KOF Delivers 11% Organic Currency Neutral Revenue Growth
April 24 2013 - 8:15AM
Marketwired
Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) ("Coca-Cola
FEMSA" or the "Company"), the largest franchise bottler in the
world, announces results for the first quarter of 2013.
- Reported total revenues reached Ps. 33,561 million in the first
quarter of 2013, remaining flat as compared to the first quarter of
2012, mainly as a result of high single-digit revenue growth in our
Mexico & Central America Division which compensated for a
negative translation effect resulting from the devaluation of the
Venezuelan bolivar, the Argentine peso and the Brazilian real. On a
currency neutral basis and excluding the non-comparable effect of
Grupo Fomento Queretano in Mexico, total revenues grew 10.8%.
- Reported consolidated operating income reached Ps. 4,074
million for the first quarter of 2013, representing a decrease of
5.6%. Our reported operating margin reached 12.1% in the first
quarter of 2013.
- Reported consolidated net income attributable to equity holders
of the Company was Ps. 2,434 million in the first quarter of
2013.
"Despite tough weather conditions and a volatile currency
environment during the quarter, our operators delivered solid,
profitable results thanks to local revenue management initiatives,
solid market execution, and the geographic diversification of our
franchise territories. Looking forward, we are confident that our
operators' skills, coupled with a benign commodity cost
environment, will enable us to achieve our targets for the full
year. During the quarter, our shareholders approved a dividend of
Ps. 2.90 per share, demonstrating our company's financial
flexibility and ability to return cash to shareholders, while
continuing to capitalize on opportunities arising from the
consolidation of the Coca-Cola bottling system. As always, we
continue to invest in our company's most important asset -- our
talented team of professionals -- to ensure the sustainable
development of our operations," said Carlos Salazar Lomelin, Chief
Executive Officer of the Company.
CONFERENCE CALL INFORMATION Our
first-quarter 2013 Conference Call will be held on April 24, 2013,
at 11:00 A.M. Eastern Time (10:00 A.M. Mexico City Time). To
participate in the conference call, please dial: Domestic U.S.:
888-339-2688 or International: 617-847-3007. We invite investors to
listen to the live audiocast of the conference call on the
Company's website, www.coca-colafemsa.com
If you are unable to participate live, an instant replay of the
conference call will be available through April 30, 2013. To listen
to the replay, please dial: Domestic U.S.: 888-286-8010 or
International: 617-801-6888. Pass code: 66144246
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes
Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages
of The Coca-Cola Company in Mexico (a substantial part of central
Mexico, including Mexico City, as well as southeast and northeast
Mexico), Guatemala (Guatemala City and surrounding areas),
Nicaragua (nationwide), Costa Rica (nationwide), Panama
(nationwide), Colombia (most of the country), Venezuela
(nationwide), Brazil (greater São Paulo, Campiñas, Santos, the
state of Mato Grosso do Sul, part of the state of Goias, and part
of the state of Minas Gerais), Argentina (federal capital of Buenos
Aires and surrounding areas) and Philippines (nationwide), along
with bottled water, juices, teas, isotonics, beer, and other
beverages in some of these territories. The Company has 60 bottling
facilities and serves close to 315 million consumers through more
than 2,500,000 retailers with more than 100,000 employees
worldwide.
Please click on this link to view the full version of the Press
Release on our Web Site http://www.coca-colafemsa.com
Investor Relations Jose Castro Email Contact (5255) 1519-5120 /
5121 Roland Karig Email Contact (5255) 1519-5186 Carlos Uribe Email
Contact (5255) 1519-5148 Website: www.coca-colafemsa.com
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