Business
YEAR STARTS WELL WITH GOOD REVENUE GROWTH
YEAR STARTS WELL WITH GOOD REVENUE GROWTH.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 7927E Coca-Cola HBC AG 11 May 2017 \n\nFIRST QUARTER 2017 TRADING UPDATE\n \nYEAR STARTS WELL WITH GOOD REVENUE GROWTH\n \nCoca-Cola HBC AG, a leading bottler of the brands of The Coca-Cola Company, today announces its 2017 Q1 trading update.\n \nFirst quarter highlights\n· Good progress on FX-neutral revenue growth, up 5.2%.\n· Volumes increased by 0.7% in the quarter. Excluding the impact of the timing of Easter, which shifted into Q2 this year, volumes grew in the majority of our countries. \n- Established markets volume down 2.2%, reflecting an improving trend, excluding the impact of Easter. Volume growth in Greece and Ireland partly offset lower volume in Switzerland, and Italy following the de-listing of low-value water brands. \n- Developing markets segment volume down 3.6%, largely driven by lower volume in Poland, where our focus continues to be on driving value. \n- Emerging markets segment volume up 4.0%, with broad-based growth across our markets. Russia returned to growth, outperforming a weak market, and Nigeria volume continued to grow, despite macro-economic challenges and significant price increases. \n· FX-neutral revenue per case increased by 4.5%, reflecting our continued focus on revenue growth management through improved package and category mix as well as price increases. \n- In Established markets, positive category and package mix was more than offset by adverse channel mix and an increase in promotional activity, leading to a decrease in FX-neutral revenue per case of 0.2%. \n- In Developing markets, FX-neutral revenue per case improved by 4.1% driven by better category and package mix. \n- Price increases taken in the Emerging markets segment, mainly in Nigeria, drove the 10.3% FX-neutral revenue per case growth.\n\n\n\n\nQ1 2017 vs. Q1 2016\n\n\nVolume (%)\n\n\nNet sales revenue (%)\n\n\nNet sales revenue per unit case (%)\n\n\nFX-neutral net sales revenue per unit case1 (%)\n\n\n\n\nTotal Group\n\n\n0.7\n\n\n4.5\n\n\n3.8\n\n\n4.5\n\n\n\n\nEstablished markets\n\n\n-2.2\n\n\n-2.5\n\n\n-0.3\n\n\n-0.2\n\n\n\n\nDeveloping markets\n\n\n-3.6\n\n\n1.1\n\n\n4.9\n\n\n4.1\n\n\n\n\nEmerging markets\n\n\n4.0\n\n\n12.6\n\n\n8.3\n\n\n10.3\n\n\n\n\n1 &nb...