MEXICO CITY, MEXICO--(Marketwired - Jul 23, 2015) - Coca-Cola FEMSA, S.A.B. de C.V. (
Comparable means, with respect to a year over year comparison, the change in a given measure excluding the effects of (1) mergers, acquisitions and divestitures, (2) translation effects resulting from exchange rate movements and (3) the results of hyperinflationary economies in both periods. From our operations, only Venezuela qualifies as a hyperinflationary economy.
|Second Quarter||Year to Date Results|
|as Reported||excl. Venezuela||as Reported||excl. Venezuela|
|Net income attributable to equity holders of the company||2,668||-0.4%||2,556||6.0%||5.0%||4,867||-4.1%||4,714||9.6%||9.6%|
|Earnings per share (1)||1.29||1.23||2.35||2.27|
|Operative cash flow(2)||7,386||-10.4%||7,120||7.0%||8.9%||13,768||-9.5%||13,331||7.1%||9.0%|
|Expressed in millions of Mexican pesos.|
|(1)||Quarterly & YTD earnings / outstanding shares as of the end of period. Outstanding shares as of 2Q'15 were 2,072.9 million.|
|(2)||Operative cash flow = operating income + depreciation + amortization & other operative non-cash charges.|
Message from the Chief Executive Officer
"As beverage transactions continued to outpace volumes across our operations -- reinforcing our daily consumer engagement -- we are encouraged by our operators' positive performance in the midst of a challenging environment, marked by weak consumer trends in Brazil, a slowly recovering consumer landscape in Mexico, and currency volatility across our markets. On a comparable basis, we delivered high single-digit consolidated revenue growth and double-digit operating income growth during the quarter. Our financial performance is complemented by market share gains in most of our operations: notably, sparkling beverages in Brazil, most categories in Argentina, and across the non-carbonated beverage category in Mexico -- including our increased market leadership in the Powerade brand. These accomplishments result from utilizing the right portfolio strategy, coupled with the right capabilities, within the markets we serve. We continue Coca-Cola FEMSA's organizational transformation, protecting our short-term results, while ensuring our profitable growth for years to come," said John Santa Maria Otazua, Chief Executive Officer of the Company.
Conference call information
Our second quarter 2015 conference call will be held on July 23, 2015, 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.: 888-437-9445 or International: 719-325-2464. Participant code: 9319681. 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.
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. 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 351 million consumers through more of 2,800,000 retailers with more than 120,000 employees worldwide.
José Manuel Fernández