Arca Continental, S. A. B. de C. V. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Tax Rate Guidance for 2018
February 23, 2018 at 05:41 pm EST
Share
Arca Continental, S. A. B. de C. V. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net sales were MXN 38,078 million against MXN 24,894 million a year ago. Operating income before other income was MXN 4,117 million against MXN 3,480 million a year ago. Operating income was MXN 4,863 million against MXN 3,839 million a year ago. Earnings before taxes were MXN 5,246 million against MXN 3,305 million a year ago. Net profit was MXN 4,261 million against MXN 1,932 million a year ago. EBITDA was MXN 6,792 million against MXN 5,163 million a year ago.
For the full year, the company reported net sales were MXN 137,156 million against MXN 93,666 million a year ago. Operating income before other income was MXN 21,123 million against MXN 15,629 million a year ago. Operating income was MXN 22,406 million against MXN 16,300 million a year ago. Earnings before taxes were MXN 20,048 million against MXN 13,999 million a year ago. Net profit was MXN 13,090 million against MXN 9,034 million a year ago. EBITDA was MXN 25,993 million against MXN 20,092 million a year ago. Net cash flow was MXN 13,928 million against net cash flow of MXN 11,807 million a year ago. Capex reached MXN 11,249 million in 2017.
For 2018, the company expected tax rate will normalize around 30%.
Arca Continental SAB de CV is a Mexico-based company primarily engaged in the beverages sector. The Company's activities are divided into two business segments: Beverages and Other. The Beverages division produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company (TCCC) license in Mexico, Argentina, Ecuador and Peru, as well as dairy beverages of the Santa Clara brand name in Mexico and Toni brand name in Ecuador. Its TCCC beverages portfolio includes cola and flavored drinks, vitamin, low-calorie and energetic drinks, juices, as well as purified and flavored water, among others. The Companyâs brand names range comprises Ciel, del Valle, Powerade, burn, FUZE Tea and vitaminwater, among others. The Other division focuses on the sale of beverages through vending machines in Mexico, as well as manufacture and distribution of snacks and candies under the brand names Bokados in Mexico, Inalecsa in Ecuador and Wise in the United States.
Arca Continental, S. A. B. de C. V. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Tax Rate Guidance for 2018
ARCA CONTINENTAL, S.A.B. DE C.V. 
