Cola Hellenic Announces Results for the Year Ended 31 December 2012 PR Newswire ATHENS, Greece, February 14, 2013 ATHENS, Greece, February 14, 2013 /PRNewswire/ -- FOURTH QUARTER AND FULL YEAR HIGHLIGHTS Q4 2012 Q4 2011 before before Q4 Q4 % adjustments adjustments % 2012 2011 Change Change Volume (m unit cases) 477 466 2% 476 465 2% Net Sales Revenue 1,605 1,524 5% 1,610 1,529 5% Comparable Cost of Goods Sold 1,050 979 7% 1,054 982 7% Comparable EBIT 56 72 -22% 53 73 -27% Comparable Net Profit 22 29 -22% 22 29 -23% Comparable EPS (EUR) 0.06 0.08 -25% 0.06 0.08 -25% Full Year 2012 Full Year Full before 2011 before Full Year Year % adjustments adjustments % 2012 2011 Change Change Volume (m unit cases) 2,085 2,087 - 2,081 2,083 - Net Sales Revenue 7,045 6,824 3% 7,078 6,854 3% Comparable Cost of Goods Sold 4,518 4,253 6% 4,527 4,257 6% Comparable EBIT 453 523 -13% 465 541 -14% Comparable Net Profit 285 326 -12% 287 330 -13% Comparable EPS (EUR) 0.78 0.90 -13% 0.79 0.91 -13% Note : All units in €m except per share data and volume data & volume. Numbers before adjustments are excluding the impact of the early adopted accounting standards as detailed in page 14 and in note 1 of the condensed consolidated financial statements. FourthQuarter2012 - Volume:Volumegrewby2%inthefourthquarterof2012.An8%volumeincreaseinemergingmarketsanda1% volumeincreaseindevelopingmarketswerepartlyoffsetbya5%volumedeclineinestablishedmarkets. - Sales:Netsalesrevenuegrewby5%registeringthesixthconsecutive quarterwhererevenuegrowthexceededvolumegrowth. - Comparableoperatingprofit(EBIT):AcombinationofhigherinputcostsandoperatingexpensesresultedinaEUR16millionyearonyeardecrease incomparableoperatingprofit. FullYear2012 - Volume:Volumewasflatin2012. Emergingmarketsposteda4%volume increasethatwasoffsetbya2%volume declineindevelopingmarketsanda5% volumedeclineinestablishedmarkets. - Sales:Netsalesrevenuegrewby3%, withcurrencyneutralnetsalesrevenue percasegrowing2.2%excludingthe impactofBelarus. - Comparableoperatingprofit(EBIT): Ourrevenuegrowthinitiativesmorethan offsettotalinputcostincreasesin absoluteterms,butwerenotsufficient topreventgrossmargindecline.In addition,unfavourableforeigncurrency fluctuationsandhigheroperating expensesresultedina13%declinein comparableoperatingprofit. +Full Year 2012 market shares: We continued to win in the marketplace. We gained or maintained volume share in sparkling beverages in 21 out of 28 markets and value share in the overall non-alcoholic ready to drink beverages category in 23 out of 28 of our markets. +Full Year 2012 free cash flow: Working capital improved by €84 million year-on-year and we generated free cash flow of €341 million. Dimitris Lois, Chief Executive Officer of Coca-Cola Hellenic, commented: "Our strategy enabled us to grow currency neutral net sales revenue by 2% for the full year. The volume and revenue growth we generated in the third quarter continued in the fourth quarter, with revenue growing faster than volume for the sixth consecutive quarter. In 2012, we maintained our volume overall, despite the very challenging trading conditions in most of our markets throughout the year. In 2012, we were able to strengthen our business further, by expanding our volume and value share in the majority of our markets, while growing Trademark Coca-Cola products by 2%. We anticipate that in 2013, disposable income will remain under pressure, resulting from continued austerity measures and high unemployment, particularly in our established markets. We will remain focused on delivering on our strategic priorities: further strengthening our leadership position in the marketplace, driving revenue growth ahead of volume, executing our cost optimisation and process efficiency plans, and continuing to generate strong free cash flow. The voluntary share exchange offer by Coca-ColaHBCAG will facilitate the listing of the Group on the premium segment of the London Stock Exchange which forms part of our ongoing commitment to enhance shareholder value." SOURCE Coca-Cola Hellenic Bottling Co SA Contact: Panagiotis Vergis, email@example.com, Tel: +30-210-618-3124
Cola Hellenic Announces Results for the Year Ended 31 December 2012
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