Daily Archives: May 2, 2019

Coca-Cola HBC Q1 results boosted by Emerging markets

Switzerland-based Coca-Cola HBC reported a 4.4% increase in first quarter net revenue on Thursday, helped by strong growth in emerging markets.

Net sales grew to €1.4bn ($1.58bn), from €1.35bn on the back of a 3.5% volume lift. Total unit case volumes sold rose to 469.2 million cases, from 453.2 million cases in 2018.

The company’s emerging market segment saw sales growth of 6.4% to €612.9m, boosted by a 5.7% volume lift. The growth in emerging market was driven by activities in Nigeria and ongoing expansion in Russia, Romania and Ukraine.

FrieslandCampina WAMCO Opens World-class Dairy Training Academy

FrieslandCampina WAMCO Nigeria Plc, leading dairy giant and producers of Peak and Three Crowns milk, has unveiled WAMCO Academy, a world class training centre, as part of the company’s efforts to promote its business and employees’ growth. The unveiling ceremony took place on Tuesday April 30 within the company premises in Lagos.