Q3 2024 Arca Continental SAB de CV Earnings Call Transcript
Key Points
- Arca Continental SAB de CV (EMBVF) reported a 10% increase in consolidated revenues, reaching MXN62.6 billion, driven by effective pricing and exchange rate gains.
- The company achieved a 10.2% increase in consolidated EBITDA, marking the highest third-quarter EBITDA margin in eight years.
- In Mexico, Arca Continental SAB de CV (EMBVF) gained value share in non-alcoholic ready-to-drink beverages, outpacing the industry.
- The launch of TUALI, a next-generation B2B digital platform, is expected to revolutionize operations for nearly 1 million customers in Latin America.
- Sustainability efforts have led to a 74% PET bottle collection and recycling rate in Mexico, moving closer to the goal of 100% by 2030.
- Total consolidated volume decreased by 4.6% in the quarter, attributed to unfavorable weather conditions and tough comparisons from previous years.
- South America faced challenges due to a volatile macroeconomic environment and weakening consumer demand, with total volume down 8.6%.
- Ecuador experienced a severe energy crisis, leading to an 8.1% volume decline due to widespread power outages.
- In Argentina, volume declined by 13.1%, although there are signs of economic contraction easing.
- The company faced a challenging quarter in terms of volume performance in Mexico, with a 2.6% decline in unit case volume due to heavy rains and below-average temperatures.
Good day, everyone, and welcome to today's Arca Continental conference call. (Operator Instructions)
It is now my pleasure to turn the conference over to Melanie Carpenter of Ideal Advisors.
Thank you, operator. Good morning, everyone. Thanks for joining the senior management team of Arca Continental to review the third quarter and first nine months of 2024. Their earnings release went out this morning, and it's available on the company website at arcacontal.com in the Investor Relations section.
It's now my pleasure to introduce our speakers. Joining us from Monterrey is the CEO, Mr. Arturo Gutierrez; the CFO, Mr. Emilio Marcos; and the Executive Director of Planning, Jesus Garcia. They're going to be making some forward-looking statements, and we just ask that you refer to the disclaimer and the conditions surrounding those statements in the earnings release for guidance.
And with that, I'm going to go ahead and turn the call over to the CEO, Mr. Arturo Gutierrez, who is going to begin the
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