Markets

We manage and report on our business by grouping our geographical markets into three segments: emerging, developing and established markets. These groupings are based on a wide range of criteria, including socio-economic similarities, GDP per capita, consumption of sparkling drinks per capita and the state of development of the local drinks market. 


Established Markets

+1.3%

Currency-neutral revenue growth 2019

10.2%

Comparable EBIT margin 2019

 

We operate in the following established markets: Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland.

These countries share a tradition of political and economic stability and similar economic features, not least, high levels of disposable income per capita. This prosperity and economic security supports the affordability of our products, notably our single-serve packages.

Established countries generally show high levels of consumer sophistication. There are signs of activities concentrating in the retail sector – a critical indication for future channel development. A shift in demand towards domestic consumption, reflecting a reduction in disposable income, further supports this trend. In this context, activation at final points of sale is a key focus for our marketing and sales efforts.

91m

population in our established markets

7

countries

28%

sales volume from our established markets in 2019

 

2019

2018

% change

Volume (million unit cases)

624.5

619.5

1.0

Net sales revenue (€ million)

2,517.6

2,470.1

1.9

Operating profit (EBIT) (€ million)

236

232.0

1.7

Comparable EBIT (€ million)

256.2

240.7

6.4

Total taxes1 (€ million)

N/A

123

N/A

Population (million)

91.3

91.2

0.1

GDP per capita (US$)

40,117

41,053

-2.3

Bottling plants (number)

N/A

13

N/A

Employees (number)

N/A

6,642

N/A

Water footprint (billion litres)

N/A

4.3

N/A

Carbon emissions (tonnes)

N/A

86,468

N/A

Safety rate (lost time accidents>1 day per 100 employees)

N/A

0.86

N/A

1 Total taxes include corporate income tax, withholding tax, deferred tax as well as social security costs and other taxes that are reflected as operating expenses; as per IFRS accounts
Source: The World Economic Outlook Database, International Monetary Fund, October 2019.
Northern Ireland data: NISRA (Northern Ireland Statistics and Research Agency), Northern Ireland Economic Outlook, 2019, Office for National Statistics, United Kingdom. 
Italian data: Sicilian population excluded based on data from ISTAT (Italian National Institute of Statistics). 
Percentage changes are calculated on precise numbers.


Developing Markets

+4.2%

Currency-neutral revenue growth 2019

 

10.8%

Comparable EBIT margin 2019

We operate in the following developing markets: Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia.

While developing markets have market-oriented economies, they generally have lower disposable income per capita than our established markets. In addition, these countries can be exposed to periods of economic volatility. Entry to the European Union has resulted in increased political stability, as countries increasingly conform to the EU’s principles, objectives and regulations.  

76m

population in our developing markets

 

9

countries

 

19%

sales volume from developing markets in 2019

 

2019

2018

% change

Volume (million unit cases)

431.1

429.0

0.5

Net sales revenue (€ million)

1,352.1

1,306.9

3.5

Operating profit (EBIT) (€ million)

139.0

130.7

6.4

Comparable EBIT (€ million)

146.4

137.0

6.9

Total taxes(€ million)

N/A

65

N/A

Population (million)

76

76.0

GDP per capita (US$)

17,430

17,529

-0.6

Bottling plants (number)

N/A

8

N/A

Employees (number)

N/A

4,721

N/A

Water footprint (billion litres)

N/A

3.1

N/A

Carbon emissions (tonnes)

N/A

82,470

N/A

Safety rate (lost time accidents>1 day per 100 employees)

N/A

0.38

N/A

1 Total taxes include corporate income tax, withholding tax, deferred tax as well as social security costs and other taxes that are reflected as operating expenses; as per IFRS accounts.
Source: The World Economic Outlook Database, International Monetary Fund, October 2019. 
Percentage changes are calculated on precise numbers.


Emerging Markets

+7.1%

(+5.6% excl. Bambi) Currency-neutral revenue growth 2019

11.3%

(11.0% excl. Bambi) Comparable EBIT margin 2019

We operate in the following emerging markets: Armenia, Belarus, Bosnia & Herzegovina, Bulgaria, Moldova, Montenegro, Nigeria, North Macedonia, Romania, Russia, Serbia and Ukraine.

These countries share relatively similar political and economic volatility, with lower per capita GDP than our developing or established segments. As a result, consumer demand is especially price sensitive, making the affordability of Coca‑Cola HBC’s products even more important.  

We deliver our products with a strategy of specialised revenue growth management, packaging and promotional programmes – these are the considerations at the core of our response to the nuances of local economic conditions.

447m

population in our emerging markets

12

countries

53%

sales volumes from emerging markets in 2019

 

2019

2018

% change

Volume (million unit cases)

1,208.9

1,143.8

5.7

Net sales revenue (€ million)

3,156.3

2,880.1

9.6

Operating profit (EBIT) (€ million)

340.3

276.7

23.0

Comparable EBIT (€ million)

356.1

303.0

17.5

Total taxes1 (€ million)

N/A

141

N/A

Population (million)

447

442

1.1

GDP per capita (US$)

6,108

6,040

1.1

Bottling plants (number)

N/A

31

N/A

Employees (number)

N/A

17,521

N/A

Water footprint (billion litres)

N/A

9.3

N/A

Carbon emissions (tonnes)

N/A

369,267

N/A

Safety rate (lost time accidents>1 day per 100 employees)

N/A

0.24

N/A

1 Total taxes include corporate income tax, withholding tax, deferred tax as well as social security costs and other taxes that are reflected as operating expenses; as per IFRS accounts.
Source: The World Economic Outlook Database, International Monetary Fund, October 2019.
Kosovo: World Bank – Data from database: World Development Indicators. 
Percentage changes are calculated on precise numbers.