Arca Continental B de C : 23 April 2021EBITDA grew 15.7% with Revenue up 4.1% in 1Q21
April 23, 2021 at 08:24 am EDT
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Monterrey, Mexico, April 23, 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 first quarter of 2021 ('1Q21').
1Q21 HIGHLIGHTS
-Net Sales increased 4.1% when compared to 1Q20 to Ps. 40,475 million.
-EBITDA totaled Ps. 7,681 million, 15.7% and EBITDA margin of 19.0% for an expansion of 190 basis points.
-Net Income declined 3.5% to Ps. 2,585 million, representing a net margin of 6.4%.
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
'One year after the outset of the pandemic and its impact to the countries in which we operate, we continue to focus on maintaining a safe workplace for our associates, while supporting healthcare systems and vulnerable groups. We are also contributing to economic reactivation efforts as we keep the pace of initiatives to widen our broad portfolio of products, improve and innovate service models and drive strategic sustainability projects. In line with this strategy, we delivered solid quarterly results, achieving an increase in sales of 4.1% and an EBITDA growth of 15.7%, for a margin expansion of 190 basis points', said Arturo Gutiérrez, CEO of Arca Continental.
'In 2021, we will continue to focus on the recovery of consumption in our markets, and in expanding the scope of our digital initiatives to face the new consumer dynamics and trends, while we sustain our company's profitability and liquidity based on our proven operational discipline', he added.
About Arca Continental
Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks in Mexico, Ecuador, and the United States. With an outstanding history spanning more than 95 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 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2021 12:23:06 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.