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Current Site: Group Website

  • Phone: +414 483 59 111
  • Email: [email protected]
  • Address: Coca-Cola HBC AG Turmstrasse 26 Zug 6300 Switzerland Zug 6300 Switzerland
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  • Phone: +374 105 41 028
  • Email: [email protected]
  • Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia
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  • Phone: +431 610 60 0
  • Email: [email protected]
  • Address: Coca-Cola HBC Austria, Clemens-Holzmeister-Straße 6, Vienna, 1100, Austria
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  • Phone: +375 172 10 0210
  • Address: Coca-Cola Beverages Belorussiya FE, Kolyadichi, Minsk District, 223010, Belarus
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  • Phone: +387 332 84 100
  • Email: [email protected]
  • Address: Coca-Cola HBC B-H Sarajevo, Mostarsko raskrsce bb, Hadzici, 71240, Bosnia-Herzegovina
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  • Phone: +359 2 92 14 600
  • Address: Coca-Cola HBC Bulgaria, Coca-Cola Business Center, 8 Racho Petkov Kazandzhiyata Str., Sofia, 1766, Bulgaria
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  • Phone: +385 124 80 222
  • Email: [email protected]
  • Address: Coca-Cola HBC Croatia, Milana Sachsa 1, Zagreb, 1000, Croatia
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  • Phone: +357 228 85 000
  • Email: [email protected]
  • Address: Coca-Cola HBC Cyprus, 66 Kyriacos Matsis Ave., Nicosia, 2409 Engomi, Cyprus
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  • Phone: +420 283 01 5111
  • Email: [email protected]
  • Address: Coca-Cola HBC Czech Republic, Ceskobrodska 132 9, Praha, 198 21, Czech Republic
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  • Phone: +0224047111
  • Email: [email protected]
  • Address: 6th District, industrial zone, Nasr city, Cairo, Egypt
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  • Phone: +372 650 31 00
  • Address: Coca-Cola HBC Estonia, A.H. Tammsaare tee 92, Tallinn 13423, Estonia
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  • Phone: +302 106 38 1700
  • Email: [email protected]
  • Address: Coca-Cola HBC Greece, 60 Kifissias ave, Athens, 151 25 Maroussi, Greece
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  • Phone: +36 24 500 500
  • Address: Coca-Cola HBC Hungary, Nemedi ut 104, Dunaharaszti, H-2330, Hungary
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  • Phone: +353 188 07 100
  • Email: [email protected]
  • Address: Coca-Cola HBC Ireland, Huntstown Business Park, Cappagh Road, Ballycoolin, Dublin 11, Ireland
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  • Phone: +390 227 07 71
  • Email: [email protected]
  • Address: Coca-Cola HBC Italia, Piazza Indro Montanelli, 30, Sesto San Giovanni Milano, 20099, Italy
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  • Phone: +383 38 540 690
  • Address: Km 5 ,rr. Prishtine- Shkup, Prishtine, 10000, Kosovo
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  • Phone: +371 671 09 999
  • Email: [email protected]
  • Address: Coca-Cola HBC Latvia, Ulbrokas str. 40, Riga, 1021 Latvia
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  • Phone: +370 5219 9104
  • Address: Coca-Cola HBC Lithuania, Spaudos str. 6-1, Vilnius, LT- 05132, Lithuania
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  • Phone: +234 127 06 670
  • Email: [email protected]
  • Address: Nigerian Bottling Company, Leventis Building, 3rd floor, Iddo House, Iddo PO Box 159, Lagos Nigeria
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  • Phone: +389 226 11 314
  • Email: [email protected]
  • Address: Pivara Skopje, Str. 808, No. 12, Skopje, 1000, Republic of North Macedonia
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  • Phone: +482 251 95 100 / 101
  • Email: [email protected]
  • Address: Coca Cola HBC Poland, ul. Żwirki i Wigury 16, Warsaw 02-092, Poland
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  • Phone: +402 120 21 400
  • Email: [email protected]
  • Address: Coca-Cola HBC Romania, Global City Business Park, Building 2, 10, Bucuresti Nord Str., Voluntari, Ilfov, 077190 Romania
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  • Phone: +8 800 700-77-77
  • Email: [email protected]
  • Address: Coca-Cola HBC Eurasia, Novoorlovskaya str. 7, Moscow, 119 633
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  • Phone: +381 11 30 73 100
  • Email: [email protected]
  • Address: Coca-Cola HBC Serbia, 14-16, Batajnicki Drum str., Zemun, 11080, Serbia
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  • Phone: +386 158 90 400
  • Email: [email protected]
  • Address: Coca-Cola HBC Slovenia, Motnica 9, Trzin, 1236, Slovenia
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  • Phone: +41 (0) 44 835 91 11
  • Email: [email protected]
  • Address: Coca-Cola HBC Switzerland, Thurgauerstrasse 134, 8152 Opfikon, Switzerland
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  • Phone: +380 444 90 0707
  • Email: [email protected]
  • Address: Coca-Cola Beverages Ukraine, 51st km of St. Petersburg, Highway Velyka Dymerka, Kyiv, 07 400, Ukraine
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Market sites

