Arca Continental B de C : 24 July 2020REVENUES GREW 2.3% WITH EBITDA UP 1.8% IN 2Q20
July 24, 2020 at 08:50 am EDT
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Monterrey, Mexico, July 24, 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 second quarter and first half of 2020 ('2Q20' and '6M20').
2Q20 HIGHLIGHTS
-Net Sales reached Ps. 42,945 million, up 2.3% when compared to 2Q19.
-EBITDA totaled Ps. 8,235 million, a margin of 19.2%, representing an increase of 1.8%.
-Net Income declined 17.1% to Ps. 2,335 million for a margin of 5.4%.
6M20 HIGHLIGHTS
-Net Sales increased 3.7% to Ps. 81,837 million.
-EBITDA totaled Ps. 14,872 million, 3.5% higher than 2Q19 for a margin of 18.2%.
-Net Income grew 10.9% to Ps. 5,013 million for a margin of 6.1%.
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
'In one of the most challenging quarters in our company's history, we carried out a comprehensive plan to deal with the health crisis, focused primarily on the safety of our team members and support for the community, as we adapted our service models to drive the competitiveness of our customers and the value chain. These actions, combined with strict control of expenses, enabled us to achieve 2.3% revenue growth and 1.8% in EBITDA at the consolidated level', stated Arturo Gutierrez, Chief Executive Officer of Arca Continental.
'Supported by the commitment and professionalism of our team, we will continue improving digital processes and execution at the point of sale in line with current market dynamics, and at the same time, seek to capitalize on our scale to protect the profitability of our business, maintaining a firm commitment to protect our people and serve the communities in which we operate', 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 94 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 24 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2020 12:50:14 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. 
