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EBITDA GREW 7.5% AND REVENUES INCREASED 4.7% IN 2Q24

Monterrey, Mexico, July 18, 2024 – 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 second quarter of 2024 and first half of 2024 (“2Q24” and “6M24”).

 

Table 1: Financial Highlights

Financial Report Chart 2Q24

 

 

2Q24 HIGHLIGHTS

  • - Net Sales increased 4.7% compared to 2Q23, to Ps. 58,702 million.
  • - EBITDA grew 7.5% to Ps.12,167 million with a margin of 20.7%, the highest margin in the last 7 years.
  • - Net Income totaled Ps. 5,404 million, up 15.2%, reaching a margin of 9.2%.

 

1H24 HIGHLIGHTS

  • - Net Sales increased 2.5% compared with 1H23, to Ps. 109,445 million.
  • - EBITDA grew 4.6% to Ps. 21,831 million with a margin of 19.9%.
  • - Net Income totaled Ps. 9,165 million, up 8.8%, reaching a margin of 8.4%.

 

COMMENTS FROM THE CHIEF EXECUTIVE OFFICER

 

“Thanks to our execution capabilities at the point of sale to serve a dynamic context, coupled with a proven price-pack strategy and the effective management of raw materials, during 2Q24, we achieved an increase of 4.7% in revenues and 7.5% in EBITDA, which strengthens our sustainable business model and continues positioning us as a company that drives shared value creation for our associates, investors and the communities we serve”, stated Arturo Gutiérrez, Chief Executive Officer of Arca Continental.

 

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  • About Arca Continental
  • Arca Continental is a company engaged in the production, distribution and sale of beverages under the brands owned by The Coca-Cola Company. The Coca-Cola Company, as well as salty snacks under the brands Bokados in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding track record of more than 98 years, Arca Continental is the second largest Coca-Cola bottler in the Americas and one of the most important in the world. Through its Coca-Cola franchise, the company serves a population of more than 128 million in the northern and western regions of Mexico, as well as in Ecuador, Peru, the northern region of Argentina and the southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the symbol "AC". For more information about Arca Continental, please visit http://www.arcacontal.com/.


 

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