Coca-Cola FEMSA 2013 Fourth-Quarter and Full Year Results
February 26 2014 - 8:15AM
Marketwired
Coca-Cola FEMSA 2013 Fourth-Quarter and Full Year Results
MEXICO CITY, MEXICO--(Marketwired - Feb 26, 2014) - Coca-Cola
FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF)
- Reported total revenues reached Ps. 43,240 million in the
fourth quarter of 2013, an increase of 8.5% as compared to the
fourth quarter of 2012. On a currency neutral basis and excluding
the non-comparable effect of the integration of Grupo Yoli
("Yoli") in our Mexican territories, Companhia Fluminense de
Refrigerantes ("Fluminense") and Spaipa S.A. Industria
Brasileira de Bebidas ("Spaipa") in our Brazilian operation,
total revenues grew 12.1%.
- Reported operating income reached Ps. 6,609 million in the
fourth quarter of 2013, resulting in an operating margin of
15.3%.
- Reported consolidated net controlling interest income reached
Ps. 3,066 million in the fourth quarter of 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 fourth quarter and full
year of 2013.
"Despite the many challenges that we faced during 2013,
including a tough consumer environment -- especially in Brazil and
Mexico -- and a volatile currency environment across our
operations, our company delivered double-digit currency-neutral
top-line growth. More importantly, during the year, we were pleased
to integrate four Coca-Cola franchises -- Coca-Cola Bottlers
Philippines, Inc., Grupo Yoli in Mexico, and Fluminense and Spaipa
in Brazil -- reinforcing our position as the largest bottler of
Coca-Cola products in the world, now serving more than 346 million
consumers in 10 countries in Latin America and Southeast
Asia. Our very talented management team is committed to extend
the successful track record of our company through our most
important asset -- our people. Our growing family of more than
120,000 employees enters 2014 fully aware of the structural changes
in markets like Mexico, along with the challenges that some of our
other franchises present. Nevertheless, we are encouraged by
the good start of the year in the volume performance of our
Brazilian franchise and by the smooth integration process of the
new territories, where we are confident that we can achieve the
targeted synergies efficiently and effectively. We continue to
successfully adjust our Mexican operation to better serve our
customers and consumers in 2014 and we have the flexibility to
adapt to local market conditions in the rest of our operations,"
said John Santa Maria Otazua, Chief Executive Officer of the
Company.
CONFERENCE CALL INFORMATION Our fourth-quarter 2013 Conference
Call will be held on February 26, 2014, 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.: 888-503-8169 or
International: 719-325-2354.
Participant code: 9703013. 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, the state of
Paraná, 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 64 bottling facilities and serves
more than 346 million consumers through close to 2,900,000
retailers with more than 120,000 employees worldwide.
This news release may contain forward-looking statements
concerning Coca-Cola FEMSA's future performance, which should be
considered as good faith estimates by Coca-Cola FEMSA. These
forward-looking statements reflect management's expectations and
are based upon currently available data. Actual results are subject
to future events and uncertainties, many of which are outside
Coca-Cola FEMSA's control, which could materially impact the
Company's actual performance. References herein to "US$" are to
United States dollars. This news release contains translations of
certain Mexican peso amounts into U.S. dollars for the convenience
of the reader. These translations should not be construed as
representations that Mexican peso amounts actually represent such
U.S. dollar amounts or could be converted into U.S. dollars at the
rate indicated.
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
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