ARCA CONTINENTAL, S.A.B. DE C.V.
ARCA CONTINENTAL (BMV: AC) REPORTS REVENUE GROWTH OF 16.2% WITH EBITDA INCREASING 16.1% IN 3Q22
MONTERREY, MEXICO / ACCESSWIRE / October 26, 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 third quarter and first nine months of 2022 (“3Q22” and “9M22”). Table 1: Financial Highlights ![]() 3Q22 HIGHLIGHTS
9M22 HIGHLIGHTS
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER “Based on a solid commercial strategy, which combines new digital capabilities and a robust price-pack architecture, we strengthened the profitability of the business in an environment of volatile raw material prices and supply chain disruptions, achieving growth of 16% in both revenue and EBITDA for the third quarter of 2022”, stated Arturo Gutierrez, Chief Executive Officer of Arca Continental. As the end of the year approaches, we will seek to maintain our pace of profitable growth and prepare to capitalize in 2023 the new business opportunities resulting from the long-term collaboration agreement we recently signed with The Coca-Cola Company for our operations in Latin America, while always striving to create shared value for our customers, consumers, and the communities in which we operate”, 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 October 26, 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: 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 Attachment File: Tablas_ER_3Q22Final_BW
10/26/2022 EQS Newswire / EQS Group AG |