MONTERREY, MEXICO / ACCESSWIRE / February 16, 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 fourth quarter and twelve months of 2020 ("4Q20" and "12M20").
Table 1: Financial Highlights
COMMENTS FROM THE CHIEF EXECUTIVE OFFICER
"The combination of our scale, product portfolio, commercial platform, innovation and most importantly our great team of associates, allowed us to rise up and face one of the most challenging years in the history of the company. We delivered outstanding results, growing our sales and EBITDA by 4% and 5.7%, respectively, while expanding EBITDA margin by 30 basis points. Furthermore, we protected our profitability and future growth prospects, while strengthening all areas of business, particularly digital platforms, operating capabilities, and sustainability." said Arturo Gutiérrez, CEO of Arca Continental.
"For 2021, we are committed to reinforcing our results, by focusing on our execution at the point of sale, operational discipline, and liquidity, and as always, seeking to exceed customer and consumer expectations." he added.
CONFERENCE CALL INFORMATION
Arca Continental will host a conference call on February 16, 2021 to discuss these results at 10:00 am Mexico/Monterrey time / 11:00 am New York time. A live webcast of this event will be available at www.arcacontal.com or connect via telephone.
To participate, please dial:
Note: The full earnings release and information in the financial tables are available for download in MS Excel format at the following link: http://www.arcacontal.com/investors/financial-reports.aspx
About Arca Continental
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 visit www.arcacontal.com
This material may contain forward-looking statements regarding Arca Continental and its subsidiaries based on management's expectations. This information as well as statements regarding future events and expectations is subject to risks and uncertainties, as well as factors that could cause the results, performance, and achievements of the Company to differ at any time. Such factors include changes in the general economic, political, governmental, and commercial conditions both domestically and globally, as well as variations in interest rates, inflation rates, exchange rate volatility, tax rates, the demand for and the price of carbonated beverages, water, and the price of sugar and other raw materials used in the production of sparkling beverages, weather conditions and various others. As a result of these risks and factors, actual results could be materially different from the estimates provided; therefore, Arca Continental does not accept responsibility for any variations or for the information provided by official sources.
SOURCE: ARCA CONTINENTAL, S.A.B. DE C.V.
02/16/2021 EQS Newswire / EQS Group AG