Organización Cultiba, S.A.B. de C.V. Announces Unaudited Consolidated Operating and Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
October 18, 2016
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Organización Cultiba, S.A.B. de C.V. announced unaudited consolidated operating and earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total case volume was 432.6 MM unit against 442.5 MM unit a year ago.
For the nine months, the company reported total case volume was 1,264.5 MM unit against 1,252.9 MM unit a year ago.
For the quarter, the consolidated company reported total revenue was MXN 10,204 million against MXN 10,263 million a year ago. Income from operations was MXN 423 million against MXN 508 million a year ago. Total EBITDA was MXN 969 million against MXN 992 million a year ago. Net income was MXN 310 million against MXN 15 million a year ago. Income before tax provisions was MXN 514 million against MXN 185 million a year ago. On beverages, total revenue was MXN 9,685 million against MXN 9,276 million a year ago. Income from operations was MXN 539 million against MXN 491 million a year ago. Total EBITDA was MXN 1,060 million against MXN 1,009 million a year ago. Net income was MXN 538 million against MXN 204 million a year ago. Net debt as of September 30, 2016 was MXN 5,740 million against MXN 3,230 million as of December 31, 2015.
For the nine months, the consolidated company reported total revenue was MXN 29,852 million against MXN 28,013 million a year ago. Income from operations was MXN 1,459 million against MXN 1,085 million a year ago. Total EBITDA was MXN 3,179 million against MXN 2,741 million a year ago. Net income was MXN 697 million against MXN 110 million a year ago. Capital expenditures through September 30, 2016 were MXN 2,489 million, compared to MXN 1,617 million in the same period of 2015. Income before tax provisions was MXN 1,336 million against MXN 509 million a year ago. On beverages, total revenue was MXN 27,964 million against MXN 25,858 million a year ago. Income from operations was MXN 1,512 million against MXN 955 million a year ago. EBITDA was MXN 3,073 million against MXN 2,541 million a year ago. Net income was MXN 1,015 million against MXN 385 million a year ago.
Organizacion Cultiba SAB de CV (Cultiba) is a Mexico-based holding company principally engaged, together with its subsidiaries, in the beverages industry. The Company has license from Pepsi-Co Inc to produce, distribute and sell mainly the Pepsi Cola, Manzanita Sol, Mirinda, Kas, Gatorade, Lipton, Be Light, Mountain Dew and Seven Up soft drink trademarks. The Company also produces and distributes bottled water under the Trisoda, Santorini and Junghanns brands, among others. In addition, the Company is involved in the production of cane sugar and molasses. The Company owns such subsidiaries as Geusa SA de Tala Electric SA de CV, Agroestevia SA de CV, Geupec Administracion SA de CV, Ingenio Rosales SA de CV and Embotelladora Valle de Oaxaca SA de CV, among others. On August 31, 2013, Cultiba incorporated Grupo Azucarero Mexico SA de CV (GAM) and Controladora de Negocios Azucareros SA de CV (CONASA).
Organización Cultiba, S.A.B. de C.V. Announces Unaudited Consolidated Operating and Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
ORGANIZACIÓN CULTIBA, S.A.B. DE C.V. 
