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Fomento Economico Mexicano SAB De CV

 
Hoover's Profile: Fomento Económico Mexicano, S.A.B. de C.V.
(NYSE:FMX) (Mexican:FEMSA)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Fomento Económico Mexicano, S.A.B. de C.V.
General Anaya, 601 Pte., Colonia Bella Vista
64410 Monterrey, Mexico
Tel. +52-81-8328-6000
Fax +52-81-8328-6080

Type: Public
On the web: http://www.femsa.com
Employees: 122,981
Employee growth: 17.1%

From the hops to the shops, FEMSA is quenching Mexico's thirsty throats. Fomento Económico Mexicano, or FEMSA, is Latin America's largest Coke bottler and a major beer brewer in Mexico and Brazil. Its FEMSA Cerveza subsidiary brews brands such as Carta Blanca, Indio, Sol, and Tecate. Its Coca-Cola FEMSA subsidiary (54% owned) is the #2 Coca-Cola bottler in the world (behind Coca-Cola Enterprises). It bottles Coca-Cola, Sprite, other soft drinks, juices, and water in nine Latin American countries. FEMSA also owns more than 5,500 OXXO convenience stores in 31 Mexican states, primarily in the northern part of the country, through its FEMSA Comerico subsidiary.

Key numbers for fiscal year ending December, 2008:
Sales: $12,193.4M
One year growth: (9.7%)
Net income: $673.3M
Income growth: (13.6%)

Officers:
Chairman and CEO: José Antonio Fernández Carbajal
EVP Finance and Strategic Development: Javier Gerardo Astaburuaga Sanjinés
EVP Corporate Development: Federico Reyes García

Competitors:
Grupo Modelo
Pepsi Bottling
Seven & I

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