Business
Strong momentum across all segments
Strong momentum across all segments.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \n \n \n RNS Number : 4243I\n Coca-Cola HBC AG\n 12 August 2021\n \n \n \n \n \n Strong momentum across all segments\n \n \n \n \n \n \n Coca-Cola HBC AG, a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, reports its financial results for the six months ended 2 July 2021.\n \n \n Half-year highlights\n \n \n · \n Ongoing recovery and effective execution drove additional momentum and share gains in Q2, with H1 FX-neutral revenue growth +23.1% like-for-like\n \n 1\n \n . Reported revenues +14.7% \n \n \n o \n FX-neutral net sales revenue closed 4% above 2019 levels (like-for-like)\n \n \n o \n Value share gains increased, + 50bps in NARTD\n \n \n · \n Volume growth of 15.9% like-for-like; sustained performance in the at-home channel complemented by recovery in out-of-home during Q2\n \n \n · \n Improvements in FX-neutral revenue per case, benefited from pricing taken in over 90% of our markets and positive category, package and channel mix\n \n \n · \n Prioritisation of opportunities and innovation within our 24/7 portfolio is building momentum \n \n \n o \n Sparkling volume +16.2%, with Adult sparkling +37.0% and Low/no sugar +40.3%\n \n \n o \n Energy volume + 66.1%, driven by the performance of Monster, Burn and Predator\n \n \n · \n Costa Coffee roll-out continues to progress well; Coffee strategy strengthened with premium Italian brand, Caffè Vergnano, to start distribution by 2022\n \n \n · \n Operating leverage and cost savings resulted in comparable EBIT margin up 340 bps to 10.8%\n \n \n o \n €120 million of COVID-related opex savings were achieved in 2020. We continue to expect to retain c. €20 million of this in 2021 and therefore €100 million of these costs to return in H2 2021.\n \n \n Segment highlights\n \n \n Rebound in Established and Developing segments adding to continued strong results in Emerging\n \n \n · \n \n Established:\n \n FX-neutral revenue increased by 17.1% as markets reopened, driving comparable EBIT margins up 440bps \n \n \n · \n \n Developing:\n \n FX-neutral revenue up 17.6%, with s\n table volume performance despite impact from Polish sugar tax; comparable EBIT margins up 180bps \n \n \n · \n \n Emerging: \n \n FX-neutral revenue up 30.3% like-for-like; \n continued strong performance from Russ...