Arca Continental Reports Net Sales Growth of 9.2% with EBITDA up 17.1% in Third Quarter 2012
MONTERREY, Mexico--(BUSINESS WIRE)-- Arca Continental, S.A.B. de C.V. (BMV: AC*), the second-largest Coca-Cola bottler in Latin America announced today its results for the third quarter ("3Q12").
Table 1: Financial Highlights
Data in millions of Mexican pesos
Jan - Sep '12
Jan - Sep '11
Total Beverage Volume (MUC)
Total Beverage Volume includes jug water
EBITDA = Operating income + Depreciation + Amortization + Non Recurring Expenses
Numbers expresed under International Financial Reporting Standards or IFRS
THIRD QUARTER 2012 (3Q12) HIGHLIGHTS:
Net sales reached Ps. 14,629 million representing an increase of 9.2%
EBITDA was Ps. 3,137 million with a margin of 21.4%, up 140 basis points
Net income grew 11.8% to Ps. 1,496 million
FIRST NINE MONTHS 2012 (9M12) HIGHLIGHTS:
Net sales reached Ps. 41,766 million representing an increase of 35.8%
EBITDA reached Ps. 8,438 million, with a margin of 20.2%, up 100 basis points
Net income grew 41.2% to Ps. 3,965 million
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER:
"Driven by the stellar performance of our team, as well as the continuous investment and perfection of our market execution, in the third quarter of 2012 we reaffirmed our positive performance by achieving 9.2% growth in net sales, which reflects our strengthened ability as Arca Continental to drive forth our market leadership and continue reaching our growth objectives in a profitable manner," stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
"Furthermore, I am very pleased to report that, based on a detailed integration plan, we are on track to reach our target of Ps. 1,400 million in synergies, in only 2 years. In addition, as part of our continual search for areas of improvement, we have once again raised our synergy target by an additional Ps. 150 million in 2014, for a total of Ps. 1,550 million," concluded Garza Egloff.
For a full version of this release with financial statements, please visit: http://www.arcacontal.com
CONFERENCE CALL INFORMATION
Arca Continental will host a conference call TODAY, October 24, 2012 to discuss these results at 10:00 am Mexico/Monterrey time, 11:00 am New York time.
To participate, please dial:
+1 800 311 9401 (From within the U.S.)
+001 800 368 1029 (Toll free within Mexico)
+1 334 323 7224 (International participants)
Access code: 36151
There will also be a live webcast of this event and replay available at: http://www.arcacontal.com/inversionistas.aspx
About Arca Continental
Arca Continental produces and distributes non-alcoholic beverages under The Coca-Cola Company brand. Arca Continental was formed in 2011 through the merger of Embotelladoras Arca and Grupo Continental, making it the second-largest Coca-Cola bottler in Latin America and one of the largest in the world. Headquartered in Monterrey, the Company serves more than 53 million consumers in Northern and Western Mexico, Ecuador and Northern Argentina. Arca Continental also produces and distributes Bokados brand snack foods. The Company's shares trade on the Mexican Stock Exchange under the ticker symbol "AC".
For more information about Arca Continental, please visitwww.arcacontal.com
This material may contain forward-looking statements regarding Arca Continental and its subsidiaries based on management's expectations. This information as well as statements regarding future events and expectations is subject to risks and uncertainties, as well as factors that could cause the results, performance and achievements of the Company to differ at any time. Such factors include changes in the general economic, political, governmental and commercial conditions both domestically and globally, as well as variations in interest rates, inflation rates, exchange rate volatility, tax rates, the demand for and the price of carbonated beverages, water, and the price of sugar and other raw materials used in the production of soft drinks, weather conditions and various others. As a result of these risks and factors, actual results could be materially different from the estimates provided; therefore, Arca Continental does not accept responsibility for any variations or for the information provided by official sources.
Ulises Fernández de Lara, 52 (81) 8151-1525
Juan Hawach Sánchez, 52 (81) 8151-1547
i-advize Corporate Communications
Melanie Carpenter, 212-406-3692
Guillermo Garza, 52 (81) 8151-1589
KEYWORDS: United States Mexico North America Central America New York
The article Arca Continental Reports Net Sales Growth of 9.2% with EBITDA up 17.1% in Third Quarter 2012 originally appeared on Fool.com.
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