FOURTH QUARTER HIGHLIGHTS
|Volume (m unit cases)||481||477||1%|
|Net Sales Revenue (€ m)||1,575||1,605||-2%|
|Net Sales Revenue per Unit Case (€)||3.27||3.37||-3%|
|Currency Neutral Net Sales Revenue per Unit Case (€)||3.40||3.37||1%|
|Comparable Cost of Goods Sold||1,037||1,050||-1%|
|Comparable EBIT (€ m)||68||56||23%|
|Comparable Net Profit* (€ m)||34||22||54%|
|Comparable EPS (€)||0.09||0.06||50%|
|Full Year||Full Year||%
|Volume (m unit cases)||2,061||2,085||-1%|
|Net Sales Revenue (€ m)||6,874||7,045||-2%|
|Net Sales Revenue per Unit Case (€)||3.34||3.38||-1%|
|Currency Neutral Net Sales Revenue per Unit Case (€)||3.42||3.38||1%|
|Comparable Cost of Goods Sold||4,433||4,518||-2%|
|Comparable EBIT (€ m)||454||453||-|
|Comparable Net Profit* (€ m)||293||285||3%|
|Comparable EPS (€)||0.81||0.78||4%|
*Comparable Net Profit refers to comparable net profit after tax attributable to owners of the parent.
|Fourth Quarter 2013||Full Year 2013|
Dimitris Lois, Chief Executive Officer of Coca‑Cola HBC AG, commented:
"We have delivered a strong fourth quarter with growth in both volume and currency neutral net sales revenue per case which, combined with excellent management of operating expenses, led to a 90bps improvement in our EBIT margin.
In the full year, we are encouraged by the results of our initiatives in the market place, which have lead to share gains in most of our markets, as well as the results of our operating expense and working capital management. Our persistent actions have marked 2013 as the year of inflection in EBIT margin and drove working capital to negative levels for the first time. As a result, once again we have delivered solid free cash flow growth. Based on these results and against the backdrop of continuing economic difficulties and volatility in our territories, we are cautiously optimistic about the year ahead.
We remain 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, focusing on cost leadership through tight operating expense control and generating solid free cash flow, enabling us to invest in sustainable growth and create long-term shareholder value."
Coca‑Cola HBC will host a conference call with financial analysts to discuss the full year 2013 financial results on 14 February 2014 at 10:00 am Swiss time (9:00 am London, 11:00 am 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
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