Arca Continental B de C : 23 April 2020EBITDA GREW 5.8% WITH NET SALES UP 5.3% IN 1Q20
April 23, 2020 at 08:43 am EDT
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Monterrey, Mexico, April 23, 2020 - 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 2020 ('1Q20').
1Q20 HIGHLIGHTS
-Net Sales increased 5.3% when compared to 1Q19 to Ps. 38,893 million.
-EBITDA totaled Ps. 6,637 million, 5.8% higher than 1Q19 and for a margin of 17.1%.
-Net Income grew 57.4% to Ps. 2,678 million for a margin of 6.9%.
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
'In the face of the historic public health crisis we are experiencing throughout the world, at Arca Continental we have focused, with the utmost priority, on carrying out strict safety and hygiene measures to provide a safe workplace for our collaborators. In parallel, we have also established community support programs for the healthcare system, for the most vulnerable groups and for our value chain, while at the same time ensuring the supply necessary for hydration, food and snacks in the various territories we serve', stated Arturo Gutiérrez, Chief Executive Officer de Arca Continental.
'Despite a complicated close to the first quarter of this year, basically due to mobility restrictions and temporary closures for our customers in the countries in which we operate, the solid start we had for the year translated into growth of 5.3% in revenues and 5.8% in EBITDA. To serve under this new market reality and mitigate as much as possible its impact on our performance, we have set in motion a comprehensive program aimed mainly at optimizing our operating expenses and investments, as well as rapidly adapting our models of operation in every stage of production, distribution and execution at the point of sale, accelerating the implementation of digital initiatives and direct-to-home sales, seeking to protect profitability and be better positioned to return to sustainable growth', he added.
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About Arca Continental
Arca Continental produces, distributes, and markets non-alcoholic 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 93 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 visitwww.arcacontal.com
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Arca Continental SAB de CV published this content on 23 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2020 12:42:04 UTC
Arca Continental SAB de CV is a Mexico-based company primarily engaged in the beverages sector. The Company's activities are divided into two business segments: Beverages and Other. The Beverages division produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company (TCCC) license in Mexico, Argentina, Ecuador and Peru, as well as dairy beverages of the Santa Clara brand name in Mexico and Toni brand name in Ecuador. Its TCCC beverages portfolio includes cola and flavored drinks, vitamin, low-calorie and energetic drinks, juices, as well as purified and flavored water, among others. The Companyâs brand names range comprises Ciel, del Valle, Powerade, burn, FUZE Tea and vitaminwater, among others. The Other division focuses on the sale of beverages through vending machines in Mexico, as well as manufacture and distribution of snacks and candies under the brand names Bokados in Mexico, Inalecsa in Ecuador and Wise in the United States.
ARCA CONTINENTAL, S.A.B. DE C.V. 
