-- Total revenues reached Ps. 18,544 million in the second quarter of
2008, an increase of 6.7% compared to the second quarter of 2007; excluding
the positive effect of one month of Refrigerantes Minas Gerais ("Remil"),
total revenues would have increased 4.6% compared to the second quarter of
2007.
-- Driven by double digit operating income growth from our Latincentro
and Mercosur divisions, combined with a cost and expense control across our
territories, consolidated operating income increased 8.9% to Ps. 3,169
million for the second quarter of 2008. Without giving effect to the
acquisition of Remil, operating income would have increased 7.9% to Ps.
3,138 million and our operating margin would have been 17.3% for the second
quarter of 2008.
-- Consolidated majority net income increased 3.9% to Ps. 1,844 million
in the second quarter of 2008, resulting in earnings per share of Ps. 1.00
in the second quarter of 2008. Excluding non-recurring expenses recorded in
our Mexico division during the quarter, consolidated majority net income
grew 10.8%.
"Supported by our execution across our territories and our ability to keep
costs under control, we were able to increase operating income for the
second quarter, despite one-time events such as unusually bad weather in
Mexico in June and operating disruptions in Venezuela. Also, during the
second quarter of 2008, we have closed the acquisition of The Coca-Cola
Company's Refrigerantes Minas Gerais Ltda. ("Remil") franchise territory.
This transaction will enable us to increase the number of clients and
customers that we serve in Brazil through a complete and balanced portfolio
of high-quality beverages. Through our joint venture, with The Coca-Cola
Company, we continued to distribute Jugos del Valle beverages in Mexico as
planned, and also began to distribute these products in Costa Rica," said
Carlos Salazar Lomelin, Chief Executive Officer of the company.
CONFERENCE CALL INFORMATION
Our second-quarter 2008 Conference Call will be held on: July 23, 2008, 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.: 866-700-7477 or
International: 617-213-8840. 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, an instant replay of the conference
call will be available through July 30, 2008. To listen to the replay,
please dial: Domestic U.S.: 888-286-8010 or International: 617-801-6888.
Pass code: 23478878.
Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Sprite,
Fanta, Lift and other trademark beverages of The Coca-Cola Company in
Mexico (a substantial part of central Mexico, including Mexico City and
southeast 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, part of the state
of Goias and Minas Gerais) and Argentina (federal capital of Buenos Aires
and surrounding areas), along with bottled water, beer and other beverages
in some of these territories. The Company has 31 bottling facilities in
Latin America and serves over 1,500,000 retailers in the region. The
Coca-Cola Company owns a 31.6% equity interest in Coca-Cola FEMSA.
Please click on this link to view the full version of the Press Release on
our Web Site http://www.coca-colafemsa.com
Contact Information: Contact: Roland Karig Investor Relations Coca-Cola FEMSA (+5255) 5081 5186 www.coca-colafemsa.com