MEXICO CITY, Feb 12 (Reuters) - Mexican bottler Arca
Continental on Wednesday posted core earnings for the
fourth quarter that were up 42% from a year earlier, boosted by
higher drink sales in the U.S.
Its core earnings, or earnings before interest, taxes,
depreciation and amortization (EBITDA), were 14.18 billion pesos
($679.07 million), above the estimate of 11.44 billion pesos of
analysts polled by LSEG.
The bottler's sales were up 30%, with the largest growth
logged in the U.S., despite volumes there dropping slightly.
Arca said net prices rose nearly 9% in the U.S. in the fourth
quarter.
Topo Chico bottled water logged double-digit volumes growth
in the U.S., backed by its flavored water line, Arca said.
Net profit at Arca, which sells bottled water, soft drinks
and snacks across the Americas, grew 16% to 5.27 billion pesos,
above LSEG estimates.
The drinks firm expects to grow its sales in the high
single digits in percentage terms this year. Last year, sales
grew 10.9% on the year to 237 billion pesos.
The firm also forecast growth for the next five years,
saying it aimed to reach a compound annual growth rate in
revenue of 6% to 8%, with EBITDA growing 8% to 10%.
Arca also sells Fairlife protein shakes, Coca-Cola
sodas, Del Valle juices and Smart Water.
($1 = 20.8829 pesos at end-December)