MONTERREY, Mexico--(BUSINESS WIRE)--Arca Continental, S.A.B. de C.V. (“AC” or the “the Company”) (BMV: AC*), the second-largest Coca-Cola bottler in Latin America announced today its unaudited results for the fourth quarter (“4Q11”) and twelve months ended December 31, 2011.
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Table 1: Financial Highlights |
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Data in millions of mexican pesos |
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4Q11 |
4Q10 |
Variation % |
Jan - Dec '11 |
Jan - Dec '10 |
Variation % |
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Total Beverage Volume (MUC) |
322 |
203 |
58.7 |
1,125 |
700 |
60.9 |
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Net sales |
13,830 |
7,894 |
75.2 |
44,672 |
27,060 |
65.1 |
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Net income |
974 |
506 |
92.5 |
3,915 |
2,632 |
48.8 |
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EBITDA |
2,172 |
1,485 |
46.3 |
8,528 |
5,443 |
56.7 |
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Beverage total volume with jug |
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EBITDA = Operating Income + Depreciation + Amortization |
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FOURTH QUARTER 2011 (4Q11) HIGHLIGHTS:
- Net sales increased 75.2% (20.2% on a pro forma basis)
- Volume rose 58.7% (4.0% on a pro forma basis)
- EBITDA grew 46.3% (4.1% on a pro forma basis)
TWELVE MONTHS 2011 (12M11) HIGHLIGHTS:
- Net sales reached Ps. 44,672 million, an increase of 65.1% (Ps. 50,802 million, 15.3% on a pro forma basis)
- EBITDA grew Ps. 8,528 million, a margin of 19.1% (Ps. 9,591 million, 18.9% on a pro forma basis)
- Net income increased 48.8% to Ps. 3,915 million, (3.1% to Ps. 4,570 million on a pro forma basis)
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER:
”I am pleased to report that we achieved favorable year-end results with net sales above expectations and a significant increase in EBITDA, by overcoming the challenge of rising costs of key inputs in our industry. We reaped the rewards of our constant investment in the market and continuous efforts to improve our operation by implementing best practices in all aspects of execution: production, distribution, portfolio, supply, pricing architecture, among others.
“In 2012 we expect the peso/dollar exchange rate, as well as the price of sweeteners, to stabilize to more favorable levels. This, combined with the benefits we expect to obtain from synergies in Mexico and the investments made in South America, point to a year of solid growth and profitability for our Company,” stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
For a full version of this release, please visit: http://www.arcacontal.com
CONFERENCE CALL INFORMATION
Arca Continental will host a conference call on February 22, 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 available at: http://www.arcacontal.com/#investors-screen
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, visit www.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.