Changes for page Coca-Cola HBC

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  = Summary =
--* Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of the Coca-Cola company.
--* The Coca-Cola Company owns, develops and markets its brands with the end consumer. Coca-Cola HBC is responsible for producing, distributing, and selling these beverages.
++* Coca-Cola HBC is a consumer packaged goods business and strategic bottling partner of the Coca-Cola company.
++* The Coca-Cola Company owns, develops and markets its brands with the end consumer.
  * The company bottle and sell the beverages of The Coca-Cola Company exclusively in its 29 markets.
  * The company serve more than 715 million consumers across a broad geographic footprint of 29 countries on 3 continents.
  [[image:CCH0.png]]
++(% id="cke_bm_266S" style="display:none" %) (%%)Coca-Cola HBC (LSE:CCH) is a growth-focused consumer packaged goods business and strategic bottling partner of the Coca-Cola company {{footnote}}https://www.coca-colahellenic.com/en/about-us/at-a-glance{{/footnote}}
--= Company Overview =
--Coca-Cola HBC (LSE:CCH) is a growth-focused consumer packaged goods business and strategic bottling partner of the Coca-Cola company {{footnote}}https://www.coca-colahellenic.com/en/about-us/at-a-glance{{/footnote}}
++= (% id="cke_bm_229S" style="display:none" %) (%%)Financial Highlights =
++**Zoran Bogdanovic, Chief Executive Officer of Coca-Cola HBC AG, commented:**{{footnote}}https://www.coca-colahellenic.com/en/media/news/financial_news/2022/2021-full-year-results{{/footnote}}
--The company bottle and sell the beverages of The Coca-Cola Company exclusively in its 29 markets. The company also partner with other beverage businesses such as Monster Energy, Edrington, Brown-Forman and Campari to sell their products. The company create value for all its stakeholders by supporting the socio-economic development of the societies in which the company operate and believe building a more positive environmental impact is integral to its future growth.
++“The business has delivered a very strong recovery in 2021, with all key metrics above pre-pandemic levels, the result of consistent and disciplined focus on its strategic priorities over the last few years. The company finished the year with strong revenue growth, its highest ever EBIT margin and free cash flow while continuing to gain share. This performance demonstrates the strength of its 24/7 brand portfolio, revenue growth management capabilities and execution excellence in its markets. It is driven by the strong drive and passion of its people, who continue to show great creativity and adaptability in navigating the volatile operating environment while nurturing its culture which embraces change, challenge and care. The company's results and strong future plans are also a reflection of its stronger than ever partnership with The Coca-Cola Company.
--The company's portfolio is one of the strongest, broadest and most flexible in the beverage industry, offering consumer-leading brands in the sparkling, juice, water, sport, energy, plant-based, ready-to-drink tea, coffee, adult sparkling, snacks and premium spirits categories. The company's products cater to a growing range of tastes with a wider choice of healthier options, premium products and increasingly sustainable packaging.
++2021 also marked 70 years since its early beginnings in Nigeria and I am more excited than ever by the growth potential of its business, further strengthened with the addition of Egypt to its country portfolio.
--Along with its customers, the company serve more than 715 million consumers across a broad geographic footprint of 29 countries on 3 continents. This spans from the West Coast of Ireland to the Pacific coast of Russia; from Northern Europe to its most southerly market, Nigeria.
++Revenue growth management actions focused behind both premium and affordable offers, as well as pricing and ongoing productivity improvements have enabled it to continue investing behind its strategic priorities, including in capabilities development, whilst achieving EBIT margin expansion.
--The company foster an open and inclusive work environment with its 36,000 employees. The company share a passion for serving its customers and communities and building a more positive environmental impact.
++Coca-Cola HBC is encouraged by the momentum the company see in the business. The company expect 2022 to be a year of strong sales supported by ongoing volume momentum, pricing actions and beneficial category mix. While mindful of inflationary headwinds and other risks, its track record and continuous focus on efficiencies give me confidence in delivering another year of EBIT growth. Given the positive long-term outlook for the business Coca-Cola HBC is increasing its targeted dividend pay-out range to 40-50%.”
