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Revenue grew 6.2% and EBITDA increased 16.1% in 3Q22

Monterrey, Mexico, October 26, 2022 – 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 2022 (“3Q22” and “9M22”).

Highlights _3T22

 

3Q22 HIGHLIGHTS
- Net Sales were 16.2% higher than 3Q21, reaching Ps. 55,723 million.
- EBITDA was Ps. 10,675 million for a margin of 19.2%, up 16.1% versus 3Q21.
- Net Income increased 25.1% for a margin of 7.6% and a total of Ps. 4,230 million.

9M22 HIGHLIGHTS
- Net Sales reached Ps. 155,151 million, representing an increase of 15.6%.
- EBITDA totaled Ps. 29,639 million for a margin of 19.1%, 12.8% higher than 2021.
- Net Income increased 26.9% to Ps. 11,547 million for a margin of 7.4%.

COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
“Based on a solid commercial strategy, which combines new digital capabilities and a robust price-pack architecture, we strengthened the profitability of the business in an environment of volatile raw material prices and supply chain disruptions, achieving growth of 16% in both revenue and EBITDA for the third quarter of 2022”, stated Arturo Gutierrez, Chief Executive Officer of Arca Continental.

"As the end of the year approaches, we will seek to maintain our pace of profitable growth and prepare to capitalize in 2023 the new business opportunities resulting from the long-term collaboration agreement we recently signed with The Coca-Cola Company for our operations in Latin America, while always striving to create shared value for our customers, consumers, and the communities in which we operate”, 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 and Deep River in the United States. With an outstanding history spanning more than 96 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 125 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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