2014 First-Quarter Results
April 30 2014 - 8:15AM
Marketwired
2014 First-Quarter Results
MEXICO CITY, MEXICO--(Marketwired - Apr 30, 2014) - 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 2014.
- Reported total revenues reached Ps. 38,708 million in the first
quarter of 2014, an increase of 15.3% as compared to the first
quarter of 2013. 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
20.2%.
- Reported operating income reached Ps. 4,809 million in the
first quarter of 2014, an increase of 18.0% as compared to the same
period of the previous year, resulting in an operating margin
expansion of 30 basis points to 12.4%.
- Reported consolidated net controlling interest income reached
Ps. 2,310 million in the first quarter of 2014.
"In the face of a continued challenging consumer environment,
particularly in Mexico and Brazil, our operators delivered
profitable results across our geographically balanced portfolio of
franchises for the first quarter of 2014. In response to the new
tax environment in Mexico, our operation continues to emphasize
returnable, low-calorie, and single-serve sparkling beverages as
compelling alternatives to connect more closely with our consumers'
needs. Moreover, to navigate this tough environment, we have
restructured our operations, reducing costs and scaling back
investments. These initiatives, coupled with our relentless focus
on marketplace execution and the generation of operating
efficiencies, set our company on the right path to continue working
to meet the targets that we have set for the 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 deleveraging our
balance sheet and reinforcing our geographic position in Mexico and
Brazil. Over the past several years, we have made the
appropriate investments to prepare our organization and develop the
right set of capabilities to generate increased value for our
shareholders now and into the future," said John Santa Maria
Otazua, Chief Executive Officer of the Company.
CONFERENCE CALL INFORMATION Our first quarter 2014 conference
call will be held on April 30, 2014, at 12:00 P.M. Eastern Time
(11:00 A.M. Mexico City Time). To participate in the conference
call, please dial: Domestic U.S.: 888-572-7034 or
International: 719-325-2432.
Participant code: 3912775. 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.
Please click on this link to view the full version of the Press
Release on our Web Site http://www.coca-colafemsa.com
Alfredo Fernández Email Contact (5255) 1519-5120 / 5121 Roland
Karig Email Contact (5255) 1519-5186 Miguel Murcio Email Contact
(5255) 1519-5148
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