--[[image:CCH1.jpg]]
++Effective execution in a volatile environment drove strong recovery
--== Partnership with the Coca-Cola Company ==
++* FX-neutral revenue growth +20.6% like-for-like1. Reported revenues +16.9%
++* Business gained momentum in Q4, with FX-neutral revenue closing 10% above 20192 levels for the year like-for-like
++* Value share gains continued to increase, +80bps in NARTD
++Volume growth of 14.0% like-for-like, or 13% on a reported basis, led by the Emerging and Established segments as well as the strategic priorities in its portfolio
--The Coca-Cola Company owns, develops and markets its brands with the end consumer. Coca-Cola HBC is responsible for producing, distributing, and selling these beverages. The company work together to ensure that Coca-Cola HBC has the right portfolio for its markets and to ensure excellent, efficient execution.{{footnote}}https://www.coca-colahellenic.com/en/about-us/who-we-are/relationship-with-tccc{{/footnote}}
++* Sparkling volume +13.8%, Low/no sugar +47.3%; Adult sparkling +31.8%
++* Energy volume + 45.3%, driven by the performance of Monster, Burn and Predator
++Strength of brand portfolio demonstrated as pricing and other revenue growth management actions drove FX-neutral revenue per case +5.8%, or +3.9% excluding Poland
--The company buy concentrate from The Coca-Cola Company under an incidence-based pricing model. The company also share marketing costs and responsibilities; The Coca-Cola Company undertakes marketing to consumers while the company take responsibility for trade marketing to its customers.
++Consistent investment behind strategic priorities building growth momentum
--[[image:CCH2.png]]
++* Costa Coffee now available in 17 markets; Caffè Vergnano launched in Q4, now live in 5 markets
++* Geographical expansion into Egypt adds exciting growth opportunity, integration on track
++* Net Zero commitment backed by €250 million investment by 2025
++Expanded EBIT margin while increasing marketing investment
--== Company History ==
++* Comparable EBIT grew by 23.6% with margins +60bps to 11.6%, including c. 30bps benefit from Cyprus property sale. Reported EBIT grew by 21.0%
++* Opex as a percent of revenue improved by 2.2pp, driven by operating leverage, cost savings higher than plan; 30 bps benefit from Cyprus property sale
++* Marketing expenditure +63%, full year spend almost back to pre-pandemic levels
--Coca-Cola HBC has a rich heritage and an exciting future – from the creation of coca cola in 1886 to being recognised as an industry leader by the DOW JONES sustainability indices today.{{footnote}}https://www.coca-colahellenic.com/en/about-us/who-we-are/history{{/footnote}}
++Strong earnings growth, record high free cash flow and increased dividend pay-out target range
--(% class="info" %)|**Year**|**Milestone**
--|1951|AG Leventis establishes the Nigerian Bottling Company in Lagos, Nigeria
--|(% rowspan="2" %)1953|Production starts in Ebute-Metta plant, Nigeria
--|Opening of Apapa plant in Nigeria
--|1961|Second NBC plant in Ibadan commissioned
--|1969|Hellenic Bottling Company established in Greece
--|1972|NBC listed on the Nigerian Stock Exchange
--|1977|Acquisition of Coca-Cola franchises in Ireland & Northern Ireland
--|1978|NBC’s Ikeja plant commissioned
--|1983|Amita launched in Greece
--|1991|Listing on the Athens Stock Exchange
--|1992|Hellenic Bottling Company enters Bulgaria
--|(% rowspan="2" %)1994|Coca-Cola plant built in Moscow
--|Hellenic Bottling Company enters Belarus and Moldova
--|1996|Hellenic Bottling Company enters Armenia
--|1997|Acquisition of IBP Beograd in Serbia
--|1998|Hellenic Bottling Company invests in Pivara Skopje
--|(% rowspan="2" %)2000|Merger of Hellenic Bottling Company SA with Coca-Cola Beverages PLC creates Coca-Cola HBC
--|Coca-Cola HBC included in the FTSE 4 Good Index
--|2001|The comapny acquire the Russian operation from TCCC
--|(% rowspan="4" %)2002|The comapny acquire mineral water companies Dorna in Romania, Valser in Switzerland and Römerquelle in Austria
--|Distribution center opens in Montenegro
--|Coca-Cola HBC listed on the New York Stock Exchange
--|The company acquire the operations in the Baltics (Latvia, Lithuania, Estonia) from TCCC
--|2003|Distribution center opens in Kosovo
--|(% rowspan="3" %)2005|The company open its first energy-efficient combined heat and power (CHP) plant in Hungary
--|The company acquire Russian juice producer CJSC Multon and Vlasinka mineral water in Serbia
--|Coke Zero launch
--|(% rowspan="3" %)2006|Acquisition of Serbian juice producer Fresh & Co
--|Coca-Cola HBC enters Cyprus through the acquisition of Lanitis Bros
--|Acquisition of Fonti del Vulture mineral water in Italy
--|2007|Founding of the PET to PET Recycling Plant in Austria
--|(% rowspan="3" %)2008|Distribution agreement with Brown Forman (Jack Daniels, Finlandia, El Jimador) in Hungary. Currently Coca-Cola HBC is active with Brown Forman portfolio in 7 markets.