Site Selector

Current Site: Group Website

  • Phone: +414 483 59 111
  • Email: [email protected]
  • Address: Coca-Cola HBC AG Turmstrasse 26 Zug 6300 Switzerland Zug 6300 Switzerland
View Site

  • Phone: +374 105 41 028
  • Email: [email protected]
  • Address: Coca-Cola HBC Armenia, Tbilisyan Highway Lane, 8/3 Building Yerevan, 0052, Armenia
View Site

  • Phone: +431 610 60 0
  • Email: [email protected]
  • Address: Coca-Cola HBC Austria, Clemens-Holzmeister-Straße 6, Vienna, 1100, Austria
View Site

  • Phone: +375 172 10 0210
  • Address: Coca-Cola Beverages Belorussiya FE, Kolyadichi, Minsk District, 223010, Belarus
View Site

  • Phone: +387 332 84 100
  • Email: [email protected]
  • Address: Coca-Cola HBC B-H Sarajevo, Mostarsko raskrsce bb, Hadzici, 71240, Bosnia-Herzegovina
View Site

  • Phone: +359 2 92 14 600
  • Address: Coca-Cola HBC Bulgaria, Coca-Cola Business Center, 8 Racho Petkov Kazandzhiyata Str., Sofia, 1766, Bulgaria
View Site

  • Phone: +385 124 80 222
  • Email: [email protected]
  • Address: Coca-Cola HBC Croatia, Milana Sachsa 1, Zagreb, 1000, Croatia
View Site

  • Phone: +357 228 85 000
  • Email: [email protected]
  • Address: Coca-Cola HBC Cyprus, 66 Kyriacos Matsis Ave., Nicosia, 2409 Engomi, Cyprus
View Site

  • Phone: +420 283 01 5111
  • Email: [email protected]
  • Address: Coca-Cola HBC Czech Republic, Ceskobrodska 132 9, Praha, 198 21, Czech Republic
View Site

  • Phone: +0224047111
  • Email: [email protected]
  • Address: 6th District, industrial zone, Nasr city, Cairo, Egypt
View Site

  • Phone: +372 650 31 00
  • Address: Coca-Cola HBC Estonia, A.H. Tammsaare tee 92, Tallinn 13423, Estonia
View Site

  • Phone: +302 106 38 1700
  • Email: [email protected]
  • Address: Coca-Cola HBC Greece, 60 Kifissias ave, Athens, 151 25 Maroussi, Greece
View Site

  • Phone: +36 24 500 500
  • Address: Coca-Cola HBC Hungary, Nemedi ut 104, Dunaharaszti, H-2330, Hungary
View Site

