Coca-Cola bottlers announce growth in second-quarter results | Progresiv
Two of Coca-Cola biggest bottling companies have experienced growth in their second-quarter results. 
Coca-Cola HBC, a leading bottler of The Coca-Cola Company, saw its revenue grow by 5.7% to 3.21 billion euros in the first half of 2017.
The firm also saw its operating profits rise by 20.8% to 266.4 million euros.
Coca-Cola HBC chief executive officer Dimitris Lois said: “We are delighted to report an excellent set of results for the first half of the year, with volume and revenue per case growth in all three market segments. It is also very pleasing to see the revenue growth translating into significant margin expansion.
“This demonstrates that our strategy to exploit our lean asset base and improve profitability through operating leverage is powerful and delivers well. We are on track for broad-based revenue and margin growth for the full year with the organisation energised by the progress we are making towards our 2020 financial targets.”
It was also announced that Coca‑Cola Bottling Co. Consolidated saw its net sales increase 39.1% to 1.17 billion dollars in the second quarter of 2017, as compared to 840.4 million dollars in the same period last year. The increase in net sales has been driven by acquisitions made by the company.
Frank Harrison, chairman and chief executive officer of Coca‑Cola Bottling Co. Consolidated, said: “We maintained our momentum in the second quarter of 2017 as we continued the expansion of our distribution territory and manufacturing capacity while producing solid financial results.
“I continue to be impressed with the dedication and passion our teammates exhibit in extending our company’s influence and purpose into the communities, customers and consumers we serve every day.” (www.foodbev.com)
