Mexico-based Coca-Cola FEMSA has said it is working on “rapid expansion”, after reporting strong sales and profits for 2009.

Speaking at the group’s earnings conference call today (12 February), group CEO Carlos Salazar Lomelin said that it always has its “eyes open” for opportunities to expand.

“If you look at our track record in the Buenos Aries and Mexico regions, it has taken us some time to digest and integrate previous transactions”.

“But we are working together with The Coca-Cola Co for rapid expansion. We continue to look alternatives and always have our eyes open. We will see opportunities outside of America. We have the door open…but right now we don’t have anything we are looking at,” Lomelin told analysts.

Coca-Cola FEMSA on Friday reported net sales for the 12 months to the end of December up by 24% to MXN102.7bn (US$7.9bn), compared to MXN82.9bn in 2008.

Net profits leapt by 52% to MXN8.5bn, boosted by a near four-fold increase in the fourth quarter, said the group, which is 54% owned by Fomento Economico Mexicano (FEMSA) and 31.6% owned by The Coca-Cola Co.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The growth also drove a strong year for parent firm FEMSA, which also recently announced its desire to expand its soft drinks arm, after selling its beer division, FEMSA Cerveza, to Heineken.

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now