ARCA CONTINENTAL, S.A.B. DE C.V.
ARCA CONTINENTAL REPORTS EBITDA GROWTH OF 11.0% WITH REVENUE UP 13.8% IN 1Q22
MONTERREY, MEXICO / ACCESSWIRE / April 29, 2022 / 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 first quarter of 2022 (“1Q22”). Table 1: Financial Highlights
1Q22 HIGHLIGHTS
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER “The deployment of our solid execution at the point of sale, efficient price-pack initiatives, and the operating discipline that sets us apart, enabled us to capitalize on the favorable consumer climate and economic reactivation, with volume growth in all the markets we serve, as well as increases in revenues and EBITDA of 13.8% and 11%, respectively. These results partially offset the effects of high volatility in the price of our key inputs”, explained Arturo Gutiérrez, Chief Executive Officer of Arca Continental. As we look ahead in 2022, we will remain focused on maintaining the growth momentum in sales through the use of innovative and sustainable commercial strategies that meet the needs of our customers and consumers, in order to continue delivering solid financial and operating results that exceed the expectations of our shareholders”, he added. ESG
RECENT EVENTS
The full earnings reports 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 April 29, 2022 at 9:00 am Mexico/Monterrey time, 10:00 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: 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 95 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 123 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. Attachment File: Tablas_ER_1Q22Final_BW
04/29/2022 EQS Newswire / EQS Group AG |