Continued strong business performance

                                                              HIGHLIGHTS FOR THE NINE MONTHS

• Volume, excluding acquisitions, of 1,331 million unit cases, 10% above 2005, (reported: 1,357 million unit cases, 12% above 2005),

• Steady progress in underlying operating profit (EBIT) to €506 million, 12% above prior year (reported: €469 million),

• Underlying net profit of €363 million, 18% above prior year (reported: €341 million),

• Underlying EPS of €1.51, 17% above prior year (reported: €1.41).

                                                                    THIRD QUARTER HIGHLIGHTS

• Volume, excluding acquisitions, of 500 million unit cases, 10% above 2005, (reported: 522 million unit cases, 15% above 2005),

• Solid progress in underlying operating profit (EBIT) to €231 million, 13% above prior year (reported: €225 million),

• Underlying net profit of €172 million, 16% above prior year (reported: €167 million),

• Underlying EPS of €0.72, 16% above prior year (reported: €0.69).

 

Note: Underlying financial indicators (Operating profit, EPS, etc.) exclude the recognition of pre-acquisition tax losses, restructuring costs, exceptional items and the results of the acquired entities in 2006 as per page 4

Doros Constantinou, Managing Director of Coca‑Cola HBC, commented:

“Continued strong organic volume growth in the third quarter, together with effective execution of revenue growth strategies has enabled us to maintain our positive earnings momentum despite persistent raw material cost pressures. As a result, we are now confidently able to upgrade our full year earnings guidance. Our top line investment initiatives continue to reap rewards, with all product categories showing growth, particularly those in our expanding non-CSD portfolio. Together with selective acquisitions that are consistent with our strategy and further leveraging our distribution strength, we remain confident that our long-term business model will continue to support our earnings growth at a strong and sustainable level.”

                                                                                                                                                   14 November 2006

 

PLEASE DOWNLOAD THE COMPLETE PRESS RELEASE