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FMX

Femsa

$87.13 /

+0.42 (+0.48%)

09:04
02/27/20
02/27
09:04
02/27/20
09:04

Femsa CEO says Q4 was 'eventful'

Eduardo Padilla, FEMSA's CEO, commented: "The fourth quarter was an eventful one. OXXO continued to grow at a steady pace in Mexico, and the international operations again performed well. The Health division had a complex quarter driven by disruptions in Chile, but we saw solid progress in every other market, while the Fuel division again delivered profitability gains in a challenging environment. For its part, Coca-Cola FEMSA continued to see good volume trends in Brazil and Central America, and healthy pricing across most of its markets, including Mexico. As we look at 2020, we see a consumer in Mexico that remains resilient, particularly in the northern part of the country. We are optimistic about Brazil, where we are seeing good performance in our existing operations and have high expectations for our new ventures. And on the strategic front, we are pleased with the opportunities we are being able to invest in, focused always on our operational capabilities and exercising discipline with a view to create long-term value for all our stakeholders."

  • 27

    Feb

FMX Femsa
$87.13 /

+0.42 (+0.48%)

01/07/20 Citi
Femsa upgraded to Buy from Neutral at Citi
09/26/19 Scotiabank
Femsa downgraded to Sector Perform from Outperform at Scotiabank

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