TURKEY: Coca-Cola Icecek posts H1 volume increase
Coca-Cola Icecek, the Turkey-based soft drinks bottler, has reported a near 14% increase in first-half sales volumes.
Sales by volume for the first six months of 2009 rose 13.8% to 275.6m unit cases, compared to 242.2m in the first half of 2008.
The group's international division accounted for 25.9% of volumes, compared to 20% last year. Volumes for the division rose by 48.8% to reach 71.3m cases.
Volume sales in Turkey increased by 5% to reach 204.3m unit cases, due to sustained growth in still beverages and non-ready to drink tea sales, Coca-Cola Icecek said.
Lower consumer spending and high base effect had a negative impact on the sparkling drinks category during the first four months of 2009, it said. But, water, iced tea, juice and tea sales more than offset the contraction in sparkling beverages, it added.
Since May, the company said that sparkling drinks have returned to growth, in line with the relative recovery in consumer spending and on the back of promotions during the second quarter.
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