2012 Fourth-Quarter and Full Year Results
MEXICO CITY -- (Marketwire) -- 02/27/13 -- 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 of 2012.
-- Reported total revenues reached Ps. 39,860 million in the fourth
quarter of 2012, an increase of 10.4% as compared to the fourth
quarter of 2011, mainly as a result of double-digit revenue growth in
the Mexico & Central America division, including the integration
of Grupo CIMSA and Grupo Fomento Queretano in our Mexican territories.
Excluding the non-comparable effect of these territories in Mexico,
total revenues increased 6.0%.
-- Reported consolidated operating income grew 29.5% to Ps. 7,224 million
for the fourth quarter of 2012, driven by double-digit growth in both
divisions and the integration of the new territories in Mexico. Our
reported operating margin expanded 260 basis points to 18.1% in the
fourth quarter of 2012. Excluding the non-comparable effect of Grupo
CIMSA and Grupo Fomento Queretano, operating income grew 26.0%.
-- Reported consolidated net controlling interest income grew 34.7% to
Ps. 4,324 million in the fourth quarter of 2012.
"Our territories across Latin America delivered double-digit top- and
bottom-line growth building on the integration of the new franchises
in Mexico and our operator's ability to execute in the marketplace
and leverage on our value driven commercial model. Capitalizing on
our financial and operating flexibility, we continued to firmly
advance on our strategy to grow through accretive mergers and
acquisitions -- from our mergers with the beverage divisions of Grupo
Tampico, CIMSA, and Grupo Fomento Queretano, to our acquisition of a
majority stake in Coca-Cola Bottlers Philippines, Inc., to our
recently announced merger agreement with Grupo Yoli. Altogether, this
marks five transactions in the Coca-Cola bottling system in the last
18 months. Entering 2013, I am confident that our growing family of
more than 100,000 proud and passionate employees will enable us to
transform our industry's arising challenges into opportunities.
Working together, we will continue to deliver on ou
r commitment to
help people achieve healthy lifestyles through our proactive efforts
to promote good nutrition, hydration, and regular physical activity.
Simultaneously, we look forward to creating economic, social, and
environmental value for all of our stakeholders," said Carlos Salazar
Lomelin, Chief Executive Officer of the Company.
CONFERENCE CALL INFORMATION
Our fourth-quarter 2012 Conference Call will be held on February 27,
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.:
800-573-4840 or International: 617-224-4326. We invite investors to
listen to the live audiocast of the conference call on the Company's
If you are unable to participate live, an instant replay of the
conference call will be available through March 5, 2013. To listen to
the replay, please dial: Domestic U.S.: 888-286-8010 or
International: 617-801-6888. Pass code: 88550577.
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 Sao
Paulo, Campinas, 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
(5255) 5081-5120 / 5121
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