Coca-Cola HBC presented at the Consumer Analyst Group Europe conference this week

Coca-Cola HBC presented at the Consumer Analyst Group Europe conference this week

Coca-Cola HBC has said that it is considering acquisition opportunities as it looks to drive growth in the years ahead.

The company, which posted a solid set of full-year results for 2013 last month, is keen to make buys in the juice and water segments. CCHBC has seen its overall volumes stagnate in recent years, dipping from 2.07m unit cases in 2009 to 2.06m cases last year.

Speaking at the Consumer Analyst Group Europe conference in London yesterday (17 March), chief executive Dimitris Lois said: “We do have an eye for acquisitions. We are particularly interested in brands that have generated a strong regional equity within the markets that we currently operate in.”

The company, which moved its primary listing from the stock exchange in Athens to London in 2012, currently has a net debt to EBITDA ratio of 1.9x, within its target 1.5x to 2.0x.

Lois also described 2013 as “the year of EBIT margin inflection”, with 2014 being targeted to deliver further improvements.