ARCA CONTINENTAL, S.A.B. DE C.V.
Arca Continental (BMV: AC) reports EBITDA growth of 11.0% with revenue up 16.5% in 2Q22
MONTERREY, MEXICO / ACCESSWIRE / July 22, 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 second quarter and first half of 2022 (“2Q22” and “6M22”). 2Q22 HIGHLIGHTS
6M22 HIGHLIGHTS
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER “By continuously improving the implementation of our commercial model, and with a clear focus on digital initiatives to enhance customer service at the point of sale, we grew net sales by 16.5% and net profit 34.9% in the quarter, reflecting the operating and financial discipline that we are known for, and the firm commitment of our associates in the face of a challenging environment,” said Arturo Gutiérrez, CEO of Arca Continental. “In the second half of 2022, we will keep deploying innovative strategies in the marketplace to meet the needs of customers and consumers, as well as actions to support our communities, against the backdrop of high inflation and disruptions in the supply chain”, 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 July 22, 2022 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) Passcode: 36151 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.
07/22/2022 EQS Newswire / EQS Group AG |