FIRST QUARTER 2025 TRADING UPDATE

Strong start; reiterating 2025 guidance

Coca-Cola HBC AG, a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, today announces its Q1 2025 trading update.

First quarter highlights

Ongoing execution of our 24/7 strategy delivered 10.6% organic revenue growth¹

• Organic volume grew 1.8%, driven by a good performance in Emerging markets; Sparkling volumes grew 1.1% and Energy grew +25.5%
• Organic revenue per case increased 8.7%, reflecting effective revenue growth management (RGM) initiatives
• Reported revenue growth of 8.7%, with strong organic growth partially offset by FX translation headwinds in the Emerging segment
• Value share gains in Non-Alcoholic Ready-To-Drink (NARTD) year-to-date, on top of strong gains in 2024

Organic revenue growth across all segments, despite a mixed environment, with a particularly good performance in Emerging

• Established: Organic revenue up 2.1%, with a resilient volume performance and modest revenue-per-case expansion
• Developing: Organic revenue increased by 4.6%, led by revenue-per-case expansion, with a small decline in volumes
• Emerging: Organic revenue up 20.3%, driven by revenue-per-case expansion, and with a good volume performance

Further investment in our unique 24/7 portfolio and bespoke capabilities

• Activated Coke & Meals campaigns across our markets through the period, leveraging the biggest consumption occasion of Coca-Cola. As of early April, nearly all our markets have started activating the “Share a Coke” campaign, with ongoing activation through the summer
• Launched new innovations of Monster, continued to build stronger distribution of Monster Energy Green Zero Sugar and introduced various local marketing activations
• Coffee volumes impacted by our joint strategic decision with Costa Coffee to refocus on the out-of-home channel, where we continue to see greater long-term potential
• Continue to support packaging circularity and Austria launched a Deposit Return Scheme in January

_{¹For details on Alternative Performance Measures (‘APMs’) refer to ‘Alternative Performance Measures’ and ‘Definitions and reconciliations of APMs’ sections.}