2013 Third-Quarter and First Nine-Month Results
October 24 2013 - 8:15AM
Marketwired
2013 Third-Quarter and First Nine-Month Results
MEXICO CITY, MEXICO--(Marketwired - Oct 24, 2013) - 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 third quarter of 2013.
- Reported total revenues reached Ps. 37,494 million in the third
quarter of 2013, an increase of 3.6% as compared to the third
quarter of 2012. Excluding the integration of Grupo Yoli ("Yoli")
in our Mexican territories and Companhia Fluminense de
Refrigerantes ("Fluminense") in our Brazilian operation, total
revenues increased despite 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 the integrations, total revenues grew
14.8%.
- Reported consolidated operating income reached Ps. 5,063
million in the third quarter of 2013, reaching an operating margin
of 13.5%.
- Reported consolidated net controlling interest income reached
Ps. 2,954 million in the third quarter of 2013.
"In the face of a continued tough consumer environment mainly in
Mexico and Brazil, our geographically balanced portfolio of
franchises delivered mid-single digit volume growth, including the
integration of Grupo Yoli in Mexico and Fluminense in Brazil. Our
company continues to diversify and strengthen our competitive
position with the acquisition of Spaipa in Brazil, while
reinforcing our positive long term view of the country. We welcome
the talented team of professionals from Fluminense, who will
certainly contribute to the future success of our company. Now, we
will enjoy the privilege of serving close to 340 million consumers
across nine Latin American countries and the Philippines. We are
confident that the investments we have made throughout our
territories this year will enable us to capitalize on future growth
opportunities," said Carlos Salazar Lomelín, Chief Executive
Officer of the Company.
CONFERENCE CALL INFORMATION Our third-quarter 2013 Conference
Call will be held on October 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.: 888-503-8175 or International:
719-325-2323. Participant code: 3038201. If you wish to participate
in the conference call using a specific toll free number for your
country, please visit the Company's website for additional
information. 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, 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, part of
the state of Rio de Janeiro 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 63 bottling facilities and serves more
than 321 million consumers through 2,700,000 retailers with more
than 115,000 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
For Further Information: Investor Relations Jose Castro Email
Contact (5255) 1519-5120 / 5121 Roland Karig Email Contact (5255)
1519-5186 Miguel Murcio Email Contact (5255) 1519-5148 Website:
www.coca-colafemsa.com
Coca Cola FEMSA SAB De CV (NYSE:KOF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Coca Cola FEMSA SAB De CV (NYSE:KOF)
Historical Stock Chart
From Jul 2023 to Jul 2024