  • Phone: +353 188 07 100
  • Email: [email protected]
  • Address: Coca-Cola HBC Ireland, Huntstown Business Park, Cappagh Road, Ballycoolin, Dublin 11, Ireland
View Site

  • Phone: +390 227 07 71
  • Email: [email protected]
  • Address: Coca-Cola HBC Italia, Piazza Indro Montanelli, 30, Sesto San Giovanni Milano, 20099, Italy
View Site

  • Phone: +383 38 540 690
  • Address: Km 5 ,rr. Prishtine- Shkup, Prishtine, 10000, Kosovo
View Site

  • Phone: +371 671 09 999
  • Email: [email protected]
  • Address: Coca-Cola HBC Latvia, Ulbrokas str. 40, Riga, 1021 Latvia
View Site

  • Phone: +370 5219 9104
  • Address: Coca-Cola HBC Lithuania, Spaudos str. 6-1, Vilnius, LT- 05132, Lithuania
View Site

  • Phone: +234 127 06 670
  • Email: [email protected]
  • Address: Nigerian Bottling Company, Leventis Building, 3rd floor, Iddo House, Iddo PO Box 159, Lagos Nigeria
View Site

  • Phone: +389 226 11 314
  • Email: [email protected]
  • Address: Pivara Skopje, Str. 808, No. 12, Skopje, 1000, Republic of North Macedonia
View Site

  • Phone: +482 251 95 100 / 101
  • Email: [email protected]
  • Address: Coca Cola HBC Poland, ul. Żwirki i Wigury 16, Warsaw 02-092, Poland
View Site

  • Phone: +402 120 21 400
  • Email: [email protected]
  • Address: Coca-Cola HBC Romania, Global City Business Park, Building 2, 10, Bucuresti Nord Str., Voluntari, Ilfov, 077190 Romania
View Site

  • Phone: +8 800 700-77-77
  • Email: [email protected]
  • Address: Coca-Cola HBC Eurasia, Novoorlovskaya str. 7, Moscow, 119 633
View Site

  • Phone: +381 11 30 73 100
  • Email: [email protected]
  • Address: Coca-Cola HBC Serbia, 14-16, Batajnicki Drum str., Zemun, 11080, Serbia
View Site

  • Phone: +386 158 90 400
  • Email: [email protected]
  • Address: Coca-Cola HBC Slovenia, Motnica 9, Trzin, 1236, Slovenia
View Site

  • Phone: +41 (0) 44 835 91 11
  • Email: [email protected]
  • Address: Coca-Cola HBC Switzerland, Thurgauerstrasse 134, 8152 Opfikon, Switzerland
View Site

  • Phone: +380 444 90 0707
  • Email: [email protected]
  • Address: Coca-Cola Beverages Ukraine, 51st km of St. Petersburg, Highway Velyka Dymerka, Kyiv, 07 400, Ukraine
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2022 Half Year Results

Strong volumes, revenue, EBIT; investing in growth

Coca-Cola HBC AG, a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, reports its financial results for the six months ended 1 July 2022.

Half-year highlights

  • Execution of our strategy drove continued strong organic growth1, well balanced between volume and price/mix
    • Organic revenue +19.4%. Reported revenues +29.6%
    • Excluding Russia and Ukraine organic revenue +25.2%, with volume +12.1%
    • Organic revenue per case of 14.0% benefited from pricing and targeted actions to improve mix, further supported by out-of-home channel recovery
    • Broad based volume momentum continues outside of Russia and Ukraine, with growth led by strategic priorities
    • Integration of Egypt progressing well; 7 pp addition to reported revenue growth
    • Further value and volume share gains in NARTD and Sparkling
  • Organic EBIT up 23.0%, with margins up 30bps on an organic basis to 11%, benefiting from pricing, mix and cost discipline
    • Quality of revenue growth driving underlying profit expansion
    • Opex as a percent of revenue improved, driven by operating leverage and cost savings
    • Marketing expenses excluding Russia and Ukraine increased by 9%
  • Continued investment behind strategic priorities to drive profitable growth
    • Consistent investment behind adult sparkling proposition driving continued strong performance, with volumes +18.7% excluding Russia and Ukraine
    • Acquisition of craft adult sparkling business, Three Cents, expected to complete in Q3, strengthens premium brand offering
    • Coffee volumes +56% with accelerating contribution from out-of-home
    • Rapid digitisation of the enterprise - our proprietary B2B, Customer Portal now has more than 200,000 customers
    • Deployment of our key revenue growth and route to market capabilities in Egypt 
  • Improved cash generation and continued strong balance sheet
    • Comparable EPS +33.9%; free cash flow increased by €55.4 million to €332.9 million
    • Strong balance sheet and liquidity remains after paying the €0.71 dividend in August

