Tag Archives: Coca-Cola Hellenic

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 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.

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.