Tag Archives: Coca-Cola Hellenic

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 that 2018 full year revenue grew by 2.1% to €6.7bn.

The firm said that sales growth was driven by 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.

Coca-Cola HBC full year results lifted by volume growth in developing, emerging markets

Coca-Cola HBC, the parent company of the Nigerian Bottling Company (NBC) reported its full year results for 2017 on Wednesday, with the soft drinks giant posting a 24% increase in profit to €426 million. Revenue grew 4.9% in the period to €6.5bn from €6.2bn in 2016.

Coca-Cola HBC picks long-serving veteran, Bogdanovic as new CEO

Coca-Cola HBC, on Thursday announced the appointment of Zoran Bogdanovic as its new chief executive officer (CEO), succeeding Dimitris Lois who passed away in October after a brief illness.

According to the company, Mr. Bogdanovic will also be nominated as an executive director of the firm at the company’s next General Meeting of Shareholders.

Coca-Cola HBC Q3 sales boosted by volume growth

Coca-Cola HBC said on Thursday that net sales revenue in the third quarter grew by 5%, driven by a 3.4% volume growth across a broad range of countries.

The Coca-Cola anchor bottler in 28 mostly European countries and Nigeria said that the overall volume increase is a testament to the strength of its execution across its markets.

Net sales in the third quarter hit €1.8bn and €5.04bn in the nine months to the end of September, a 5.4% increase from the previous year.

AB InBev completes divestment of interest in Coca-Cola Beverages Africa

Anheuser-Busch InBev announced on Wednesday that it had completed the sale of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA), the continents largest Coke bottler to The Coca-Cola Company (TCCC) for $3.15bn after customary adjustments, as announced on December 21, 2016.

CCBA was formed in 2016 through the merger of SABMiller’s African non-alcoholic beverage interest with The Coca-Cola Company’s South African operations and the Gutsche Family Investments, the owners of South African-based Coca-Cola Sabco.