Arca Continental Reports Revenue Growth Of 16.6 Percent With EBITDA Up 16.8 Percent In 1Q17
Source Arca Continental
MONTERREY, Mexico--(BUSINESS WIRE)--Arca Continental, S.A.B. de C.V. (BMV: AC*) (“Arca Continental” or “AC”), the second-largest Coca-Cola bottler in Latin America, announced today its results for the first quarter of 2017 (“1Q17”).
Q17 HIGHLIGHTS
- Net sales reached Ps. 24,802 million, 16.6% higher than in 1Q16.
- EBITDA was Ps. 5,002 million, representing a margin of 20.2%, 16.8% higher than 1Q16.
- Net income declined by 7.6% to Ps. 1,729 million for a margin of 7%.
COMMENTS FROM THE CEO
“In the first quarter of the year we continued to deliver solid results, with top line growth of 16.6% and EBITDA up 16.8%, thanks to our ability to evolve through innovation in our market execution initiatives, as well as adapt efficiently to climates of economic volatility, always committed to our philosophy of satisfying the needs of our clients and consumers to continue delivering positive results”, commented Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
"As such, on April 1st we closed the transaction to become the first Latin American bottler to operate a Coca-Cola franchise in the U.S., in the state of Texas and parts of Oklahoma, New Mexico and Arkansas, which will expand our geographic footprint in the American continent and give us access to a potential market of 30 million consumers, allowing us to reach a third of our sales in dollars to further strengthen our financial position”, he added.