--|Acquisition of Socib in Italy
--|Coca-Cola HBC included in the DJSI for the first time
--|(% rowspan="3" %)2011|Opening of Business Service Organization office in Sofia, Bulgaria
--|All its plants are certified to ISO 9001
--|Acquisition of Kykkos in Cyprus
--|2013|Coca-Cola HBC is listed on the premium segment of the London Stock Exchange
--|2015|Opening of Business Service Organization office in Nizhny Novgorod, Russia
--|(% rowspan="2" %)2016|The company launch a new partnership with Gruppo Campari (Campari, Aperol, Grand Marnier) starting from Greece, distributing presently to 15 CCH markets
--|Acquisition of Neptunas mineral water in Lithuania
--|(% rowspan="2" %)2017|Acquisition of Rézangyal spirits brand in Hungary. Rézangyal is a well-known pálinka (traditional fruit brandy) offering Classic and Premium options in their product portfolio.
--|Acquisition of MB Impex spirits producer in Serbia, which is the producer of the bitter liqueur Zlatni Pelin and the brandy Zlatna Rakia.
--|2018|The company launched FUZETEA, its ready-to-drink tea in 27 of its markets across Europe
--|(% rowspan="3" %)2019|The company acquired Bambi, the leading confectionery brand in Serbia
--|The company complete the acquisition of Lurisia, the historic premium water and flavoured sparkling business, in Italy
--|The company acquire Toma in Czech Republic – a locally relevant water with strong potential for growth
--|(% rowspan="3" %)2020|The company achieve Water Stewardship Certification for 52 plants
--|The company launch Costa Coffee in the first of its markets
--|The company launch Topo Chico Hard Selzer in 5 markets
--|2022|The company complete the acquisition of Coca-Cola Bottling Company of Egypt S.A.E.
++* Comparable EPS up 33.7% to €1.58 on lower tax rate; free cash flow increased by €104.3 million to €601.3 million
++* Increased dividend pay-out ratio target to 40-50%, previously 35-45%
++* Board of Directors to propose ordinary dividend of €0.71 per share, up +10.9% year-on-year
--[[image:CCH5.jpg]]
++(% style="width:899px" %)
++|(% style="width:485px" %) |(% style="width:146px" %)**Full-Year**|(% style="width:136px" %) |(% style="width:129px" %)**%**
++|(% style="width:485px" %) |(% style="width:146px" %)**2021**|(% style="width:136px" %)**2020**|(% style="width:129px" %)**Change**
++|(% style="width:485px" %)Volume (m unit cases)|(% style="width:146px" %)2,412.70|(% style="width:136px" %)2,135.60|(% style="width:129px" %)13.00%
++|(% style="width:485px" %)Net sales revenue (€ m)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)6,131.80|(% style="width:129px" %)16.90%
++|(% style="width:485px" %)Net sales revenue per unit case (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.87|(% style="width:129px" %)3.50%
++|(% style="width:485px" %)FX-neutral net sales revenue (€)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)5,994.90|(% style="width:129px" %)19.60%
++|(% style="width:485px" %)FX-neutral net sales revenue per unit case3 (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.81|(% style="width:129px" %)5.80%
++|(% style="width:485px" %)Operating expenses/ Net sales revenue ~(%)|(% style="width:146px" %)25.6|(% style="width:136px" %)27.4|(% style="width:129px" %) -190bps
++|(% style="width:485px" %)Comparable operating expenses / Net sales revenue ~(%)|(% style="width:146px" %)25.1|(% style="width:136px" %)27.3|(% style="width:129px" %)-220bps
++|(% style="width:485px" %)Operating profit (EBIT) (€ m)|(% style="width:146px" %)799.3|(% style="width:136px" %)660.7|(% style="width:129px" %)21.00%
++|(% style="width:485px" %)Comparable EBIT (€ m)|(% style="width:146px" %)831|(% style="width:136px" %)672.3|(% style="width:129px" %)23.60%
++|(% style="width:485px" %)EBIT margin ~(%)|(% style="width:146px" %)11.2|(% style="width:136px" %)10.8|(% style="width:129px" %)40bps
