Business
Focused strategy drives acceleration in growth
Focused strategy drives acceleration in growth.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \n \n \n RNS Number : 1350R\n Coca-Cola HBC AG\n 03 November 2021\n \n \n \n \n THIRD QUARTER 2021 TRADING UPDATE\n \n \n \n \n \n Focused strategy drives acceleration in growth and share gains\n \n \n \n \n \n Coca-Cola HBC AG, \n a growth-focused C\n onsumer \n P\n ackaged \n G\n oods \n business and strategic bottling partner of The Coca-Cola Company, today announces its 2021 Q3 trading update.\n \n \n Third quarter highlights\n \n \n - \n Strong Q3 FX-neutral revenue growth of 17.1%. Sharp acceleration on a 2 year basis, closing 16.8% up on Q3 2019 or 8.9% ahead YTD, on a like-for-like basis1\n \n \n o \n Targeted execution captured the summer season and we benefited from the reopening of the out-of-home channel; Emerging segment strength continued \n \n \n o \n 70bps of value share gained in non-alcoholic ready-to-drink (NARTD) YTD\n \n \n - \n Volume growth of 13.1% was supported by priority categories in our 24/7 portfolio: Sparkling +13.1%; Low/no sugar sparkling +54.6%; Adult sparkling +27.5%; and Energy +29.4%\n \n \n - \n Price/mix up 5.1% YTD and up 3.5% in Q3 on a tougher comparator; all three segments saw price/mix expansion gain pace versus 2019 \n \n \n - \n Rigorous COGS management and disciplined OPEX control \n \n \n - \n On track to complete the acquisition of Coca-Cola Bottling Company of Egypt by Q1 2022\n \n \n - \n Announced commitment to achieve net-zero emissions across the entire value chain by 2040\n \n \n Segment highlights \n \n \n · \n \n Established\n \n : \n Sustained\n positive price/mix development and volume recovery propelled by good execution during the summer season, and out-of-home channel reopening \n \n \n · \n \n Developing\n \n : Q3 segment v\n olumes slightly ahead of 2019 despite Polish sugar tax\n \n \n · \n \n Emerging\n \n : Strong momentum in Nigeria and Russia in the period despite higher comparators\n \n \n \n \n \n \n \n \n Q3 2021 vs Q3 2020\n \n \n \n \n Net sales revenue\n \n \n \n \n Volume\n \n \n \n \n Net sales revenue per unit case\n \n \n \n \n \n \n growth (%)\n \n \n \n \n FX - neutral2\n \n \n \n \n Reported\n \n \n \n \n \n \n \n \n \n \n \n FX - neutral2\n \n \n \n \n Reported\n \n \n \n \n \n \n Total Group\n \n \n \n \n 17.1\n \n \n \n \n 16.1\n \n \n \n \n 13.1\n \n \n \n \n 3.5\n \n \n...