COCA COLA HBC: Ενημέρωση γ' τριμήνου 2017 (αγγλικά)

Δημοσιεύθηκε: 9 Νοεμβρίου 2017 - 09:59

THIRD QUARTER 2017 TRADING UPDATE

CONTINUING TO DELIVER EXCELLENT REVENUE GROWTH

Coca-Cola HBC AG, a leading bottler of the brands of The Coca-Cola Company, today announces its 2017 Q3 trading update.

Third quarter highlights

Excellent revenue performance, with FX-neutral revenue growth of 6.0%
Strong quarter for volume growth, up 3.4%, with good broad-based improvements from all three segments

- Established markets segment volume increased by 2.2% driven by our Southern European countries and supported by good weather

- Developing markets segment volume increased by 5.1%, with particularly strong growth in Hungary and the Czech Republic and stabilisation in Poland

- Emerging markets segment volume increased by 3.5%, with strong growth in Romania, Serbia and Ukraine. Volumes were stable in Russia, while Nigeria declined following significant price increases

FX-neutral revenue per case growth of 2.5% in the quarter, with continuing progress in all three segments

- Established markets FX-neutral revenue per case grew by 1.1%, supported by our continued focus on growing revenue faster than volume and the emergence of a more inflationary environment

- In the Developing markets, FX-neutral revenue per case grew by 2.1%, with a moderation from the first half price/mix trends as expected

- Emerging markets FX-neutral revenue per case grew by 4.2%, driven by price increases taken earlier in the year and improvements in category and package mix

Q3 2017 vs. Q3 2016	Net sales revenue		Volume	Net sales revenue per unit case
growth (%)	FX-neutral¹	Reported		FX-neutral¹	Reported
Total Group	6.0	5.0	3.4	2.5	1.5
Established markets	3.3	2.5	2.2	1.1	0.2
Developing markets	7.3	9.1	5.1	2.1	3.8
Emerging markets	7.9	5.6	3.5	4.2	2.0

¹For details on Alternative Performance Measures (‘APMs') refer to ‘Alternative Performance Measures' and ‘Definitions and reconciliations of APMs' sections.

Michalis Imellos, Acting CEO and Group CFO, commented:

“We are very pleased with the strong revenue delivery in the quarter, well balanced between broad-based volume growth and substantial price/mix improvement. We go into the final quarter encouraged by our progress and confident in delivering on our expectations for the full year.”

THIRD QUARTER 2017 TRADING UPDATE