In August, Coca-Cola HBC announced its results for the first half of 2017. Sales in the period rose by 5.6% on the same period a year earlier, with volumes up by almost 1.5%. Here, just-drinks breaks down Coca-Cola HBC's figures for the period by region.

Coca-Cola HBC Half-Year 2017 - Net Sales by Region

Source: Company results

  • Established Markets - Sales +0.8%, volumes +0.8%

Austria, Cyprus, Greece, Italy, Northern Ireland, Ireland, Switzerland

Italy proved the only problem market in CCHBC's 'established' reporting region. The country's volumes dipped by low single-digits, with Coke Regular and Coke Light posting declines. The group's bottled water business is doing well in the country, however, thanks to the decision to delist several "low-value" brands. Elsewhere, Greece and Ireland brought in mid-single-digit volume lifts, while the region as a whole was helped by "favourable price and package mix" in the half-year.

  • Developing Markets - Sales +5.8%, volumes +0.8%

Croatia, Czech, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia

A slow start to the year in the 'developing markets' was boosted by a good second quarter. While Poland saw volumes dip by low single-digits - due to poor weather in Q2 - Hungary and Czech were both singled out for delivering healthy volumes lifts. Across the region, the sparkling, energy and juice portfolios grew, while bottled water was down.

A "bad debt provision" in Croatia affected the region's bottom line negatively in the period.

  • Emerging Markets - Sales +9.8%, volumes +1.9%

Armenia, Belarus, Bosnia & Herzegovina, Bulgaria, FYR Macedonia, Moldova, Montenegro, Nigeria, Romania, Russia, Serbia, Ukraine

The group enjoyed a bumper half-year in its 'emerging market', thanks mainly to the introduction of price increases. Ukraine, Romania and Serbia warranted special mention, with volumes in Ukraine jumping by the "low teens". Russia was the emerging bad apple, posting a slight dip in volumes thanks to the bottled water and RTD tea stables.

CCHBC warned that the macroeconomic conditions in Nigeria "remain volatile", noting that it is "continuously monitoring the situation". That said, the country still delivered volume growth, albeit in the low-single-digit range.