Last $22.68 MXN
Change Today -0.14 / -0.61%
Volume 65.6K
As of 3:15 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

organizacion cultiba sab cv (CULTIBAB) Snapshot

Open
$22.60
Previous Close
$22.82
Day High
$22.80
Day Low
$22.60
52 Week High
09/23/13 - $32.35
52 Week Low
03/3/14 - $18.30
Market Cap
16.3B
Average Volume 10 Days
216.5K
EPS TTM
$-0.41
Shares Outstanding
717.5M
EX-Date
10/10/14
P/E TM
--
Dividend
$0.08
Dividend Yield
0.70%
Current Stock Chart for ORGANIZACION CULTIBA SAB CV (CULTIBAB)

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organizacion cultiba sab cv (CULTIBAB) Details

Organización Cultiba, S.A.B. de C.V. produces and sells carbonated and non-carbonated drinks in Mexico. The company offers products, including Pepsi-Cola, Seven-Up, Manzanita Sol, Mirinda, Gatorade, Lipton, and Be Light under the franchises granted by Pepsi-Co, Inc. It also develops and sells own carbonated products under the Trisoda and Garci-Crespo brand names; and bottled water under the Santorini, Epura, Electropura, and Junghanns brand names, as well as distributes Squirt, Jarritos, and Petit. The company was formerly known as Grupo Embotelladoras Unidas S.A.B. de CV and changed its name to Organización Cultiba, S.A.B. de C.V. in December 2012. Organización Cultiba, S.A.B. de C.V. was founded in 1978 and is headquartered in Mexico City, Mexico.

Founded in 1978

organizacion cultiba sab cv (CULTIBAB) Top Compensated Officers

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organizacion cultiba sab cv (CULTIBAB) Key Developments

Organización Cultiba, S.A.B. de C.V. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Organización Cultiba, S.A.B. de C.V. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of MXN 10,514 million compared to MXN 9,201 million a year ago, primarily due to the slight recovery of volume case sales particularly in bottled beverages, an enhanced volume mix, and higher revenue in the sugar division. Income from operations was MXN 184 million compared to MXN 399 million a year ago. Income before tax provisions was MXN 238 million compared to MXN 263 million a year ago. Net income was MXN 159 million compared to MXN 395 million a year ago. This figure reflects lower operating results from one-time expenditures and higher provision for taxes during 2014. EBITDA was MXN 868 million compared to MXN 978 million a year ago. Adjusted EBITDA for the quarter increased 2.0% year-over-year. For the six months, the company reported net sales of MXN 18,866 million compared to MXN 17,007 million a year ago, primarily due to lower volumes during the first quarter of the year, which slowly recovered through the second quarter of 2014 in tandem with improved average revenue per case. Income from operations was MXN 21 million compared to MXN 464 million a year ago. Loss before tax provisions was MXN 31 million compared to income before tax provisions of MXN 314 million a year ago. Net loss was MXN 155 million compared to net income of MXN 372 million a year ago. EBITDA was MXN 1,254 million compared to MXN 1,596 million a year ago. Net debt outstanding at the end of this quarter was MXN 4,318 million compared to MXN 6,302 million at year-end 2013, mainly as a result of the beverages division's repayment of short-term debt incurred to finance advanced payments of raw materials in December 2013. Capital expenditures through June 30, 2014 were MXN 765 million, compared to MXN 1,643 million in the same period of 2013. For the quarter, total beverage volume was 443.0 million eight ounce cases, a 1.2% decrease compared with second quarter 2013. The decrease reflects lower jug water volume due to weather- related hurdles impacting logistics. Total soft drinks and bottled water case volume was 223.4 million eight ounce cases in the second quarter of 2014, 1.1% higher than the same period of the prior year. Jug water volume decreased 3.4% in second quarter 2014 to 219.6 million eight ounce cases from 227.5 million eight ounce cases in second quarter 2013, primarily due to worsening weather conditions which created challenging infrastructure logistics to get product to customers. For the first half, the company reported that total beverage volume decreased 0.8%% during in the first half of 2014 to 807.6 million eight ounce cases compared to 813.8 million eight ounce cases in the first half of 2013, mostly driven by lower bottled beverages volume in first quarter 2014 and the adverse weather impact on jug water volume during May and June. Total soft drink and bottled water case volume decreased 1.3% to 396.8 million eight ounce cases from 402.0 million eight ounce cases in the first half of 2013. Jug water volume in the first half of 2014 decreased 0.2% to 410.8 million eight ounce cases from 411.7 million eight ounce cases in first half 2013. For the year 2014, the company expects to end with marginally higher EBITDA compared to 2013.

Organización Cultiba, S.A.B. de C.V. to Report Q2, 2014 Results on Jul 22, 2014

Organización Cultiba, S.A.B. de C.V. announced that they will report Q2, 2014 results After-Market on Jul 22, 2014

Organización Cultiba, S.A.B. de C.V., Q2 2014 Earnings Call, Jul 23, 2014

Organización Cultiba, S.A.B. de C.V., Q2 2014 Earnings Call, Jul 23, 2014

 

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Arca Continental SAB de CV $91.48 MXN -0.55
Coca-Cola Femsa SAB de CV $135.22 MXN -0.73
PepsiCo Inc $93.56 USD -0.23
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