Business
A STRONG FIRST QUARTER
A STRONG FIRST QUARTER.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 8194X Coca-Cola HBC AG 02 May 2019 \n\nFIRST QUARTER 2019 TRADING UPDATE\n \nA STRONG FIRST QUARTER\n \nCoca-Cola HBC AG, a leading bottler of the brands of The Coca-Cola Company, today announces its 2019 Q1 trading update.\n \nFirst quarter highlights\n· Strong performance across all segments delivered FX-neutral revenue growth of 4.7%. \n· Volumes increased by 3.5%, an acceleration from the prior year first quarter, despite a 90 basis point headwind from the later Easter. \n- Established segment volumes grew by 0.2%, with ongoing growth in Ireland and Greece and a notable improvement in Italy despite the Easter impact. \n- Developing segment volumes grew by 2.6%, cycling a very strong 11.8% in the prior year period. \n- Emerging segment volumes grew by 5.7% with encouraging volume growth in Nigeria and continued strong results from Russia, Romania and Ukraine. \n· FX-neutral revenue per case increased by 1.1% as better pack mix, and the benefits of price increases in the second half of 2018, more than offset dilution from the discontinuation of Brown-Forman Spirits distribution in Russia. \n- In the Established segment, positive pack mix and selective price increases drove a 1.2% improvement in FX-neutral revenue per case.\n- In the Developing segment, FX-neutral revenue per case grew by 3.8%, an improvement from the pace of expansion in 2018, reflecting our strategy to drive more revenue growth in this segment from pack and category mix, as well as price increases.\n- In the Emerging segment, the 1.1% improvement in FX-neutral revenue per case was held-back by adverse channel and category mix in Russia, as well as weaker price mix in Nigeria. \n· Following several years of strong financial performance and good progress towards our 2020 growth targets, the Board is proposing a special dividend of €2.00 per share, amounting to a total of approximately €730 million.\n \n\n\n\nQ1 2019 vs Q1 2018\n\n\nNet sales revenue\n\n\nVolume\n\n\nNet sales revenue per unit case\n\n\n\n\n...