Business
Strong performance despite turbulent environment
Strong performance despite turbulent environment.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \n \n \n FIRST QUARTER 2022 TRADING UPDATE\n \n \n \n \n \n \n \n \n \n Strong performance despite turbulent environment\n \n \n \n \n \n \n Coca-Cola HBC AG,\n a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, today announces its Q1 2022 trading update.\n \n \n \n First quarter highlights\n \n \n \n ·\n Focused execution of our strategy and continued reopening drove broad based growth, with Q1 organic1 growth of 24.2%\n \n \n o \n Q1 organic revenue growth excluding Russia and Ukraine +25.9%\n \n \n o \n Ongoing strength in the Emerging segment despite tough comparatives\n \n \n o \n Value share gains accelerated, with Sparkling +240 bps and NARTD +190 bps. Volume share also continued to expand\n \n \n ·\n We continue to provide urgent support and financial relief to our people and their families impacted by conflict and the human tragedy in Ukraine. In addition, together with The Coca-Cola Company, The Coca-Cola Foundation and other bottlers, we have committed $15 million to support humanitarian relief efforts in the region\n \n \n ·\n Organic volume growth of 11.3% continues to be driven by priority categories in our 24/7 portfolio: Sparkling +10.0%; Low/no sugar sparkling +45.3%; Adult sparkling +22.9%; and Energy +31.7%\n \n \n ·\n Pricing and other Revenue Growth Management actions drove organic revenue per case growth of 11.6% with improving category, package and channel mix. All three segments executed on pricing plans to manage increased inflationary pressures with no negative impact on volumes\n \n \n ·\n Egypt added nearly 12 percentage points to reported volume growth and 7 percentage points to reported net sales revenue in Q1. Integration of the business is progressing ahead of expectations\n \n \n ·\n As previously announced, we are working in close alignment with The Coca-Cola Company on the implementation of the decision to suspend its business in Russia. We can confirm that as of 8th of March we stopped placing orders for concentrate in Russia and ceased investments in the market. As per our announcement on 3rd of March, our guidance for the current financial year remains withdrawn\n \n \n \n Zoran Bogdanovic, Chief Executive Officer of Coca-Cola HBC AG, commented:\n \n \n \n \n \"We are deeply distressed by the unspeaka...