Arca Continental S.A.B. de C.V. issued the following announcement on Oct. 25.
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 third quarter and accumulated as of September 2019 (“3Q19” and “9M19”).
RELEVANT DATA FOR THE THIRD QUARTER OF 2019
-Net sales were 6.7% higher compared to 3Q18, reaching Ps. 42,415 million.
-EBITDA registered Ps. 8,024 million with a margin of 18.9%, an increase of 11.4% compared to 3Q18.
-Net income increased 15.5% reaching a margin of 6.4% and an amount of Ps. 2,733 million.
RELEVANT DATA FOR ACCUMULATED AS OF SEPTEMBER 2019 (9M)
-Net sales reached Ps. 121,319 million representing an increase of 4.4%.
-EBITDA reached Ps. 22,387 million with a margin of 18.5%.
-Net income grows 13.8% to Ps. 7,252 million with a margin of 6%
DIRECTOR GENERAL'S COMMENT
“The deployment of digital initiatives and operational discipline in the countries we serve, combined with a planned price / packaging structure, allowed us to increase our sales by 6.7% in the third quarter and achieve a significant growth of 11.4% in the operating flow (“EBITDA”) ”, explained Arturo Gutiérrez, General Director of Arca Continental.
“Seeking to have a solid closing of the year, we will continue to focus on strengthening the bond with our customers and consumers as an important part of our priorities, leveraged on innovation, continuous improvement of business strategies and the commitment of our employees to lead the change. in all our operations, ”he added.
Original source can be found here.
Source: Arca Continental S.A.B. de C.V.