Packaging

FEMSA Reports 1Q11 Income From Operations Growth of 9.4%

Thursday 28. April 2011 - Fomento Economico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX) announced today its operational and financial results for the first quarter of 2011.

First Quarter 2011 Highlights:
— FEMSA comparable consolidated total revenues and income from operations
grew 12.5% and 9.4%, respectively, compared to the first quarter of
2010, reflecting solid results at Coca-Cola FEMSA and FEMSA Comercio.
— Coca-Cola FEMSA total revenues and income from operations increased 9.5%
and 10.4%, respectively. Double-digit income from operations growth in
the Mexico and Mercosur divisions drove these results.
— FEMSA Comercio achieved total revenues growth of 19.5% aided by the
opening of over 1,100 net new stores in the last twelve months, as well
as robust same-store sales during the quarter. Income from operations
increased 25.5%.
Jose Antonio Fernandez Carbajal, Chairman and CEO of FEMSA, commented: “We are off to a good start in 2011. FEMSA Comercio delivered another strong quarter, showing good progress in terms of new store openings, revenue growth and profitability. And Coca-Cola FEMSA also had a promising start to the year, with Mexico showing very strong trends and Mercosur continuing with good momentum. We also continue to benefit from the strong profitability being achieved at Heineken. And so, we are optimistic that this year will continue to be an exciting and rewarding one for FEMSA.”