TextGoing forward, we expect revenues from the Mexico division to be driven by increased volumes from the Coca-Cola brand (which carries higher Average selling price), further augmented by an increase in ASP. In addition, we expect revenues to be further bolstered by robust growth in volumes from Jugos Del Valle. Furthermore, we expect revenues from the Latincentro division to post robust growth, driven by increased volumes due to expansion of the Brisa brand in Colombia and the sparkling beverages brand and Jugos del Valle, in Columbia and Central America. In addition, we expect revenues from the Mercosur division to register y-o-y growth, driven by the still beverage portfolio in Argentina and Brazil. Considering the recent increase in sugar prices and our expected rise in crude oil prices, partially offset by our anticipation of a decline in USD denominated costs reflecting our forecast of the depreciation of USD against MXN over the next 2 years, we expect operating margins to decline in FY 2009 and FY 2010.

From September 2009, the Research Oracle will begin to accept research submissions from readers – whether amateur or professional analysts – from around the globe. To receive notification of the launch and rules, contributors may register now at
http://www.iirgroup.com/researchoracle/researchoracleaward