Business
A GOOD START TO THE YEAR
A GOOD START TO THE YEAR.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 1378Y Coca-Cola HBC AG 13 May 2016 \n\nFIRST QUARTER 2016 TRADING UPDATE\n \nA GOOD START TO THE YEAR\n \nCoca-Cola HBC AG, a leading bottler of the brands of The Coca-Cola Company, today announces its Q1 2016 trading update.\n \nFirst quarter highlights\n· Reported volumes were stable in the quarter1 with an improving underlying trend in Established and Emerging market segments\n- Good growth in Nigeria, Romania and Poland, offset weak performance in Russia\n- Premium sparkling brands, water and energy drinks performed well\n· FX-neutral net sales revenue per unit case improved substantially, up 2%. Net sales revenue was adversely impacted by weak emerging market currencies and the strong Euro. \n· Established markets volumes declined by 2.7% while Italy maintained positive momentum. On a FX-neutral basis, pricing was up marginally in the segment compared to the prior-year quarter despite the continuing deflationary environment in certain countries.\n· Developing markets volumes grew in nearly all categories and countries resulting in overall volume growth of 1.9% despite tough comparatives. Pricing remains weak, particularly in the Czech Republic and Poland.\n· Emerging markets volumes were robust; Nigeria was the key driver with low-teens percentage volume growth in a seasonally important quarter; in Russia, we outperformed in a declining market with our volumes continuing to decline across the categories with the exception of Coke Zero and energy drinks.\n 1 1.4% adverse impact on reported volumes from one less selling day compared to the prior-year quarter; please also see Trading on page 2\n \n\n\n\n\nQ1 2016 vs. Q1 2015 growth\n\n\nVolume (%)\n\n\nNet sales revenue (%)\n\n\nNet sales revenue per unit case (%)\n\n\nFX-neutral net sales revenue per unit case (%)\n\n\n\n\nTotal Group\n\n\n0.1\n\n\n-2.7\n\n\n-2.6\n\n\n2.0\n\n\n\n\nEstablished markets\n\n\n-2.7\n\n\n-3.6\n\n\n-1.0\n\n\n0.2\n\n\n\n\nDeveloping markets\n\n\n1.9\n\n\n-1.9\n\n\n-3.8\n\n\n-1.8\n\n\n\n\nEmerging markets\n\n\n1.3\n\n\n-2.1\n\n\n-3.1\n\n\n6.5\n\n\n\n\n \nDimitris Lois, Chief Executive Officer of Coca-Cola HBC AG, commented:\n\"We had a good start to the year with Q1 trading in line with our plans. Our co...