KOF Delivers 11% Organic Currency Neutral Revenue Growth
MEXICO CITY -- (Marketwired) -- 04/24/13 -- 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
first quarter of 2013.
-- Reported total revenues reached Ps. 33,561 million in the first
quarter of 2013, remaining flat as compared to the first quarter of
2012, mainly as a result of high single-digit revenue growth in our
Mexico & Central America Division which compensated for a negative
translation effect resulting from the devaluation of the Venezuelan
bolivar, the Argentine peso and the Brazilian real. On a currency
neutral basis and excluding the non-comparable effect of Grupo Fomento
Queretano in Mexico, total revenues grew 10.8%.
-- Reported consolidated operating income reached Ps. 4,074 million for
the first quarter of 2013, representing a decrease of 5.6%. Our
reported operating margin reached 12.1% in the first quarter of 2013.
-- Reported consolidated net income attributable to equity holders of the
Company was Ps. 2,434 million in the first quarter of 2013.
"Despite tough weather conditions and a volatile currency environment
during the quarter, our operators delivered solid, profitable results
thanks to local revenue management initiatives, solid market
execution, and the geographic diversification of our franchise
territories. Looking forward, we are confident that our operators'
skills, coupled with a benign commodity cost environment, will enable
us to achieve our targets for the full 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 continuing to capitalize on opportunities arising
from the consolidation of the Coca-Cola bottling system. As always,
we continue to invest in our company's most important asset -- our
talented team of professionals -- to ensure the sustainable
development of our operations," said Carlos Salazar Lomelin, Chief
Executive Officer of the Company.
CONFERENCE CALL INFORMATION
Our first-quarter 2013 Conference Call
will be held on April 24, 20
13, 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.: 888-339-2688 or International: 617-847-3007. 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, an instant replay of the
conference call will be available through April 30, 2013. To listen
to the replay, please dial: Domestic U.S.: 888-286-8010 or
International: 617-801-6888. Pass code: 66144246
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) 1519-5120 / 5121
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