++|(% style="width:485px" %)Comparable EBIT margin ~(%)|(% style="width:146px" %)11.6|(% style="width:136px" %)11|(% style="width:129px" %)60bps
++|(% style="width:485px" %)Net profit5 (€ m)|(% style="width:146px" %)547.2|(% style="width:136px" %)414.9|(% style="width:129px" %)31.90%
++|(% style="width:485px" %)Comparable net profit (€ m)|(% style="width:146px" %)578.1|(% style="width:136px" %)431.4|(% style="width:129px" %)34.00%
++|(% style="width:485px" %)Basic earnings per share (EPS) (€)|(% style="width:146px" %)1.499|(% style="width:136px" %)1.14|(% style="width:129px" %)31.50%
++|(% style="width:485px" %)Comparable EPS (€)|(% style="width:146px" %)1.584|(% style="width:136px" %)1.185|(% style="width:129px" %)33.70%
++|(% style="width:485px" %)Free cash flow3 (€ m)|(% style="width:146px" %)601.3|(% style="width:136px" %)497|(% style="width:129px" %)21.00%
++(% class="wikigeneratedid" id="HCompanyHistory" %)
++(% id="cke_bm_621S" style="display:none" %)
--== Brands ==
--
--Coca-Cola HBC is a customer-centric business aiming to provide value to its customers by growing their business and through perfect execution in the marketplace.
--
--
--The company grow by supporting its customers’ growth. To do this, the company leverage its 24/7 portfolio and segmented sales execution to grow the overall beverage industry, focusing on areas of high value opportunity and executing with excellence.
--
--
--With over 100 brands covering eight categories – sparkling, water, juices, ready-to-drink tea, energy, plant-based, premium spirits and coffee – Coca-Cola HBC has more opportunities to help its customers delight consumers than ever before, by providing the brands and drinks people want, when and where they want them.
--
--
--[[image:CCH6.png]]
--
--
  = Markets =
  The company manage and report on its business by grouping its geographical markets into three segments: emerging, developing and established markets. These groupings are based on a wide range of criteria, including socio-economic similarities, GDP per capita, consumption of sparkling drinks per capita and the state of development of the local drinks market.{{footnote}}https://www.coca-colahellenic.com/en/about-us/what-we-do/markets{{/footnote}}
@@ -156,75
+156,114 @@
  [[image:CCH3.png]]
--= Financial Highlights =
++= (% id="cke_bm_247S" style="display:none" %) (%%)Company Overview =
--**Zoran Bogdanovic, Chief Executive Officer of Coca-Cola HBC AG, commented:**{{footnote}}https://www.coca-colahellenic.com/en/media/news/financial_news/2022/2021-full-year-results{{/footnote}}
++The company bottle and sell the beverages of The Coca-Cola Company exclusively in its 29 markets. The company also partner with other beverage businesses such as Monster Energy, Edrington, Brown-Forman and Campari to sell their products. The company create value for all its stakeholders by supporting the socio-economic development of the societies in which the company operate and believe building a more positive environmental impact is integral to its future growth.
--“The business has delivered a very strong recovery in 2021, with all key metrics above pre-pandemic levels, the result of consistent and disciplined focus on its strategic priorities over the last few years. The company finished the year with strong revenue growth, its highest ever EBIT margin and free cash flow while continuing to gain share. This performance demonstrates the strength of its 24/7 brand portfolio, revenue growth management capabilities and execution excellence in its markets. It is driven by the strong drive and passion of its people, who continue to show great creativity and adaptability in navigating the volatile operating environment while nurturing its culture which embraces change, challenge and care. The company's results and strong future plans are also a reflection of its stronger than ever partnership with The Coca-Cola Company.
