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EBITDA grew 7.8% and Revenues increased 2.1% in 3Q23

Monterrey, Mexico, October 26, 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 third quarter and first nine months of 2023 (“3Q23” and “9M23”).

 

Table 1: Financial Highlights

 

Captura2

 

3Q23 HIGHLIGHTS

  • Net Sales increased 2.1% when compared to 3Q22, reaching Ps. 56,911 million.
  • EBITDA grew 7.8% to Ps.11,509 million for a margin of 20.2%.
  • Net Income totaled Ps. 4,537 million, up 7.3%, reaching a margin of 8%.

 

9M23 HIGHLIGHTS

  • Net Sales increased 5.5%, when compared with 9M22, to Ps. 163,646 million.
  • EBITDA totaled Ps. 32,374 million, 9.2% higher than in 3Q22, for a margin of 19.8%.
  • Net Income grew 12.2% to Ps. 12,961 million for a margin of 7.9%.

 

COMMENTS FROM THE CHIEF EXECUTIVE OFFICER

"In this third quarter, the substantial increase in both Volume by 7.4% and EBITDA by 7.8% demonstrates that we continue to make progress on the path of profitable and sustainable growth that we charted on over 97 years as Coca-Cola bottler, with the commitment of all our associates to making a positive difference in the communities we serve," said Arturo Gutiérrez, CEO of Arca Continental.

 

"Seeking to have a strong year-end, we will be focused on capturing new opportunities with our broad product portfolio, strengthening our execution capabilities, and quickly adopting our digital tools as we continue to advance with our sustainability agenda," he added.

 

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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 128 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”.


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