FIRST QUARTER HIGHLIGHTS

• Volume of 327 million unit cases, 6% ahead of the same period in 2005;

• Operating profit of €26.7 million versus €46.8 million, 43% behind prior year;

• Net loss of €0.2 million versus net income of €13.0 million in the first quarter of 2005.

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

‘I am pleased with our performance during the first three months of the year which reflects solid organic volume growth combined with favorable price mix. The quarter was also positively impacted by the contribution of our juice business in Russia, Multon, which we acquired during April 2005. While the first quarter is typically a small one for our business, it was particularly encouraging to see volume improvement and pricing realization in line with our expectations across most countries. Importantly, we continued to enhance our marketplace capabilities with the addition of new sales personnel and successfully rolling out our full beverage portfolio strategy. We are also pleased to have finalized the Fresh & Co acquisition in March and the purchase of 95% of Lanitis in April, both of which will provide excellent opportunities for CCHBC.’

                                                                                                                                                    May 16, 2006

 

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