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Πέμπτη, 03-Νοε-2016 09:15

Coca-Cola HBC: Third quarter 2016 trading update

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THIRD QUARTER 2016 TRADING UPDATE

SOLID QUARTER CONFIRMS FULL-YEAR EXPECTATIONS

Coca-Cola HBC AG, a leading bottler of the brands of The Coca-Cola Company, today announces its 2016 Q3 trading update.

Third quarter highlights

Volume trends developed as expected in the quarter with a 1.0% decline against very tough comparatives in the prior-year quarter when volumes were boosted by incremental demand for Water; volume declined by 0.3% in the first nine months

- Established market volumes continued the trend seen in the first half of the year on much tougher comparatives in the quarter; the 2.5% volume decline was driven by Water in Italy and Austria

- Developing market volumes declined in the quarter by 4.2%, cycling 10.4% growth in the
prior-year quarter

- Volume growth in the Emerging markets was 1.3% - an improvement on the first-half trend, owing to continued growth in Nigeria and Romania and a deceleration in volume decline in Russia

Our focus on revenue growth management delivered a 3.8% improvement in revenue per case on an FX-neutral basis, with better category and package mix in all segments

- Promotional pressures and adverse channel mix impacted FX-neutral revenue per case performance in the Established markets, down 0.3%

- Effective management of promotions and reduced deflationary pressure drove FX-neutral revenue per case in the Developing markets segment, up 3.5%, reversing the negative trend in the first half of the year

- Price increases taken in Emerging markets drove the 8.1% FX-neutral revenue per case growth, accelerating our progress compared to the first half of the year

Q3 2016 vs. Q3 2015 growth	Volume (%)	Net sales revenue (%)	Net sales revenue per unit case (%)	FX-neutral net sales revenue per unit case¹ (%)
Total Group	-1.0	-1.9	-0.7	3.8
Established markets	-2.5	-3.6	-1.0	-0.3
Developing markets	-4.2	-2.3	2.0	3.5
Emerging markets	1.3	-0.1	-1.5	8.1

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

Dimitris Lois, Chief Executive Officer of Coca-Cola HBC AG, commented:

"Performance in the third quarter was as expected, with lower volume reflecting the exceptional growth we saw in the third quarter of 2015. We are pleased with our commercial initiatives, which delivered an improvement in currency-neutral net sales revenue per case. The business is trading well and we remain confident in meeting our expectations for the full year.”

THIRD QUARTER 2016 TRADING UPDATE - SOLID QUARTER CONFIRMS FULL-YEAR EXPECTATIONS