Daily Archives: August 19, 2018

Coca-Cola HBC reports marginal sales growth in first half amid continued currency depreciation in Emerging markets

Coca-Cola Hellenic Bottling Company (“Coca-Cola HBC AG”), the parent company of the Nigerian Bottling Company (NBC) reported a 0.5% revenue growth for the first half of 2018 through June ending. Sales grew to €3.2bn, driven by a 4.6% volume lift across all markets, with the biggest gains coming from developing markets which grew 8.9%, followed by emerging markets at 5.1% and established markets at 0.9%.

The company which operates in 28 countries in Europe and Nigeria said that growth accelerated in the second quarter bolstered by new product launches, good weather and the FIFA World Cup.