ARCA CONTINENTAL S.A.B. DE C.V: EBITDA Grows 5.8% and Net Sales 5.3% in 1Q20

Arca Continental S.A.B. de C.V. issued the following announcement on April 23.

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 2020 ("1Q20").

RELEVANT DATA FOR THE FIRST QUARTER OF 2020

-Net Sales increased 5.3% compared to 1Q19 to Ps. 38,893 million.

-EBITDA registered Ps. 6,637 million, 5.8% higher than the same quarter last year and with a margin of 17.1%.

-Net Income grows 57.4% to Ps. 2,678 million with a margin of 6.9%.

DIRECTOR-GENERAL'S COMMENT

“Given the historical challenge of public health that we live at a global level, at Arca Continental we have focused, as the highest priority, on executing strict safety and hygiene measures to offer a healthy work environment to our collaborators. In parallel, we have also established community support programs for the health system, the most vulnerable groups and our value chain, while we seek to ensure the necessary supply of hydration, food and snacks in the different territories we serve, "he said. Arturo Gutiérrez, General Director of Arca Continental.

“Despite a complicated closure of the first quarter of this year, basically due to mobility restrictions and temporary client closings in the countries where we operate, the good start to the year that we achieved translated into growth of 5.3% in sales and 5.8% in EBITDA. To address this new market reality and mitigate as much as possible its impact on our performance, we have implemented a comprehensive program aimed primarily at optimizing operating expenses and investments, as well as rapidly adapting operating models in each stage of production, distribution and execution at the point of sale, accelerating the implementation of digital initiatives and direct sales to the home, seeking to protect profitability and be better positioned to resume sustainable growth, "he added.

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Source: Arca Continental S.A.B. de C.V.