Arca Continental S.A.B. de C.V. issued the following announcement on Feb. 19.
Arca Continental, SAB de CV (BMV: AC *) ("Arca Continental" or "AC"), the second largest Coca-Cola bottler in Latin America, announced its results for the fourth quarter and accumulated to December 2018 ("4Q18" and "12M").
RELEVANT DATA FOR THE FOURTH QUARTER OF 2018
Total Revenues grew 3.2% compared to 4Q17, reaching Ps. 40,148 million.
EBITDA registered Ps. 6,811 million with a margin of 17.0%.
Net Income reached Ps. 2,331 million, a decrease of 45.3%, with a margin of 5.8%
RELEVANT DATA FOR THE MONTH OF DECEMBER 2018
Total Revenues increased 14% with respect to 2017, to Ps. 158,953 million.
EBITDA increased 5.7%, reaching Ps. 27,467 million with a margin of 17.3%.
Net Income recorded Ps. 8,703 million with a margin of 5.5% and a decrease of 33.5%.
COMMENTARY OF THE DIRECTOR GENERAL
"In 2018 our sales exceeded $ 158 billion pesos for a growth of 14%, mainly due to the combination of an appropriate pricing strategy and a positive volume trend in Mexico and the United States. In South America, Peru continues its rapid recovery and Argentina demonstrates the ability of our employees to face challenging macroeconomic environments. It is important to note that even in a volatile environment of some of our main raw materials, the EBITDA of the company reached $ 27 billion pesos, a growth of 5.7% vs. 2017, "said Arturo Gutiérrez, CEO of Arca Continental.
"In line with our value creation plan, in 2019 we will direct our efforts to continue innovating and strengthening the different commercial initiatives, as well as to strengthen operations in the United States. Likewise, we will work to promote the rest of the territories and businesses, supported by our solid cultural principles, "he added.
Original source can be found here.
Source: Arca Continental S.A.B. de C.V.