The new merger between LAN and TAM saw its 2013 revenues grow 33 percent – though they were down for the quarter.
In the latest multilatina index – which measures the fourth quarter 2013, and overall 2013 findings for 25 multilatinas from diverse industries – LATAM, the airline born from the merger of LAN and TAM saw the highest year-over-year growth of any company on the index. The company saw revenues climb 33 percent from a year ago $12.9 billion. However, the company saw a less successful 4Q: revenues declined then by 2.1 percent to almost $3.4 billion.
Another successful multilatina was Peruvian food company Alicorp, which continued its climb and became the year’s second-largest performer. Its 2013 revenues increased 18.5 percent to a little over $2 billion, and quarterly revenues increased at a similar rate – 18.2 percent.
However, the star for the 4Q was Brazil’s Embraer, which saw revenues grow 21.4 percent to $2.3 billion. Other growth stars include the aforementioned Alicorp, Colombia’s Grupo Nutresa (12 percent), and Mexico’s Femsa (10.5 percent).
Meanwhile, the biggest declines were suffered by Grupo Modelo, down 19.9 percent for the quarter, 11.2 percent for the year, the largest declines in both categories. Brasil Foods followed for the quarter, registering declines of 12 percent for the quarter and 6.5 percent for the year.
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