28 October 2021EBITDA GREW 6.4% WITH REVENUES UP 7.0% IN 3Q21
10/28/2021 | 08:53am EDT
Monterrey, Mexico, October 28, 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 third quarter and nine months of 2021 ("3Q21" and "9M21").
-Net Sales increased 7.0% when compared to 3Q20, to Ps. 47,946 million.
-EBITDA rose 6.4% to Ps. 9,198 million, for an EBITDA margin of 19.2%.
-Net Income grew 23.2% to Ps. 3,381 million for a net margin of 7.1%, up 100 basis points.
-Net Sales reached Ps. 134,228 million, representing an increase of 6.0%.
-EBITDA rose 11.8% to Ps. 26,279 million for margin of 19.6%, an expansion of 100 basis points.
-Net Income was Ps. 9,095 million, up 17.3% and representing a net margin of 6.8%.
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
"With our focus on constantly improving execution, expanding digital platforms and perfecting our price-pack strategies, for the second consecutive quarter we were able to grow our sales volume, up 7%, and increase EBITDA by 6.4%, which enabled us to sustain solid profitability levels and get closer to our goal of fully recovering to pre-pandemic consumption levels", stated Arturo Gutiérrez, Chief Executive Officer of Arca Continental.
"Driven by the commitment of our team, in 2022 we will seek to further strengthen our operating, innovation and market service capabilities, which together with our administrative discipline, will allow us to be better positioned to face the various business challenges ahead in order to continue building shared value", he added.
Arca Continental produces, distributes, and markets 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 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
Arca Continental SAB de CV published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 12:52:00 UTC.