Arca Continental S.A.B. de C.V. issued the following announcement on April 26.
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 first quarter of 2019 ("1Q19").
RELEVANT DATA FOR THE FIRST QUARTER OF 2019
Net Sales reached Ps. 36,921 million, 2.2% higher than in 1Q18.
-EBITDA registered Ps. 6,272 million, 6.1% higher than the previous year and with a margin of 17%.
Net Income grows 28.2% to Ps. 1,701 million, with a margin of 4.6%
COMMENTARY OF THE DIRECTOR GENERAL
"Focused on continuing to strengthen our operational efficiency, execution at the point of sale, as well as a precise price architecture in the different regions where we operate, during the first quarter we achieved a growth in EBITDA of 6.1% and an expansion of 60 margin of 60 points, driven by a committed team of collaborators, who have demonstrated their ability to overcome challenges and provide excellent service to the needs of our customers and consumers, "said Arturo Gutiérrez, CEO of Arca Continental.
"In line with the above and despite high prices in some raw materials, our subsidiary in the United States once again recorded positive results, thanks to an effective business plan and the realization of synergies, which has allowed us to improve profitability and continue delivering favorable results to our shareholders. "
Original source can be found here.
Source: Arca Continental S.A.B. de C.V.