COCA-COLA HBC A.G. - FIRST QUARTER 2018 TRADING UPDATE - CONTINUING TO DELIVER BALANCED REVENUE GROWTH

FIRST QUARTER 2018 TRADING UPDATE

CONTINUING TO DELIVER BALANCED REVENUE GROWTH

Coca-Cola HBC AG a leading bottler of the brands of The Coca-Cola Company today announces its 2018 Q1 trading update.

First quarter highlights

• Solid performance to start the year delivering 4.5% FX-neutral revenue growth through a balance of volume growth and price/mix improvements
• Volumes increased by 2.3% in the quarter with very strong growth in the Developing segment and another quarter of expansion in the Established segment. Innovation in Sparkling drinks helped drive 2.8% growth in the category.

-        Established segment volumes grew 1.1% aided by improved volumes in Ireland and Switzerland and continued good growth in Greece.

-        Developing segment volumes expanded 11.8% driven by very strong growth in Poland which was helped in part by the timing of Easter.

-        Emerging segment volumes were broadly stable as continued strong growth from our medium-sized countries offset volume declines in Nigeria and to a lesser extent Russia.

• FX-neutral revenue per case increased by 2.1% with the rollover effect of 2017 price increases and mix improvements in the Emerging and Established segments partly offset by some mix deterioration in the Developing segment.   

-        In the Established segment positive category and pack mix drove a 0.8% improvement in
FX-neutral revenue per case.

-        In the Developing segment FX-neutral revenue per case declined by 1.3%. A very strong Easter volume performance in the segment led to negative package and channel mix effects which were partly offset by better category mix.

-        In the Emerging segment the 4.5% improvement in FX-neutral revenue per case was largely a result of the rollover effect of 2017 price increases supported by better category and pack mix.

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

Zoran Bogdanovic Chief Executive Officer of Coca-Cola HBC AG commented:

“We are pleased to report a good start to the year in line with our expectations.

“Product innovation and our ongoing revenue growth management initiatives continue to deliver balanced growth through volume and price/mix improvements. With strong commercial plans in place and anticipated gradual economic recovery in Russia and Nigeria we expect our revenue growth to accelerate as the year progresses.”