COCA COLA HBC: Αποτελέσματα α΄ τριμήνου 2016

First quarter highlights

Reported volumes were stable in the quarter1 with an improving underlying trend in Established and Emerging market segments
- Good growth in Nigeria, Romania and Poland, offset weak performance in Russia

- Premium sparkling brands, water and energy drinks performed well

FX-neutral net sales revenue per unit case improved substantially, up 2%. Net sales revenue was adversely impacted by weak emerging market currencies and the strong Euro.

Established markets volumes declined by 2.7% while Italy maintained positive momentum. On a FX-neutral basis, pricing was up marginally in the segment compared to the prior-year quarter despite the continuing deflationary environment in certain countries.

Developing markets volumes grew in nearly all categories and countries resulting in overall volume growth of 1.9% despite tough comparatives. Pricing remains weak, particularly in the Czech Republic and Poland.

Emerging markets volumes were robust; Nigeria was the key driver with low-teens percentage volume growth in a seasonally important quarter; in Russia, we outperformed in a declining market with our volumes continuing to decline across the categories with the exception of Coke Zero and energy drinks.

[1] 1.4% adverse impact on reported volumes from one less selling day compared to the prior-year quarter; please also see Trading on page 2

Dimitris Lois, Chief Executive Officer of Coca-Cola HBC AG, commented:

"We had a good start to the year with Q1 trading in line with our plans. Our commercial initiatives delivered beneficial results, improving currency-neutral revenue per case by 2%.

"We are encouraged by the ongoing volume growth in Emerging and Developing markets and the improving underlying trend in Established markets. While soft in the quarter, pricing trends in Developing markets are improving. We are confident we have the right initiatives in place to continue our progress in the remainder of the year."