET SALES UP 5.3% IN 1Q20

 

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EBITDA GREW 5.8% WITH NET SALES UP 5.3% IN 1Q20

Monterrey, Mexico, April 23, 2020 – 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 2020 (“1Q20”).

1Q20_table

1Q20 HIGHLIGHTS

  • -Net Sales increased 5.3% when compared to 1Q19 to Ps. 38,893 million.
  • -EBITDA totaled Ps. 6,637 million, 5.8% higher than 1Q19 and for a margin of 17.1%.
  • -Net Income grew 57.4% to Ps. 2,678 million for a margin of 6.9%.

 

 

COMMENTS FROM THE CHIEF EXECUTIVE OFFICER

“In the face of the historic public health crisis we are experiencing throughout the world, at Arca Continental we have focused, with the utmost priority, on carrying out strict safety and hygiene measures to provide a safe workplace for our collaborators. In parallel, we have also established community support programs for the healthcare system, for the most vulnerable groups and for our value chain, while at the same time ensuring the supply necessary for hydration, food and snacks in the various territories we serve”, stated Arturo Gutiérrez, Chief Executive Officer de Arca Continental.

“Despite a complicated close to the first quarter of this year, basically due to mobility restrictions and temporary closures for our customers in the countries in which we operate, the solid start we had for the year translated into growth of 5.3% in revenues and 5.8% in EBITDA. To serve under this new market reality and mitigate as much as possible its impact on our performance, we have set in motion a comprehensive program aimed mainly at optimizing our operating expenses and investments, as well as rapidly adapting our models of operation in every stage of production, distribution and execution at the point of sale, accelerating the implementation of digital initiatives and direct-to-home sales, seeking to protect profitability and be better positioned to return to sustainable growth”, he added.

 

Download the full report here.

 

About Arca Continental

Arca Continental produces, distributes, and markets non-alcoholic beverages under The Coca-Cola Company brand, as well as snacks under the Bokados brand in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding history spanning 93 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 123 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 about Arca Continental, please visit www.arcacontal.com

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