Strong momentum continues

                                                          HIGHLIGHTS FOR THE NINE MONTHS

· Volume of 1,189 million unit cases excluding acquisitions, 10% above 2004 (including acquisitions: 1,211 million unit cases, 12% above 2004),

· Strong progress in underlying operating profit (EBIT) to €439 million, 9% above prior year (13% above 2004 including acquisitions),

· Underlying net profit of €299 million (reported: €300 million), 17% above prior year,

· Underlying EPS of €1.25 (reported: €1.26), 17% above prior year, · Cash flow generated from operating activities less capital expenditure strengthened to €250 million versus €168 million for the comparable period in 2004.

                                                               THIRD QUARTER HIGHLIGHTS

· Volume of 444 million unit cases excluding acquisitions, 10% above 2004 (including acquisitions: 456 million unit cases, 13% above 2004),

· Strong progress in underlying operating profit (EBIT) to €197 million, 12% above prior year (16% above 2004 including acquisitions),

· Underlying net profit of €142 million (reported: €146 million), 20% above prior year, · Underlying EPS of €0.60 (reported: €0.61), 20% above prior year

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

“I am pleased to report another solid quarter, and nine months as we continue the successful execution of our strategy. The roll out of new products and packages, continued focus on revenue management and best practice sharing across our countries, enabled us to deliver strong volume growth and profitability improvement, despite rising input costs and challenging retail trends in some of our markets. We remain confident that we will meet our 2005 full year financial targets as we continue to see steady momentum in several countries and reinvest in the business in line with our strategic initiatives.”

                                                                                                                                                      23 November 2005

PLEASE DOWNLOAD THE COMPLETE PRESS RELEASE