Tag Archives: Coca-Cola HBC AG

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.

Coca-Cola HBC ends year on a high

Coca-Cola HBC AG, the parent company of the Nigerian Bottling Company Limited (NBC) and group bottler in 27 European countries said 2018 full year revenue grew by 2.1% to €6.7bn.

Sales growth was driven by a 4.2% volume growth across all segments, buoyed by Sparkling beverages. However, Italy and Nigeria saw volume declines, with the company faced with a competitive environment in Nigeria.

Nigerian Bottling Company converts Enugu plant into a logistics, distribution hub

The Nigerian Bottling Company Limited (NBC), the Nigerian subsidiary of Coca-Cola Hellenic Bottling Company (CCHBC), announced that it has converted its Enugu bottling operation into a hub for material handling and logistics for the region.

The company said that its decision to transform the bottling operation into a logistics and distribution hub was due to the desire to deliver better value to its esteemed consumers and trade partners not only in Enugu State but in the entire South-East region.

Coca-Cola HBC sees tepid growth in nine months

Coca-Cola HBC, the parent company of the Nigerian Bottling Company (NBC), with operations in 27 other European countries, said it posted a 2.6% revenue growth in the third quarter of 2018 to €1.87bn and 1.2% sales rise in nine months to €5.09bn.

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.

Coca-Cola HBC Q1 sales hit by emerging markets currency headwinds

Coca-Cola HBC said on Friday that first quarter net sales revenue fell by 1.7% to €1.35bn, impacted by a 6.2% adverse currency translation, mainly from the depreciation of the Nigerian Naira and the Russian Rouble.

The soft drinks giant, which operates in 28 mostly European countries and Nigeria and groups its businesses into three market segments suffered a big decline in its emerging markets segments, where net sales revenue fell by 8.4% to €576.1m from €628.9m in the prior year. The decline was blamed on currency depreciation of the Nigerian Naira and the Russian Rouble, two of its biggest markets. The company notes that volumes fell by 10% in Nigeria due to tough comparative in both volume and price compared to the prior year quarter as well as availability issues in certain packs. It notes that the Nigerian economy continues to recover, but the consumer remains under pressure due to high unemployment and inflation.