COCA-COLA HELLENIC BOTTLING COMPANY S.A.
CCHBC Announces Results for the nine months ended 28 September 2007 (IFRS)
Business momentum continues - guidance upgrade
HIGHLIGHTS FOR THE NINE MONTHS
Volume of 1,554 million unit cases, 14% above 2006, Strong operating profit (EBIT) momentum to euros 616 million, 20% above prior year, on a comparable basis, Net profit of euros 435 million, 18% above prior year, on a comparable basis, EPS of euros 1.80, 18% above prior year, on a comparable basis.
THIRD QUARTER HIGHLIGHTS
Volume of 584 million unit cases, 12% above 2006, Solid improvement in operating profit (EBIT) to euros 285 million, 21% above prior year, on a comparable basis, Net profit of euros 213 million, 22% above prior year, on a comparable basis, EPS of euros 0.88, 21% above prior year, on a comparable basis.
Note: Comparable financial indicators (previously referred to as ''underlying'') exclude in 2006 the recognition of pre-acquisition tax losses, significant restructuring costs and non-recurring items.
Doros Constantinou, Managing Director of Coca-Cola Hellenic, commented: ''Our performance in the third quarter has built on the strong momentum achieved at the half year with the continued successful execution of our strategy across our geographies and product categories. We delivered another quarter of robust volume growth, together with strong operating margin expansion and as a result we are upgrading our guidance on our full year financial targets.
We are in the process of completing our business planning cycle and believe that our in-country strategic initiatives, coupled with the positive momentum we are witnessing across our territories, will support Coca-Cola Hellenic's vision of being the undisputed leader in every market in which we compete.''
Coca-Cola Hellenic Bottling Company S.A. (''Coca-Cola Hellenic'' or the ''Company'' or the ''Group'') is one of the world's largest bottlers of products of The Coca-Cola Company (''TCCC'') and has operations in 28 countries serving a population of over 540 million people. Coca-Cola Hellenic shares are listed on the Athens Exchange (ATHEX:EEEK), with secondary listings on the London (LSE:CCB) and Australian (ASX:CHB) Stock Exchanges. Coca-Cola Hellenic's American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE:CCH).
Financial information in this announcement is presented on the basis of International Financial Reporting Standards (''IFRS''). Coca-Cola Hellenic also prepares financial information under accounting principles generally accepted in the United States (''US GAAP''), which are available on our website: www.coca-colahbc.com.
Conference Call
Coca-Cola Hellenic will host a conference call with financial analysts to discuss the third quarter of 2007 financial results on 13 November 2007 at 4:00 pm, Athens time (2:00 pm, London time 9:00 am, New York time). Interested parties can access the live, audio webcast of the call through Coca-Cola Hellenic''s website (www.coca-colahbc.com).
HIGHLIGHTS FOR THE NINE MONTHS
Volume of 1,554 million unit cases, 14% above 2006, Strong operating profit (EBIT) momentum to euros 616 million, 20% above prior year, on a comparable basis, Net profit of euros 435 million, 18% above prior year, on a comparable basis, EPS of euros 1.80, 18% above prior year, on a comparable basis.
THIRD QUARTER HIGHLIGHTS
Volume of 584 million unit cases, 12% above 2006, Solid improvement in operating profit (EBIT) to euros 285 million, 21% above prior year, on a comparable basis, Net profit of euros 213 million, 22% above prior year, on a comparable basis, EPS of euros 0.88, 21% above prior year, on a comparable basis.
Note: Comparable financial indicators (previously referred to as ''underlying'') exclude in 2006 the recognition of pre-acquisition tax losses, significant restructuring costs and non-recurring items.
Doros Constantinou, Managing Director of Coca-Cola Hellenic, commented: ''Our performance in the third quarter has built on the strong momentum achieved at the half year with the continued successful execution of our strategy across our geographies and product categories. We delivered another quarter of robust volume growth, together with strong operating margin expansion and as a result we are upgrading our guidance on our full year financial targets.
We are in the process of completing our business planning cycle and believe that our in-country strategic initiatives, coupled with the positive momentum we are witnessing across our territories, will support Coca-Cola Hellenic's vision of being the undisputed leader in every market in which we compete.''
Coca-Cola Hellenic Bottling Company S.A. (''Coca-Cola Hellenic'' or the ''Company'' or the ''Group'') is one of the world's largest bottlers of products of The Coca-Cola Company (''TCCC'') and has operations in 28 countries serving a population of over 540 million people. Coca-Cola Hellenic shares are listed on the Athens Exchange (ATHEX:EEEK), with secondary listings on the London (LSE:CCB) and Australian (ASX:CHB) Stock Exchanges. Coca-Cola Hellenic's American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE:CCH).
Financial information in this announcement is presented on the basis of International Financial Reporting Standards (''IFRS''). Coca-Cola Hellenic also prepares financial information under accounting principles generally accepted in the United States (''US GAAP''), which are available on our website: www.coca-colahbc.com.
Conference Call
Coca-Cola Hellenic will host a conference call with financial analysts to discuss the third quarter of 2007 financial results on 13 November 2007 at 4:00 pm, Athens time (2:00 pm, London time 9:00 am, New York time). Interested parties can access the live, audio webcast of the call through Coca-Cola Hellenic''s website (www.coca-colahbc.com).