Coca-Cola HBC's quarterly sales driven by emerging markets growth | Progresiv
Soft drink bottler Coca Cola HBC AG has reported a 4.4% rise in first-quarter net sales revenue, driven by strong demand in emerging markets - its largest segment. 
The company, which sells Coca-Cola drinks in 28 countries mostly in Europe, said net sales revenue rose to 1.41 billion euros in the quarter, from 1.35 billion euros a year earlier.
Its emerging markets segment saw net sales revenue rising 6.4% to 612.9 million euros, boosted by growth in Nigeria and ongoing expansion in Russia, Romania and Ukraine.
Volumes in Nigeria expanded by mid-single digits with stable volumes in sparkling drinks and strong volume growth in still drinks, including water and juices.
"We have started the year well, delivering solid growth in revenues despite the impact of this year's late Easter," Coca Cola HBC Chief Executive Zoran Bogdanovic said.
Cola HBC had warned earlier this year that an expected economic slowdown in several of its markets is likely to crimp consumer spending in its "established" and "developing" markets segments, which together comprised 48% of its volumes last year. (www.esmmagazine.com)
