Business
CONTINUED GOOD PROGRESS IN MARGIN RECOVERY
CONTINUED GOOD PROGRESS IN MARGIN RECOVERY.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 0177X Coca-Cola HBC AG 16 February 2017 \n\nCONTINUED GOOD PROGRESS IN MARGIN RECOVERY\nCoca-Cola HBC AG, a leading bottler of The Coca-Cola Company, reports its financial results for the full year ended 31 December 2016.\nFull-year highlights\n· Another year of good progress, with the business developing in line with our 2020 strategic plan \n· Net sales revenue up 3.0% on an FX-neutral basis; taking account of currency movements, net sales revenue declined by 2.0% \n· FX-neutral revenue per case grew in all geographic segments, up 2.9% overall; this substantial increase reflects our focus on value through price increases, mainly in Emerging markets, as well as better package and category mix\n· Volume increased by 0.1%, with good growth led by Nigeria and Romania, offset by continuing decline in Russia and weaker volume performance in Italy and Austria\n· Cost efficiencies resulted in a 100 basis-point reduction in comparable operating expenses as a percentage of net sales revenue\n· Comparable EBIT margin increased by 90 basis points to 8.3%, benefiting from our revenue growth management initiatives, cost efficiencies and benign input costs; EBIT margin improved by 160 basis points to 8.1% on a reported basis\n· Increased profits helped generate €431.2 million of free cash flow, up €19.4 million year on year\n· Comparable EPS increased by 12.5% to €0.972; reported EPS increased by 23.1% to €0.949\n· The Board of Directors proposes a €0.44 dividend per share, a 10% increase on the 2015 dividend \n \n\n\n\n\n\n\n\nFull Year\n\n\nChange\n\n\n\n\n\n\n\n2016\n\n\n2015\n\n\n\n\n\n\n\nVolume (m unit cases)\n\n\n2,057.9\n\n\n2,055.0\n\n\n0.1%\n\n\n\n\nNet sales revenue (€ m)\n\n\n6,219.0\n\n\n6,346.1\n\n\n-2.0%\n\n\n\n\nNet sales revenue per unit case (€)\n\n\n3.02\n\n\n3.09\n\n\n-2.1%\n\n\n\n\nFX-neutral net sales revenue1 (€ m)\n\n\n6,219.0\n\n\n6,038.0\n\n\n3.0%\n\n\n\n\nFX-neutral net sales revenue per unit case1 (€)\n\n\n3.02\n\n\n2.94\n\n\n2.9%\n\n\n\n\nOperating expenses (€ m)\n\n\n(1,792.5)\n\n\n(1,909.2)\n\n\n-6.1%\n\n\n\n\nCompara...