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Trading statements

Coca-Cola HBC sees good revenue growth

11 May 2017 07:36

Coca-Cola HBC AG, a leading bottler of the brands of The Coca-Cola Company, saw good revenue growth in the first quarter.

An update said that group volume was up 0.7% in the quarter with varied trading conditions across its 28 countries.

It added: "Improving underlying performances in many of our countries compared to the prior-year quarter were partially offset by the timing of Easter, which shifted into Q2 this year, and the impact of our focus on driving value in certain markets such as Poland and Italy.

"The benefits of our continued focus on revenue growth management through improved category and package mix in all segments, coupled with price increases, predominantly in Nigeria and other Emerging markets, resulted in a substantial improvement in FX-neutral net sales revenue per unit case, which grew by 4.5% in the quarter. Net sales revenue grew by 4.5%, after a 0.7% adverse currency impact."

Chief executive Dimitris Lois said: "The business has delivered good revenue growth in the first quarter, strong momentum in price and mix and improvement in volume despite the late Easter impact.

"We are pleased with the underlying trends in the business. Our commercial initiatives continue to deliver good results, and add to our confidence going into the remainder of the year."

Story provided by StockMarketWire.com

Related Company: CCH

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