Business
EXCEPTIONAL SET OF RESULTS
EXCEPTIONAL SET OF RESULTS.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 8042E Coca-Cola HBC AG 14 February 2018 \n\nEXCEPTIONAL SET OF RESULTS\nCoca-Cola HBC AG, a leading bottler of The Coca-Cola Company, reports its financial results for the full year ended 31 December 2017.\nFull-year highlights\n· Another year of significant progress towards our 2020 strategic objectives \n· Good balance of volume and price/mix growth drove net sales revenue up 5.9% on an FX-neutral basis; reported net sales revenue increased by 4.9% \n· FX-neutral revenue per case improved in all segments, up 3.6% overall\n˗ acceleration compared to 2016 driven by price increases taken in the Emerging segment and better package and category mix across the business \n· Volume increased by 2.2%, with growth in all segments\n˗ good momentum in Emerging and Developing segment countries except for Nigeria and Russia, which delivered marginally lower volumes in challenging environments \n˗ growth in both Sparkling and Still drinks\n· Comparable EBIT up 20.0% to €621.0 million; comparable EBIT margin up 120 basis points to 9.5%; reported margin up 90 basis points to 9.0%\n˗ benefits of revenue growth management initiatives including price increases\n˗ carefully managed input costs and a marginally positive foreign exchange impact \n˗ marketing spend up 10 basis points as percentage of revenue to invest in future growth\n˗ operating leverage drove a 30 basis-point reduction in comparable operating expenses as a percentage of net sales revenue\n· Free cash flow was €425.9 million; higher operating cash flow was offset by a €46 million increase in investments in revenue-generating assets as planned\n· The Board of Directors proposes a €0.54 dividend per share, a 23% increase on the 2016 dividend \n\n\n\n\n\n\n\nFull Year\n\n\nChange\n\n\n\n\n\n\n\n2017\n\n\n2016\n\n\n\n\n\n\n\nVolume (m unit cases)\n\n\n2,104.1\n\n\n2,057.9\n\n\n2.2%\n\n\n\n\nNet sales revenue (€ m)\n\n\n6,522.0\n\n\n6,219.0\n\n\n4.9%\n\n\n\n\nNet sales revenue per unit case (€)\n\n\n3.10\n\n\n3.02\n\n\n2.6%\n\n\n\n\nFX-neutral net sales revenue1 (€ m)\n\n\n6,522.0\n\n\n6,157.2\n\n\n5.9%\n\n\n\n\nFX-...