THIRD QUARTER HIGHLIGHTS
|Volume (m unit cases)||575||594||-3%|
|Net Sales Revenue (€ m)||1,918||2,021||-5%|
|Net Sales Revenue per Unit Case (€)||3.34||3.40||-2%|
|Currency Neutral Net Sales Revenue per Unit Case (€)||3.45||3.40||1%|
|Comparable Cost of Goods Sold||1,213||1,281||-5%|
|Comparable EBIT (€ m)||207||211||-2%|
|Comparable Net Profit2 (€ m)||148||156||-5%|
|Comparable EPS (€)||0.41||0.44||-7%|
|Nine Months||Nine Months||%
|Volume (m unit cases)||1,579||1,608||-2%|
|Net Sales Revenue (€ m)||5,299||5,440||-3%|
|Net Sales Revenue per Unit Case (€)||3.36||3.38||-1%|
|Currency Neutral Net Sales Revenue per Unit Case (€)||3.42||3.38||1%|
|Comparable Cost of Goods Sold||3,396||3,468||-2%|
|Comparable EBIT (€ m)||386||398||-3%|
|Comparable Net Profit2 (€ m)||259||263||-2%|
|Comparable EPS (€)||0.71||0.72||-1%|
1 Comparative amounts have been adjusted to reflect the impact of new accounting standards adopted in 2012, as detailed in note 1 to the condensed consolidated interim financial statements.
2 Comparable Net Profit refers to comparable net profit after tax attributable to owners of the parent.
|Third Quarter 2013||Nine Months 2013|
Dimitris Lois, Chief Executive Officer of Coca‑Cola HBC AG, commented:
“Currency neutral net sales revenue per case increased for the ninth consecutive quarter. The volume decline in our established and developing markets reflects the ongoing difficult macroeconomic environment in Europe. Our emerging markets were characterised by varying levels of performance and more difficult comparables, concealing the underlying growth in some of our countries. Trademark Coca‑Cola products grew by 3% and remained a key driver of volume in the quarter.
We are very pleased to deliver margin improvements at both the comparable gross profit and EBIT level in the third quarter. This is a clear reflection of our ongoing commitment to improve our operational efficiency.
We anticipate that the trading conditions will remain difficult for the rest of 2013. We are confident in our ability to continue to drive operational performance and deliver on our strategic commitments: winning in the marketplace, growing currency neutral net sales revenue per case and focusing on cost leadership through tight operating expense control and disciplined working capital management.
In addition, our business continues to generate significant free cash flow, enabling us to invest in sustainable growth and create long-term shareholder value.
We are proud that our commitment to sustainable, profitable growth has been recognised for the sixth consecutive year through our inclusion in the Dow Jones Sustainability Index, ranking first in Europe and second in the World in the beverages sector.”
Coca‑Cola HBC will host a conference call with financial analysts to discuss the third quarter and nine month financial results on 7 November 2013 at 10:00 am Swiss time (9:00 am London, 11:00am Athens, and 4:00 am New York time). Interested parties can access the live, audio webcast of the call through Coca‑Cola HBC’s website (www.coca-colahellenic.com/investorrelations/webcasts).
|Coca‑Cola HBC AG
Investor Relations Director
Investor Relations Manager
Investor Relations Manager
|International media contact:||Tel:|
Charles O’ Brien
|Greek media contact:|