Earnings Call Summary | FEMSA(FMX.US) Q1 2024 Earnings Conference
Earnings Call Summary | FEMSA(FMX.US) Q1 2024 Earnings Conference
The following is a summary of the Fomento Económico Mexicano, S.A.B. De C.V. (FMX) Q1 2024 Earnings Call Transcript:
以下是Fomento Economico Mexicano, S.A.B. De C.V.（FMX）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
FEMSA experienced an 11.3% increase in revenues and a 14.4% rise in EBITDA, fuelled by robust growth performance from Proximity and Coca-Cola FEMSA.
Despite the revenue growth, the company's net consolidated income saw a significant decrease of 88.3%, reaching MXN5.9 billion primarily due to a difficult comparison base in Q1 2023 and increased net financial expenses.
The objective of achieving a leverage ratio of two times net debt to EBITDA, excluding Coca-Cola FEMSA, is projected to be reached by 2026.
Capital deployment is concentrated on disciplined, organic, and inorganic investment, with further options for returning capital to shareholders under investigation.
Shareholders approved an extraordinary dividend of approximately $600 million during 2024, supplementing the regular dividend of nearly $800 million.
在Proximity和可口可樂FEMSA的強勁增長表現的推動下，FEMSA的收入增長了11.3％，息稅折舊攤銷前利潤增長了14.4％。
儘管收入增長，但該公司的淨合併收入大幅下降了88.3％，達到59億墨西哥披索，這主要是由於2023年第一季度的比較基礎困難以及淨財務支出增加。
預計到2026年將實現淨負債佔息稅折舊攤銷前利潤（不包括可口可樂FEMSA）的槓桿率的兩倍的目標。
資本配置集中在紀律嚴明、有機和無機投資上，向股東返還資本的更多選擇正在調查中。
股東批准在2024年派發約6億美元的特別股息，補充了近8億美元的定期股息。
Business Progress:
業務進展：
Expansion plans for OXXO in Mexico and in several South American markets are ongoing, while efforts are being made to accelerate health division growth by optimizing multi-country platforms and elements like pricing.
The brand's digital platform, 'Spin by OXXO', exhibits impressive growth with 7.4 million active users marking a 77.9% increase year-on-year.
The company is concurrently harnessing AI to boost operations with initiatives such as monitoring transaction patterns and optimizing staff assignments across thousands of stores.
Future endeavors include the acceleration of pharmacy expansion in Mexico, the exploration of potential strategic partnerships, and the examination of opportunities for mergers or acquisitions.
FEMSA aims to capitalize on growth in the discount retailing space, without necessarily following the conventional rules of the 'hard discount' model.
Efforts are being made to expand the user base of 'Spin by OXXO' beyond the store as a strategic necessity and a clear business opportunity, possibly extending its use to small businesses and providing them with customized loyalty programs and point of sale terminals.
OXXO在墨西哥和幾個南美市場的擴張計劃正在進行中，同時正在努力通過優化多國平台和定價等要素來加速醫療部門的增長。
該品牌的數字平台 “Spin by OXXO” 表現出驚人的增長，活躍用戶達740萬，同比增長77.9％。
該公司同時利用人工智能通過監控交易模式和優化數千家門店的員工分配等舉措來促進運營。
未來的努力包括加快在墨西哥的藥房擴張，探索潛在的戰略合作伙伴關係，以及研究合併或收購的機會。
FEMSA旨在利用折扣零售領域的增長，而不必遵循 “硬折扣” 模式的傳統規則。
正在努力將 “Spin by OXXO” 的用戶群擴展到商店以外，這是一種戰略必要性和明確的商業機會，可能將其使用範圍擴大到小型企業，併爲他們提供定製的忠誠度計劃和銷售點終端。
More details: FEMSA IR
更多詳情： FEMSA IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。