Tag Archives: Coca-Cola Hellenic

Coca-Cola HBC half-year results rise on volume growth, price increases

Coca-Cola Hellenic Bottling Company (CCHBC), the parent company of the Nigerian Bottling Company (NBC) and bottler in 27 other European countries, on Thursday reported first-half results (Jan – June 2017). The company said that revenue grew 5.6% to €3.2bn ($3.77bn), up from €3bn in 2016. Total volumes rose 1.4%.

The group said that its good performance was driven by volume growth, improved packaging mix and price increases.

Big Beer, Wine and Soft Drinks Firms Vie for Majority Stake in CCBA

Big multinational beer, wine and soft drinks firms are competing for the 57% majority stake in Coca-Cola Beverages Africa (CCBA).

First reported by Reuters and Bloomberg in April, Heineken, Coca-Cola Hellenic and Castel Group are among companies that have bid for a majority stake in CCBA, according to people familiar with the matter.

Coca-Cola HBC hails 4.5% revenue growth in first quarter

Coca-Cola HBC AG, the bottler of Coca-Cola products in Nigeria and 27 other European countries said on Thursday that revenue for the first quarter of 2017 (Jan – Mar) rose 4.5% to €1.38bn ($1.49bn), up from €1.3bn in 2016. Total volumes rose 0.7% in the period.

The group attributes its good performance to strong growth in emerging markets, where sales rose 12.6% to €628.9m on a 4% volume lift. According to the company, volumes in Russia showed the first signs of recovery, recording very low single-digit volume growth for the first time in eight quarters, driven by mid-single digit increase in sparkling.

Revenue growth initiatives, cost efficiencies lift Coca-Cola HBC profit

Coca-Cola HBC, the parent company of Nigerian Bottling Company (NBC) reported its full-year results on Thursday for the 2016 financial year, with revenue falling 2% to €6.2bn ($6.6bn) despite a 1% volume increase.

The company which is the Coca-Cola anchor bottler in 28 mostly European countries and Nigeria said that adverse currency movements caused the decline.

Coca-Cola acquires AB InBev’s stake in CCBA

Soft drinks giant Coca-Cola announced on Wednesday it has agreed to buy SABMiller’s 54.5% stake in Coca-Cola Beverages Africa (CCBA) from AB InBev for $3.15bn.

Coca-Cola and AB InBev said in a joint statement that they had agreed to the transfer of AB InBev’s 54.5% stake in CCBA to The Coca-Cola Company (TCCC). The stake was formerly owned by SABMiller before the mega beer acquisition that saw SAB merge with AB InBev.

NBC marks 65th Anniversary with assurances of more investments

Nigerian Bottling Company (NBC), bottlers of the famed Coca-Cola brand in Nigeria stated its commitment to sustained investment in the country as it celebrated its 65th Year Anniversary.

The assurance was made on 7th December, at an event with stakeholders marking the company’s anniversary. The engagement was part of various events organized by the company to commemorate its historic milestone and themed, ‘Celebrating a Tradition of Excellence’.

NBC appoints George Polymenakos as new Managing Director

Nigerian Bottling Company (NBC), bottlers of the famed Coca-Cola brand in Nigeria has announced the appointment of George Polymenakos as its new Managing Director, with effect from July 2016. Mr. Polymenkos takes over from Ben Langat, who joined NBC as Chief Finance Officer in 2009, and later to be appointed as Managing Director in 2012. Until recently, George Polymenakos was Regional General Manager for Coca-Cola Hellenic Bottling Company (CCHBC) for Moscow, Russia.

Coca-Cola HBC optimistic on full year after half-year profit rises

Coca-Cola HBC on Thursday reported a 3.4% revenue decline for the first-half of 2016 to €3.04bn ($3.4bn) down from €3.2bn recorded in the first-half of 2015. The company blamed adverse currency conditions for the drop. On a neutral currency basis, revenue would have risen 2.4%.

JPMorgan ups potential of Coca-Cola HBC making a bid for newly formed African bottling group

Coca-Cola HBC has the potential to make a major acquisition, according to JPMorgan broker, Casenove. In a note examining the recent re-alignment in Coca-Cola bottling operations worldwide, Casenove noted the strategic value of Coca-Cola Beverages Africa (CCBA), which is widely speculated to be a possible takeover target of Coca-Cola HBC.

Coca-Cola HBC revenue hit by currency headwinds, strong Euro in first quarter 2016

Coca-Cola HBC, said that weak currencies in emerging markets and a strong Euro combined to hit revenue in the first quarter of 2016. It noted that if the effect of currency movements were removed, sales would have risen 2%.

The bottler of Coca-Cola brands in 28 countries including Nigeria said that net sales revenue fell 2.7% to €1.32bn, from €1.35bn in the same period a year ago. Volume growth for the group was flat at 439m cases, helped by increases in developing and emerging markets.