Segment highlights

Established and Developing show strong momentum, Emerging impacted by declines in Russia 

  • Established: Organic revenue increased by 19.1% with well-balanced volume and
    revenue-per-case expansion. Organic EBIT expanded 26.5% with margins up 60bps
  • Developing: Organic revenue up 33.6%, led by strong share gains. Organic EBIT up 63.8% with margins up 120bps
  • Emerging: Organic revenue up 14.2% driven by momentum in markets excluding Russia and Ukraine. Organic EBIT up 15.5% with organic margins up 20bps
quotecc_hbc_ar17_zoran_bogdanovic_19625_final-002

“We delivered strong performance in the first half as we continued to execute our growth strategy with focus and discipline, including making progress on our sustainability commitments. I would like to thank our people for their outstanding contribution every day. I am also particularly grateful for our strong partnership and collaboration with customers and suppliers during these volatile times.

The quality of our 24/7 brand portfolio, revenue growth management capabilities and execution excellence allowed us to take full advantage of post-pandemic recovery across our markets and to continue to gain significant share. I am pleased we achieved strong organic growth, balanced between volume and revenue per case. Pricing, mix and cost efficiencies helped to mitigate input cost increases, underpinning successful conversion of revenue growth into profits and cashflow.

Consistent investment in high-potential opportunities, prioritised capabilities and capacity over years is delivering growth today. And we stay the course, with targeted investments for growth.

We have high confidence that our close customer partnerships, strong portfolio and the capabilities of our people will allow us to continue to create value even as we face a period of macro-economic and geo-political uncertainty. We are reinstating guidance for 2022 and expect to generate comparable EBIT in the range of €740-820 million.“

Zoran Bogdanovic CEO, Coca‑Cola HBC

 

 

Half-Year

 % Change Report % Change Organic1
 

2022

2021

 

  

Volume (m unit cases)

1,330.2

1,126.7

18.1%

 4.7%
Net sales revenue (€ m) 4,209.9

3,247.9

 29.6% 19.4%

Net sales revenue per unit case (€)

3.16

2.88

9.8%

 14.0%

Operating profit (EBIT)2 (€ m)

275.7

350.1

-21.3%

  
Comparable EBIT1 (€ m) 462.5 350.3 32.0% 23.0%
EBIT margin (%)
 6.5 10.8 -420bps  
Comparable EBIT margin1 (%) 11.0 10.8 20bps 30bps
Net profit3 (€ m) 152.9 233.1 -34.4%  
Comparable net profit1,3 (€ m) 316.9 235.6 34.5%  
Basic earnings per share (EPS) (€) 0.418 0.639 -34.6%  
Comparable EPS1 (€) 0.865 0.646 33.9%  
Free cash flow1 (€ m) 332.9 277.5 20.0%  

 

 

1For details on APMs refer to ‘Alternative Performance Measures’ and ‘Definitions and reconciliations of APMs’ sections.

2 Refer to the condensed consolidated interim income statement.

3Net Profit and comparable net profit refer to net profit and comparable net profit respectively after tax attributable to owners of the parent.