The year 2007 saw two major milestones in our development: we achieved sales volume of two billion unit cases and EBITDA of €1 billion. We posted a net profit of €472 million, an increase of 24% over the prior year.

These are outstanding results, especially in such a young company. In our seven years of operation, Coca-Cola Hellenic has built broad geographic coverage and a diverse product portfolio. As we continue to implement our 'Excellence Across the Board' strategy, we are developing superior endoutlet execution as well as strict financial discipline.

Similarly, our Social Responsibility strategy is yielding strong results. Early on, we saw an opportunity to generate value, as well as a responsibility to demonstrate leadership. We responded quickly to shifting consumer demands and have built a strong portfolio of waters, juices and innovative wellness beverages. These now represent 37% of our portfolio, compared to 10% in 2001.

Similarly, we are making strong progress in addressing our key environmental challenges: energy and climate change, water stewardship, packaging and waste. Since 2002, we have improved the energy and water efficiencies of our plants by 28% and 19%, respectively, and increased plant recycling by 32%. These achievements have resulted in significant environmental benefits and cost savings.

Yet we are far from complacent. In 2007, we signed contracts to build 15 highly efficient combined heat and power units in bottling plants across 12 countries. We believe this to be the largest energysaving initiative in our industry to date; it is expected to deliver a 20% reduction in carbon dioxide emissions from production across the whole company, as well as significant cost savings.

We also voluntarily extended our use of enhanced nutritional labelling across all EU countries and we were leaders in the launch of the first industryowned PET-to-PET recycling plant in Europe.

We also took our commitments to a new and international level, signing the UN Global Compact Caring for Climate statement and the CEO Water Mandate as well as being one of the first companies to sign the Bali Communiqué on climate change. In 2007, we were named a 'Notable Reporter' for our sustainability reporting by the Global Compact.

Closer to home, I am proud of the way in which Coca-Cola Hellenic operations and employees supported our communities in Greece following the catastrophic forest fires of 2007. In addition to financial support, we immediately mobilised employees and trucks, delivering 400,000 litres of drinking water to residents and relief agencies and providing almost four million litres of bulk water to help extinguish the fires. It may no longer make the headlines, but life has not returned to normal - and for as long as we can help in rehabilitation efforts, we will. Similar actions also took place in Romania during the flooding and subsequent drought that occurred there in June.

I express my sincere appreciation to Doros Constantinou, his management team and staff for their contribution to these relief efforts. I commend them on our outstanding business results and I thank you, our shareowners, business partners, customers and consumers, for your continued support.