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AmBev is awarded Best-Managed Company in Latin America 2012 The food and beverage company also wins Most Convincing and Coherent in the region and the Consumer Goods sector category.
Euromoney magazine announces today the results of its seventh Best-Managed Latin American companies ranking, based on a survey of market analysts at the main banks and research institutes in Latin America.
This year’s overall best-managed company is AmBev, the Brazilian food and drink company. Banco Itaú, the Brazilian bank, and Vale, a Brazilian metals and mining group, achieved joint second place.
Colombian oil company Ecopetrol receives top marks for highest standards of corporate governance in the region, and also wins Most-Improved. Banco Itaú is ranked first in the Banking & Financial services category once again this year, and is the company with Best Corporate Governance in Brazil, followed by Banco Bradesco.
Latin America’s best-managed companies are making healthy profits, and are on the acquisition trail in the region and globally. Latin American corporates are taking advantage of the fast economic growth in most Latin American countries. This has enabled them to increase their sales and profits dramatically during the past five years. Many Latin American companies are expanding in the region and even into Europe and the US, where company valuations are comparatively low.
Published in the March 2012 issue of the magazine, the annual Best Managed Companies in Latin America survey is the most prominent conducted by Euromoney magazine, recognising corporations in Latin America. The survey rewards those companies with the most convincing and coherent business strategies in the region, by industry and country, as well as highlighting those that demonstrate sound practice of corporate governance.
The ranking is based on a survey of market analysts at leading banks, consultancy firms and research institutes focusing on Latin America. Respondents are asked to nominate the top-three companies in each of the countries or sectors they cover, bearing in mind market strength, profitability, growth potential, quality of management and earnings.
The full results of this survey and the methodology are available online as well as in the March edition of Euromoney magazine. This issue will have a bonus distribution at the Inter-American Development Bank annual meeting in Montevideo, Uruguay, from March 16-19.
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About Euromoney:
Euromoney magazine is the flagship title of London-based financial communications company Euromoney Institutional Investor PLC. Founded in 1969 by Sir Patrick Sergeant, Euromoney magazine is the voice of the international capital markets, and for 43 years has offered unparalleled coverage of the global bond, equity and foreign exchange markets. Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and New York Stock Exchanges.