SOURCE: Coca-Cola FEMSA

 

MEXICO CITY--(Marketwire - July 23, 2008) - Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) ("Coca-Cola FEMSA" or the "Company"), the largest Coca-Cola bottler in Latin America and the second-largest Coca-Cola bottler in the world in terms of sales volume, announces results for the second quarter of 2008.

--  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