Femsa Reports Double Digit Revenue Growth But Decline In Mexican CSD Sales

Mexico-based Coca-Cola Femsa has reported a 14.5% rise in revenues for the third quarter and a 9.5% increase in earnings before interest, tax, depreciation and amortisation (EBITDA). Femsa's revenues were boosted by the acquisition of the Coca-Cola franchise for the Refrigerantes Minas Gerais territory in Brazil, but even excluding the impact of this acquisition the firm's sales increased by 7%.

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