Detail akcie Fomento Economic Depository Receipt online

Business Summary: Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Fomento Economico Mexcn SAB de CV (ADR) revenues increased 4% to PS702.69B. Net income before extraordinary items increased 43% to PS34.15B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Loss on change in fair value of financia decrease of 38% to PS440.5M (expense).