• Nine-month net sales down 2% to EUR4.92bn (US$5.35bn)
  • Volumes in the nine months to end of September rise 4% to 1.58m cases
  • Q3 net sales slip 3% to EUR1.77bn
  • Volumes up 5% to 577.1m cases
Coca-Cola HBCs share price slipped today

Coca-Cola HBC's share price slipped today

Coca-Cola HBC has posted a nine-month sales drop as its emerging markets declined, despite volumes increases.

Net sales in the nine months to the end of September were down 2% to EUR4.92bn (US$5.35bn) as volumes edged up by 4% overall. The company's developing and established markets divisions both posted sales increases, but an 8% sales fall in emerging markets, caused by foreign exchange headwinds, dragged down overall performance.  

Dimitris Lois, CEO of Coca-Cola HBC, said: “Our commercial initiatives and a hot summer in parts of Europe contributed to a strong volume performance in the quarter, with growth in all segments and increased momentum in the business. As the year has progressed we have been encouraged by gradually improving market conditions in our European countries, where economic activity has been depressed for many years. We have also benefited from buoyant trading in many of our emerging markets.”

As of 15:15 GMT, Coca-Cola HBC's share price was down 2.6%.

To read the company's full results, click here.