Coca-Cola FEMSA: 2013 Second-Quarter and First Six Months Results
July 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 second quarter of 2013.
- Reported total revenues reached Ps. 36,260 million in the
second quarter of 2013, remaining flat as compared to the second
quarter of 2012, mainly as a result of a 6.3% revenue growth in our
Mexico & Central America division which compensated for a
negative translation effect resulting from the devaluation of the
currencies in our South America division. On a currency neutral
basis and excluding the non-comparable effect of Grupo Fomento
Queretano and Grupo Yoli in Mexico, total revenues grew 12.7%.
- Reported consolidated operating income reached Ps. 5,142
million for the second quarter of 2013, representing an increase of
9.1%. Our reported operating margin reached 14.2% in the second
quarter of 2013, an expansion of 120 basis points.
- Reported consolidated net income attributable to equity holders
of the company was Ps. 2,807 million in the second quarter of
2013.
"Amid a continued challenging consumer environment and increased
exchange rate volatility, our operators delivered solid
currency-neutral results and consolidated margin expansion,
capitalizing on the diversified and balanced geographic footprint
we have created over the past decade. We are pleased to enlarge our
family of employees through the integration of Grupo Yoli's
franchise territories in Mexico and our recently announced
agreement to acquire the Fluminense franchise territory in Brazil.
The transactions that we have performed underscore our continued
commitment to focus on the opportunities arising in the Latin
American beverage industry. As we look forward to the second half
of the year, we are confident that our company has developed the
skills and talent necessary to achieve our business plan and
continue to create value for all of our stakeholders," said Carlos
Salazar Lomelin, Chief Executive Officer of the Company.
CONFERENCE CALL INFORMATION
Our second-quarter 2013 Conference Call will be held on July 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.:
888-430-8691 or International: 719-457-2627. Participant passcode:
2263062. Alternatively, participants can log into
www.coca-colafemsa.com for a live audio webcast of the conference
call.
If you are unable to participate live, the conference call audio
will be available at www.coca-colafemsa.com.
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 62 bottling
facilities and serves 317 million consumers through close to
2,700,000 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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