2017 First Quarter Results
(firmenpresse) - MEXICO CITY, MEXICO -- (Marketwired) -- 04/26/17 -- 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 by sales volume, announces results for the first quarter of 2017.
Revenues grew 38.4%, while comparable revenues grew 2.7% for the first quarter of 2017.
Operating income grew 24.1%, while comparable operating income grew 7.2% for the first quarter of 2017.
Operating cash flow increased 35.9%, while comparable operating cash flow grew 4.6% for the first quarter of 2017.
Earnings per share increased 145.5% to Ps. 2.84 in the first quarter of 2017.
"For the first quarter of 2017, we further accelerated towards excellence by delivering positive results. Our revenues and operating income increased 38.4% and 24.1%, respectively, as we focused on executing the right strategies across our geographically diversified footprint. These results were highlighted by the continuous growth of our Mexican operation, driven by our pricing flexibility and our strengthening portfolio--underscored by the successful launch of Coca-Cola Sin Azúcar. Additionally, we rolled out affordability initiatives across our operations, which enabled us to gain or maintain market share across our key markets, highlighting our Company''s ability to adapt to challenging consumer and macroeconomic environments to deliver solid results.
Moreover, we are encouraged by stabilization and signs of recovery in Brazil. As we smoothly integrated and began capturing planned synergies from Vonpar, we further consolidated the first full quarter of this newly acquired Brazilian territory. Importantly, we started consolidating the financial results of our Philippines operation beginning in February 2017. This operation''s encouraging performance is now positively contributing to our Company''s consolidated results.
We look forward to continuing to create value for our shareholders thanks to our talented team of professionals, our operating and financial discipline, and our ability to expand and consolidate our position as a truly diversified multi-category global beverage leader," said John Santa Maria Otazua, Chief Executive Officer of the Company.
Our first quarter 2017 conference call will be held on April 26, 2017, at 12:30 P.M. Eastern Time (11:30 A.M. Mexico City Time). To participate in the conference call, please dial: Domestic U.S.: 888-204-4394 or International: 913-981-5533. Participant code: 8897993. We invite investors to listen to the live audio cast of the conference call on the Company''s website, . If you are unable to participate live, the conference call audio will be available at .
Stock listing information: Mexican Stock Exchange, Ticker: KOFL | NYSE (ADR), Ticker: KOF | Ratio of KOF L to KOF = 10:1
Coca-Cola FEMSA, S.A.B. de C.V. is the largest franchise bottler in the world by sales volume. The company produces and distributes trademark beverages of The Coca-Cola Company, offering a wide portfolio of 154 brands to more than 375 million consumers daily. With over 100 thousand employees, the company markets and sells approximately 4 billion unit cases through 2.8 million points of sale a year. Operating 66 manufacturing plants and 328 distribution centers, Coca-Cola FEMSA is committed to generating economic, social, and environmental value for all of its stakeholders across the value chain. The company is a member of the Dow Jones Sustainability Emerging Markets Index, FTSE4Good Emerging Index, and the Mexican Stock Exchange''s IPC and Social Responsibility and Sustainability Indices, among other indexes. Its operations encompass franchise territories in Mexico, Brazil, Colombia, Argentina, and Guatemala and, nationwide, in the Philippines, Venezuela, Nicaragua, Costa Rica, and Panama. For more information, please visit .
For additional information or inquiries contact the Investor Relations team:
Maria Dyla Castro
(5255) 1519-5186
Jorge Collazo
(5255) 1519-5218
Tania Ramírez
(5255) 1519-5013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2017 - 07:10 Uhr
Sprache: Deutsch
News-ID 1500617
Anzahl Zeichen: 2288
contact information:
Contact person:
Town:
MEXICO CITY, MEXICO
Phone:
Kategorie:
Beverages
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 254 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"2017 First Quarter Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Coca-Cola FEMSA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
