Sign in

    Henrique Morello • Morgan Stanley

    Henrique Morello's questions to Coca-Cola Femsa SAB de CV (KOF) leadership

    Henrique Morello's questions to Coca-Cola Femsa SAB de CV (KOF) leadership • Q2 2025

    Question

    Henrique Morello from Morgan Stanley requested a deeper analysis of the EBITDA margin decline in the South America division. He asked about the specific components influencing the margin, any raw material pressures, and the financial impact of reopening the Porto Alegre plant in Brazil.

    Answer

    CFO Gerardo Cruz Celaya clarified that the year-over-year EBITDA margin decline was due to a tough comparison, as the prior year's quarter included a large, non-cash fixed asset write-off from the Porto Alegre flood, which impacted EBIT but not EBITDA. He expects the plant's reopening to be a margin tailwind going forward. IR Director Jorge Collazo Pereda added that the raw material environment is stable.

    Ask Fintool Equity Research AI

    Henrique Morello's questions to Coca-Cola Femsa SAB de CV (KOF) leadership • Q2 2025

    Question

    Henrique Morello of Morgan Stanley requested a deeper explanation for the EBITDA margin decline in South America, including any raw material pressures, and asked about the margin impact from the reopening of the Porto Alegre plant.

    Answer

    CFO Gerardo Cruz Celaya clarified that the EBITDA margin decline was due to a tough comparison with the prior year, which included a large, non-cash fixed asset write-off related to the Porto Alegre flood that affected EBIT but not EBITDA. He expects the plant's reopening to be a margin tailwind going forward. IR Director Jorge Collazo Pereda added that the raw material environment is stable.

    Ask Fintool Equity Research AI