AC reports net sales grew 9.2% with EBITDA up 17.1% in 3Q2012
Monterrey, Mexico, october 24, 2012.– Arca Continental, S.A.B. de C.V. (BMV: AC*), the second-largest Coca-Cola bottler in Latin America announced today its results for the third quarter (“3Q12”).
Table 1. Financial Highlights:
Data in millions of mexican pesos.
3Q12 | 3Q11 | Variation % | Jan-Sep '12 | Jan-Sep '11 | Variation% | |
Total Beverage Volume (MUC) | 357.7 | 351.1 | 2.0 | 1,016.6 | 803.4 | 26.5 |
Net Sales | 14,629 | 13,396 | 9.2 | 41,766 | 30,750 | 35.8 |
Net Income | 1,496 | 1,337 | 11.8 | 3,965 | 2,808 | 41.2 |
EBITDA | 3,137 | 2,679 | 17.1 | 8,438 | 6,036 |
39.8 |
*Total Beverage Volume incluedes jug water
EBITDA= Operating Income + Depreciation + Amortizayion + Non Recurring Expenses
Numbres expresed under International Financial Reporting Standards (IFRS)
THIRD QUARTER 2012 (3Q12) HIGHLIGHTS:
- Net sales reached Ps. 14,629 million representing an increase of 9.2%
- EBITDA was Ps. 3,137 million with a margin of 21.4%, up 140 basis points
- Net income grew 11.8% to Ps. 1,496 million
FIRST NINE MONTHS 2012 (9M12) HIGHLIGHTS:
- Net sales reached Ps. 41,766 million representing an increase of 35.8%
- EBITDA reached Ps. 8,438 million, with a margin of 20.2%, up 100 basis points
-Net income grew 41.2% to Ps. 3,965 million
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER: “Driven by the stellar performance of our team, as well as the continuous investment and perfection of our market execution, in the third quarter of 2012 we reaffirmed our positive performance by achieving 9.2% growth in net sales, which reflects our strengthened ability as Arca Continental to drive forth our market leadership and continue reaching our growth objectives in a profitable manner,” stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
“Furthermore, I am very pleased to report that, based on a detailed integration plan, we are on track to reach our target of Ps. 1,400 million in synergies, in only 2 years. In addition, as part of our continual search for areas of improvement, we have once again raised our synergy target by an additional Ps. 150 million in 2014, for a total of Ps. 1,550 million,” concluded Garza Egloff.
Download the full 3Q12 reporthere.
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