Arca Continental B de C : 16 July 2021EBITDA GREW 14.1% WITH REVENUE UP 6.7% IN 2Q21
July 16, 2021 at 08:31 am EDT
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Monterrey, Mexico, July 16, 2021 - 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 2021 ('2Q21' and '6M21').
2Q21 HIGHLIGHTS
-Net Sales reached Ps. 45,808 million, up 6.7% when compared to 2Q20.
-EBITDA rose 14.1% to Ps. 9,399 million, for an EBITDA margin of 20.5%, up 130 basis points.
-Net Income reached Ps. 3,130 million, up 34.0% and representing a net margin of 6.8%.
6M21 HIGHLIGHTS
-Net Sales reached Ps. 86,282 million, representing an increase of 5.4%.
-EBITDA rose 14.9% to Ps. 17,081 million for margin of 19.8%, 160 basis points higher than in 6M20.
-Net Income grew 14.0% to Ps. 5,715 million, representing a net margin of 6.6%, up 50 basis points.
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
'Thanks to our efforts to support customers during the pandemic, we capitalized on the recovery of consumption in key segments, as mobility restrictions and lockdowns were partially lifted, delivering sound financial results in the second quarter of 2021, with sales and EBITDA growing 6.7% and 14.1%, respectively,' said Arturo Gutiérrez, Chief Executive Officer of Arca Continental.
'Our operational flexibility and the commitment of our associates were key factors to further improve our performance, adapting our portfolio to the needs of our customers and consumers, combined with a dynamic digital transformation. In the second half of the year, we will continue to face significant challenges in the market, and we are confident that our price-pack architecture, product portfolio, and financial discipline will continue to drive value creation,' he added.
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Arca Continental SAB de CV published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 12:30:07 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. 
