Tag Archives: Coca-Cola HBC AG

NBC delivers multi-million euros education and water projects to Kano State as part of CSR initiative

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The Nigerian Bottling Company (NBC), the sole bottler of Coca-Cola products in Nigeria and a subsidiary of Coca-Cola Hellenic Bottling Company Limited (CCHBC) has inaugurated several education and water projects in Kano State.

According to a Memorandum of Understanding (MoU) the firm signed with the state, the completed projects will benefit over one million people living around the area where the company has its operations.

Coca-Cola HBC buys Italian mineral water and sparkling beverage firm, Lurisia

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Coca-Cola Hellenic Bottling Company (HBC), which bottles Coca-Cola products in Nigeria and 27 European countries, said it has reached an agreement to acquire Italian mineral water and sparkling beverages firm, Lurisia for €88 million euros ($97 million).

According to the company, the purchase was made with the global bottling group, The Coca-Cola Company (TCCC) and would allow it to add Italian premium brands to its portfolio which already includes iced teas and plant-based drinks.

Coca-Cola HBC again wins the Dow Jones Sustainability Index

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Coca-Cola HBC, a leading anchor bottler of Coke soft drinks in 28 countries including Nigeria and the parent company of the Nigerian Bottling Company (NBC) has again won the Dow Jones Sustainability Index.

The 2019 Dow Jones Sustainability Index – a leading global benchmark for sustainability in business – rated Coca-Cola HBC Europe’s most sustainable beverage company. This is the 6th time in 7 years that the company has been ranked number 1 in the index and the 9th year in a row that it has been ranked in the top three Global and European beverage companies.

Coca-Cola HBC half-year profit hit by poor weather, challenging prior year comparable

Coca-Cola HBC on Thursday reported a 10.1% decline in profit for the first half of the year ending on 30th June 2019, adversely impacted by unseasonably wet and cold weather conditions in the second quarter as well as a challenging comparable from the previous year when Coca-Cola was one of the main sponsors of the FIFA World Cup tournament and benefitted immensely from the sales promo.

NBC pledges commitment to economic growth at unveiling of sustainability report

The Nigerian Bottling Company Limited (NBC), the sole bottler of Coca-Cola products in Nigeria and a subsidiary of Coca-Cola Hellenic Bottling Company (CCHBC) has restated its commitment to contributing its quota towards a more sustainable society through its social, economic and environmental initiatives.

At the unveiling of the company’s sustainability report, NBCs’ Public Affairs and Communications Director, Ekuma Eze, described the Sustainability Report as a compilation of NBC’s social impact and environmental stewardship in Nigeria over the last few years.

Coca Cola HBC forecasts Annual Revenue growth of 6% through 2025

Coca-Cola HBC, the leading bottler of Coca-Cola products in 28 countries including Nigeria announced on Monday it expects revenue annual growth of 6% for the next six years through 2025.

According to a Reuters report, the company said that the average annual revenue growth rate is expected to be in the range of 5%-6% on a currency-neutral basis.

The 2019 Edition of NBC Youth Empowered Workshop gets off to a Strong Start in Abeokuta

The Nigerian Bottling Company Limited (NBC), bottlers of the famed Coca-Cola brand of soft drinks in Nigeria flagged-off its 2019 edition of Youth Empowered workshop in Abeokuta on May 21, 2019 at the Providence Event Centre, Abeokuta, Ogun State.

According to the company, the aim of the workshop is to equip youths with necessary practical skills to become more competitive in tackling youth unemployment in the country.

Coca-Cola Refrigeration Uptime Enhances Vaccine Access

Project Last Mile – a public-private partnership that shares Coca-Cola’s expertise to support African governments in the delivery of life-saving medicines and supplies to the communities that are most in need has launched a Cold Chain Equipment Maintenance Project in Lagos.

The project that is still in its pilot phase has been launched to support Lagos State’s immunisation program through sharing refrigeration maintenance expertise from Coca-Cola’s experience.

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.

Coca-Cola HBC buys Serbian Confectionery Company, Bambi

Coca-Cola Hellenic Bottling Company (CCHBC) has acquired Serbian confectionery company Bambi in a deal valued at €260 million.

Bambi, which was formed in 1967, manufactures a range of products, including biscuits, wafers and savoury snacks. Its brands include Bambi, Plazma, Wellness, Zlatni Pek, and Josh.