The Mexican
company FEMSA has more business in MERCOSUR than in its own country.
This year marks
the 125th anniversary of The Coca-Cola Company and it
celebrates it with a net income of 11.81 billion US dollars for the year 2010,
surging 73 percent from 2009. The company also reports higher earnings across
each of its five geographic operating groups.
Annual revenue
totaled 35.2 billion US dollars, improving by 13.3 percent, while sales volume
were up 5 percent. Broken down by region, Coca-Cola’s sales improved by
16 percent in Eurasia and Africa and 1 percent in Europe,
while in Latin America sales were up 6 percent and 35 percent in North
America. Moreover, the company’s Pacific sales saw an 8 percent
increase.
“We achieved
solid growth in our developed markets," Muhtar Kent, president and Chief
Executive Officer of the multinational corporation, said, highlighting that
Coca-Cola has “met or exceeded all of our long-term growth targets” as set
in the «2020 Vision» strategic plan.
