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February 26, 2014
08:20 EDTKOFCoca-Cola Femsa reports Q4 revenue up 8.5% to Ps. 43.24B
Coca-Cola FEMSA reported Q4 total revenues reached Ps. 43.24M, up 8.5% as compared to the prior fourth quarter. On a currency neutral basis and excluding the non-comparable effect of the integration of Grupo Yoli in its Mexican territories, Companhia Fluminense de Refrigerantes and Spaipa in its Brazilian operation, total revenues grew 12.1%. Reported Q4 operating income reached Ps. 6.61B, resulting in an operating margin of 15.3%. The company said, "Despite the many challenges that we faced during 2013, including a tough consumer environment -- especially in Brazil and Mexico -- and a volatile currency environment across our operations, our company delivered double-digit currency-neutral top-line growth. More importantly, during the year, we were pleased to integrate four Coca-Cola franchises -- Coca-Cola Bottlers Philippines, Inc., Grupo Yoli in Mexico, and Fluminense and Spaipa in Brazil -- reinforcing our position as the largest bottler of Coca-Cola products in the world, now serving more than 346M consumers in 10 countries in Latin America and Southeast Asia."
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