Skip to main content

Arca Continental Reports Net Sales Growth of 6.7% With EBITDA up 11.4% in 3Q19

Written by Customer Service on . Posted in Public Companies.

MONTERREY, Mexico, Oct. 25, 2019 (GLOBE NEWSWIRE) — 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 nine months of 2019 (“3Q19” and “9M19”).Table 1: Financial Highlights 

3Q19 HIGHLIGHTS
Net Sales increased 6.7% when compared to 3Q18, to Ps. 42,415 million.EBITDA reached Ps. 8,024 million with a margin of 18.9%, up 11.4% when compared to 3Q18.Net Income increased 15.5% for a margin of 6.4% to reach Ps. 2,733 million.9M19 HIGHLIGHTSNet Sales reached Ps. 121,319 million representing an increase of 4.4%.EBITDA reached Ps. 22,387 million representing a margin of 18.5%.Net Income grew 13.8% to Ps. 7,252 million for a margin of 6%.COMMENTS FROM THE CHIEF EXECUTIVE OFFICER“The deployment of our digital initiatives and operating discipline, combined with our flexible price/pack architecture, enabled us to increase our sales by 6.7% in the third quarter, with significant growth in operating cash flow (“EBITDA”) of 11.4%,” stated Arturo Gutiérrez, Chief Executive Officer of Arca Continental.“Seeking to have a solid close to the year, we will continue to focus on strengthening our customer and consumer ties as an important part of our priorities, supported by innovation, continuous improvement of commercial strategies and the commitment of our team to be the leaders of change in all our operations.”RECENT EVENTSOn September 18, 2019, Arca Continental was selected to become member of the Dow Jones Sustainability Index for Latin America for the 2019-2020 period, as one of the companies with the best results in terms of environmental, social and corporate governance management.On August 23, 2019, we carried out an investor event in New York City. Our CEO presented the Company’s strategic priorities.On July 31, 2019, Fitch Ratings announced the ratification of the investment grade rating “A” for Arca Continental and AC Bebidas, at the global and local level, and raised Arca Continental Lindley’s rating from “A-” to “A” in Peru.On July 18, 2019, we ratified the designation of Pricewaterhouse Coopers, S.C. as the firm in charge of providing auditing services for our financial statements. In addition, Ernst & Young will be the Company’s external auditor effective fiscal year 2020. CONFERENCE CALL INFORMATIONArca Continental will host a conference call on October 25, 2019 to discuss these results at 10:00 am Mexico/Monterrey time / 11:00 am New York time. A live webcast of this event will be available at www.arcacontal.com or connect via telephone.To participate, please dial:
+1-877-712-5080 (U.S. participants)
+1-334-245-3009 (International participants)
0-1-800-062-2650 (Mexico participants)
Passcode:  36151Please Note: The full earnings release in PDF and information in the financial tables available for download in MS Excel format are now available at the following link: http://www.arcacontal.com/investors/financial-reports.aspxAbout Arca Continental
Arca Continental is a company dedicated to the production, distribution, and sale of non-alcoholic beverages which are brand names of The Coca-Cola Company as well as salty snacks under the brands of Bokados in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding track record of more than 93 years, Arca Continental is the second largest Coca-Cola bottling company in Latin America and one of the most important in the world. Within its Coca-Cola franchise, the company serves a population of more than 119 million in the northern and western parts of Mexico as well as Ecuador, Peru, the northern region of Argentina and the Southwestern U.S. Arca Continental is listed on the Mexican Stock Market under the ticker symbol “AC”. For further information about Arca Continental, please visit www.arcacontal.comThis 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 sparkling beverages, 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.Additional Financial Information

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.