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Q4 ACCELERATION AND ANOTHER STRONG YEAR
Q4 ACCELERATION AND ANOTHER STRONG YEAR.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 8367C Coca-Cola HBC AG 13 February 2020 \n\n \nQ4 ACCELERATION AND ANOTHER STRONG YEAR\nCoca-Cola HBC AG, a leading bottler of The Coca-Cola Company, reports its financial results for the full year ended 31 December 2019.\nFull-year highlights\n· Solid full-year FX-neutral revenue growth of 4.4% (+3.7% excluding the Bambi acquisition1); Strong Q4 revenue growth (+7.4% FX-neutral, +6.0% excluding Bambi) partially offset the impact of poor weather in Q2 and Q3\n· All market segments delivered full-year FX-neutral revenue growth:\no Established: +1.3%; ongoing strong performance in Italy \no Developing: +4.2%; broad-based acceleration in volumes in Q4\no Emerging: + 7.1%; Nigerian share gains and +24% volumes in Q4 \no The discontinuation of Lavazza had a negative impact of 20bps on full-year growth\n· Full year volume +3.3%; volume accelerated in all segments in Q4\n· Sparkling volumes +3.5% with growth in all segments; low/no sugar +26.7% and Adult Sparkling +7.1% \n· Innovation drove 4.2 percentage points of volume growth\n· FX-neutral revenue per case +1.0%; +2.1% excluding Nigeria where we invested in pricing\n· Comparable EBIT +11.5% (+9.5% excluding Bambi): Comparable EBIT margin +60 basis points to 10.8% (+50bps excluding Bambi)\n· Comparable EPS +10.0% to €1.436; basic EPS +10.2% to €1.340\n· Free cash flow +19.6% to €442.6million with capex at 6.9% of revenue\n· The Board of Directors proposes an ordinary dividend of €0.62 per share, an 8.8% increase on 2018 \n\n\n\n\n\n\nFull Year\n\n\nChange\n\n\n\n\n\n\n\n2019\n\n\n2018\n\n\n\n\n\n\n\nVolume1 (m unit cases)\n\n\n2,264.5\n\n\n2,192.3\n\n\n3.3%\n\n\n\n\nNet sales revenue1 (€ m)\n\n\n7,026.0\n\n\n6,657.1\n\n\n5.5%\n\n\n\n\nNet sales revenue per unit case1 (€)\n\n\n3.10\n\n\n3.04\n\n\n2.2%\n\n\n\n\nFX-neutral net sales revenue1,2 (€)\n\n\n7,026.0\n\n\n6,731.9\n\n\n4.4%\n\n\n\n\nFX-neutral net sales revenue per unit case1,2 (€)\n\n\n3.10\n\n\n3.07\n\n\n1.0%\n\n\n\n\nOperating expenses/ Net sales revenue (%)\n\n\...