Arca Continental S.A.B. de C.V. issued the following announcement on July 24.
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 second quarter of 2020 and accumulated to June 2020 ("2Q20" and "6M20").
RELEVANT DATA FOR THE SECOND QUARTER OF 2020
-Net Sales reached Ps. 42,945 million, an increase of 2.3% compared to 2Q19.
-EBITDA registered Ps. 8,235 million with a margin of 19.2%, representing an increase of 1.8% compared to the same quarter of the previous year.
-Net Income decreased 17.1% to Ps. 2,335 million with a margin of 5.4%.
RELEVANT DATA FOR THE ACCUMULATED AS OF JUNE 2020 (6M)
-Net Sales registered an increase of 3.7%, reaching Ps. 81,837 million.
-EBITDA was Ps. 14,872 million, 3.5% higher than 2019 with a margin of 18.2%.
-Net Income increased 10.9% to Ps. 5,013 million with a margin of 6.1%.
DIRECTOR-GENERAL'S COMMENT
“In one of the most challenging quarters in the history of the company, we executed a comprehensive plan to address the health crisis focused primarily on the health of employees and support for the community, as well as adapting our service models to promote the competitiveness of our customers and the value chain. These actions, together with a strict control of expenses, allowed us to achieve a growth in sales of 2.3% and 1.8% in EBITDA at a consolidated level, ”said Arturo Gutiérrez, CEO of Arca Continental.
“Supported by the dedication and professionalism of our team, we will continue to improve the digital and execution processes at the point of sale according to the current dynamics of the markets, while we will seek to capitalize on our scale to protect the profitability of the company. , maintaining the firm commitment to take care of our people and serve the communities where we operate, "he added.
Download the full report here.
Original source can be found here.
Source: Arca Continental S.A.B. de C.V.
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