Member Article

Coca-Cola HBC AG deliver solid quarter despite headwinds

Coca-Cola HBC AG, the second largest bottler of the brands of The Coca-Cola Company, has reported a solid quarter despite some headwinds in its established markets.

Its established market volumes declined at a slower pace than in the prior-year quarter and revenue was boosted by strong currencies.

However the group report that volatility in currency and oil markets as well as political concerns in certain countries continue to provide an uncertain background

Despite this the company saw good performances in Nigeria, Poland, Romania, Hungary and the Czech Republic.

Chief executive officer of Coca-Cola HBC AG, Dimitris Lois, said: “Trading was in line with expectations, delivering a solid quarter.

“The plans we put in place to stabilise volumes in Europe, and the pricing initiatives we implemented to mitigate the adverse impact of currencies in certain emerging markets have been effective.

“While there is still some uncertainty ahead, the initiatives we can deploy to mitigate the potential headwinds have been successful and we are encouraged by the results the business has delivered in the quarter.”

This was posted in Bdaily's Members' News section by Sophia Taha .