HIGHLIGHTS FOR THE FULL YEAR • Volume, excluding acquisitions, of 1,746 million unit cases, 11% above 2005 (including acquisitions: 1,788 million unit cases, 13% above 2005),
• Solid progress in underlying operating profit (EBIT) to €569 million, 13% above prior year and 15% including acquisitions (reported: €507 million),
• Underlying net profit of €378 million, 18% above prior year (reported: €334 million),
• Underlying EPS of €1.57, 17% above prior year (reported: €1.39). Including acquisitions €1.58 or 18% above prior year.
FOURTH QUARTER HIGHLIGHTS
• Volume, excluding acquisitions, of 415 million unit cases, 13% above 2005 (including acquisitions: 431 million unit cases, 17% above 2005),
• Strong underlying operating profit (EBIT) momentum to €63 million, 28% above prior year and 29% including acquisitions (reported: €38 million),
• Underlying net profit of €15 million, 20% above prior year (reported: net loss €7 million),
• Underlying EPS of €0.06, 20% above prior year (reported: -€0.03). Including acquisitions €0.05 the same as prior year.
Note: Underlying financial indicators (Operating profit, EPS, etc.) exclude the recognition of pre-acquisition tax losses, restructuring costs, exceptional items and, unless otherwise stated, the results of the entities acquired in 2006 as per note 16.
Doros Constantinou, Managing Director of Coca‑Cola HBC, commented:
“I am pleased to report continued strong performance in 2006, representing the sixth consecutive year of double-digit underlying earnings per share growth since Coca‑Cola HBC was formed. Our operating profit grew ahead of volume, building on our continued investments in sales force capabilities, once again demonstrating our ability to drive profitable growth in challenging conditions. In line with our strategy of expanding our noncarbonated product portfolio, which now represents 33% of total group volume, we completed, jointly with The Coca‑Cola Company, the acquisitions of Fonti Del Vulture, a high quality water business in Italy, and Fresh & Co, the leading juice producer in Serbia. We also expanded our territorial reach to include Cyprus, whilst entering the dairy segment in this market through the acquisition of Lanitis Bros.
We believe our proven ability to execute on our strategy, our balanced geographic presence and the commitment and passion of our people will allow us to deliver another year of solid performance in 2007, in spite of continued input cost pressures.”
14 February 2007
PLEASE DOWNLOAD THE COMPLETE PRESS RELEASE