ARCA CONTINENTAL, S.A.B. DE C.V.
ARCA CONTINENTAL (BMV: AC) REPORTS EBITDA GROWTH OF 9.4% WITH REVENUE UP 7.1% IN 4Q22
MONTERREY, MEXICO / ACCESSWIRE / February 9, 2023 / Arca Continental, S.A.B. de C.V. (BMV:AC*) (“Arca Continental” or “AC”), the second-largest Coca-Cola bottler in Latin America, announced its results for the fourth quarter and full year 2022 (“4Q22” and “12M22”). Table 1: Financial Highlights ![]() 4Q22 HIGHLIGHTS
12M22 HIGHLIGHTS
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER “In 2022 we surpassed Ps. 200 billion in annual net sales for the first time in our company’s history, closing the year at Ps. 207,785 billion, 13.3% higher than in 2021, with an 11.9% increase in EBITDA, as a result of the efforts and professionalism of our associates, who responded in an agile and effective manner to an environment of macroeconomic volatility, and, given every opportunity, boosted commercial execution with excellence, portfolio innovation and digitalization strategies to improve our service and attention to customers and consumers”, stated Arturo Gutiérrez, CEO of Arca Continental. “In 2023 we will continue implementing initiatives that create value and take advantage of the growth opportunities within our new collaboration framework with The Coca-Cola Company signed in 2022, including the expansion into new beverage categories while we advance on our route for sustainable growth, always seeking to make a positive difference in the communities we serve”, he added. ESG
RECENT EVENTS
Please note: A full version of the earnings release and financial tables available for download in MS Excel format can be accessed at the following link: http://www.arcacontal.com/investors/financial-reports.aspx CONFERENCE CALL INFORMATION Arca Continental will host a conference call to discuss these results on February 9, 2023 at 10:00 am Mexico/Monterrey time, 11:00 am New York time. A live webcast of this event will be available at www.arcacontal.com or via telephone using the following numbers: To participate, please dial: +1-800-225-9448 (U.S. participants) About Arca Continental Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks under the Bokados brand in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding history spanning more than 96 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America, and one of the largest in the world. Through its Coca-Cola franchise, the company serves more than 125 million people in the Northern and Western regions in Mexico, as well as in Ecuador, Peru, in the Northern region of Argentina, and in the Southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the ticker “AC”. For more information about Arca Continental, please visit www.arcacontal.com This material may contain forward-looking statements regarding Arca Continental and its subsidiaries based on management’s expectations. This information as well as statements regarding future events and expectations is subject to risks and uncertainties, as well as factors that could cause the results, performance, and achievements of the Company to differ at any time. Such factors include changes in the general economic, political, governmental, and commercial conditions both domestically and globally, as well as variations in interest rates, inflation rates, exchange rate volatility, tax rates, the demand for and the price of carbonated beverages, water, and the price of sugar and other raw materials used in the production of sparkling beverages, weather conditions and various others. As a result of these risks and factors, actual results could be materially different from the estimates provided; therefore, Arca Continental does not accept responsibility for any variations or for the information provided by official sources. SOURCE: ARCA CONTINENTAL, S.A.B. DE C.V.
02/09/2023 EQS Newswire / EQS Group AG |