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 |
1 For 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
