Business
A QUARTER OF SOLID GROWTH
A QUARTER OF SOLID GROWTH.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 6992G Coca-Cola HBC AG 08 November 2018 \n\nTHIRD QUARTER 2018 TRADING UPDATE\n \nA QUARTER OF SOLID GROWTH\n \nCoca-Cola HBC AG, a leading bottler of the brands of The Coca-Cola Company, today announces its 2018 Q3 trading update.\n \nThird quarter highlights\n· Solid FX-neutral revenue growth, up 4.5%\n· Volumes increased 4.2% in the quarter, with strong delivery in the Developing markets and the Emerging markets.\n- Established markets volumes were broadly stable, given the tough prior-year comparative of 2.2%.\n- Developing markets volumes increased by 11.3%. This very positive result was broad-based with strong volume growth across all the countries in the segment. Poland, which maintained its growth momentum, made a significant contribution. \n- Emerging markets volumes increased by 4.1%, with good contributions from all markets including Nigeria and Russia. As anticipated, we saw a moderation in the very strong pace of growth from Romania, Ukraine and Serbia, which were all cycling high growth rates in the prior-year period. \n· FX-neutral revenue per case improved by 0.3% in the quarter, a slowdown on recent trends, reflecting the timing of our pricing actions and negative channel mix.\n- Established markets FX-neutral revenue per case declined by 0.4%, as strong Water volumes impacted category mix negatively and competitive pressures drove increased promotional activity in the quarter.\n- Developing markets saw FX-neutral revenue per case growth of 2.5%. This is an improvement on the first half, reflecting our strategy to drive more revenue growth in this segment from price and category mix in the second half. \n- Emerging markets saw FX-neutral revenue per case growth of 0.7%, a slowdown on the first half, driven partly by the timing of price increases. A decline in Premium Spirits volumes in Russia had a significant negative impact on category mix, in addition to ongoing negative channel mix. \n \n\n\n\nQ3 2018 vs. Q3 2017\n\n\nNet sales revenue\n\n\nVolume\n\n\nNet sales revenue per unit case\n\n\n\n\ngrowth (%)\n\n\nFX-neutral1\n\n\nReported\n\n\n\n\n\nFX-neutral1\n\n\nReported\n\n\n\n\nTotal Group\n\n\n4.5\n\n\n2.6\n\n\n4.2\n\n\n0.3\n\n\n-1.6\n\n\n\n\nEstablished markets\n\n\n-0.5\n\n\n-0.7\n\n\n-0.1\n\n\n-0.4\n\n\n-0.6\n\n\n\n\nDevelop...