Becle, S.A.B. De C.V. Announces Consolidated Financial Results for the First Quarter Ended March 31, 2017
April 27, 2017
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Becle, S.A.B. de C.V. announced consolidated financial results for the first quarter ended March 31, 2017. Net sales were MXN 4,843 million compared to MXN 4,930 million a year ago. Operating profit was MXN 1,106 million compared to MXN 1,498 million a year ago. Profit before tax was MXN 943 million compared to MXN 639 million a year ago. Net income was MXN 654 million compared to MXN 437 million a year ago. Adjusted EBITDA was MXN 1,198 million compared to MXN 1,609 million a year ago. Cash from operating flows was MXN 422,132 million compared to cash outflow from operating activity of MXN 64,725 million a year ago. CAPEX was MXN 63,091 million compared to MXN 56,860 million a year ago.
Becle SAB de CV is a Mexico-based company engaged in the beverages industry. The Company focuses on the production, bottling, trade and distribution of alcoholic and non-alcoholic beverages. Its offer includes various types of tequila distributed under own Jose Cuervo brand name, non-alcoholic drinks, ready-to-drink beverages, as well as other distilled alcohols distributed under third-party brand names, including Three Olives, Hangar 1, Stranahan's, Bushmills and Boodles. Its distribution chain comprises operations in the United States, Mexico and other countries. In addition, the Company is involved in the farming and processing of blue agave. The Company owns a number of subsidiaries, such as Tequila Cuervo la Rojena SA de CV, Casa Cuervo SA de CV and Azul Agricultra y Servicios SA de CV.
BECLE, S.A.B. DE C.V. 
