Arca Continental S.A.B. de C.V. issued the following announcement on Nov. 8.
Managers of Arca Continental, one of the largest Coca-Cola bottlers in the world, highlighted yesterday in a meeting with analysts in this city, the leadership of the company in the market, as well as as its competitive advantages and financial strength.
"We have the strength and agility to continue driving the positive performance of Arca Continental, based on a successful execution, which has prepared and above all committed people, as well as a broad portfolio of products and an excellent service to its customers and consumers" , said Francisco Garza Egloff, CEO of Arca Continental.
"We serve very attractive markets with a very balanced geographic diversity, which implies, on the one hand, serving countries with high volumes, a stable operation and a great tradition of consumption of our products, such as Mexico and the United States, especially the of Texas and Oklahoma, and on the other hand, serve other countries with high growth potential in our business, such as Ecuador and Peru, "he explained.
The executive added that additionally for the Mexican market, the preliminary agreement reached on the trade agreement with the United States and Canada (T-MEC) will ensure the continuity of trilateral trade and the development of the Mexican economy, which will favorably impact the territories it serves. the company, where consumption continues strong, and a further improvement is foreseen with the boost that will be given to the northern border as mentioned among the priorities of the next government.
Arturo Gutiérrez, Deputy General Director, commented that in the operations in the United States, the commercial execution continues to be perfected, gaining market share, with special focus on increasing the productive efficiency to capitalize income and cost synergies, as well as optimizing the structure of the organization, which will bring very important savings that strengthen the synergies plan for 90 million dollars a year in this business.
For the operations in Peru, they explained that they represent a great opportunity for growth in the medium term, with a lot of room to grow in soft drinks and non-carbonated beverages, the former combined with good economic prospects and stability in that country.
"We continue to capture synergies and move forward in optimizing costs from recent investments," Gutiérrez added.
Other pillars of the company highlighted in its meeting with analysts were the solid financial structure with a low risk of leverage from Net Debt to EBITDA of 1.4 times, 44% of revenues denominated in dollars, 97% of debt without risk exchange rate because it is in the local currency of each country, as well as 72% of the liabilities at a very favorable and competitive fixed rate, reaching the highest credit rating for corporations in Mexico.
The foregoing, they commented, allows us to continue investing in the supply chain and especially in the market, to always maintain the best service and customer service and an excellent execution at the point of sale, reaffirming the commercial leadership of Arca Continental.
The executives added that the innovation culture of the company is reinforced every day, which was exemplified by the technification project of at least 5,000 retailers projected by the end of 2018, which will allow these points of sale of the Traditional Canal to make collections. with credit card and offer other services, increasing your capacity and your sales.
In summary, they assured that Arca Continental has a strong financial base that gives peace of mind for next year and maintains a positive expectation in the markets that operate, strengthened with a corporate culture oriented to continuous innovation and the commitment to continue serving its customers. customers and consumers with excellence in service and a broad product portfolio, in a profitable and sustainable manner, as it has done throughout its history.
Original source can be found here.
Source: Arca Continental S.A.B. de C.V.
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