++The company's portfolio is one of the strongest, broadest and most flexible in the beverage industry, offering consumer-leading brands in the sparkling, juice, water, sport, energy, plant-based, ready-to-drink tea, coffee, adult sparkling, snacks and premium spirits categories. The company's products cater to a growing range of tastes with a wider choice of healthier options, premium products and increasingly sustainable packaging.
--2021 also marked 70 years since its early beginnings in Nigeria and I am more excited than ever by the growth potential of its business, further strengthened with the addition of Egypt to its country portfolio.
++Along with its customers, the company serve more than 715 million consumers across a broad geographic footprint of 29 countries on 3 continents. This spans from the West Coast of Ireland to the Pacific coast of Russia; from Northern Europe to its most southerly market, Nigeria.
--Revenue growth management actions focused behind both premium and affordable offers, as well as pricing and ongoing productivity improvements have enabled it to continue investing behind its strategic priorities, including in capabilities development, whilst achieving EBIT margin expansion.
++The company foster an open and inclusive work environment with its 36,000 employees. The company share a passion for serving its customers and communities and building a more positive environmental impact.
--Coca-Cola HBC is encouraged by the momentum the company see in the business. The company expect 2022 to be a year of strong sales supported by ongoing volume momentum, pricing actions and beneficial category mix. While mindful of inflationary headwinds and other risks, its track record and continuous focus on efficiencies give me confidence in delivering another year of EBIT growth. Given the positive long-term outlook for the business Coca-Cola HBC is increasing its targeted dividend pay-out range to 40-50%.”
++[[image:CCH1.jpg]]
--Effective execution in a volatile environment drove strong recovery
++== Partnership with the Coca-Cola Company ==
--* FX-neutral revenue growth +20.6% like-for-like1. Reported revenues +16.9%
--* Business gained momentum in Q4, with FX-neutral revenue closing 10% above 20192 levels for the year like-for-like
--* Value share gains continued to increase, +80bps in NARTD
--Volume growth of 14.0% like-for-like, or 13% on a reported basis, led by the Emerging and Established segments as well as the strategic priorities in its portfolio
++The Coca-Cola Company owns, develops and markets its brands with the end consumer. Coca-Cola HBC is responsible for producing, distributing, and selling these beverages. The company work together to ensure that Coca-Cola HBC has the right portfolio for its markets and to ensure excellent, efficient execution.{{footnote}}https://www.coca-colahellenic.com/en/about-us/who-we-are/relationship-with-tccc{{/footnote}}
--* Sparkling volume +13.8%, Low/no sugar +47.3%; Adult sparkling +31.8%
--* Energy volume + 45.3%, driven by the performance of Monster, Burn and Predator
--Strength of brand portfolio demonstrated as pricing and other revenue growth management actions drove FX-neutral revenue per case +5.8%, or +3.9% excluding Poland
++The company buy concentrate from The Coca-Cola Company under an incidence-based pricing model. The company also share marketing costs and responsibilities; The Coca-Cola Company undertakes marketing to consumers while the company take responsibility for trade marketing to its customers.
--Consistent investment behind strategic priorities building growth momentum
++[[image:CCH2.png]]
--* Costa Coffee now available in 17 markets; Caffè Vergnano launched in Q4, now live in 5 markets
--* Geographical expansion into Egypt adds exciting growth opportunity, integration on track
--* Net Zero commitment backed by €250 million investment by 2025
--Expanded EBIT margin while increasing marketing investment
++== ==
--* Comparable EBIT grew by 23.6% with margins +60bps to 11.6%, including c. 30bps benefit from Cyprus property sale. Reported EBIT grew by 21.0%
--* Opex as a percent of revenue improved by 2.2pp, driven by operating leverage, cost savings higher than plan; 30 bps benefit from Cyprus property sale
--* Marketing expenditure +63%, full year spend almost back to pre-pandemic levels
--Strong earnings growth, record high free cash flow and increased dividend pay-out target range
++[[image:CCH5.jpg]]
--* Comparable EPS up 33.7% to €1.58 on lower tax rate; free cash flow increased by €104.3 million to €601.3 million
--* Increased dividend pay-out ratio target to 40-50%, previously 35-45%
--* Board of Directors to propose ordinary dividend of €0.71 per share, up +10.9% year-on-year
--(% style="width:899px" %)
--|(% style="width:485px" %) |(% style="width:146px" %)**Full-Year**|(% style="width:136px" %) |(% style="width:129px" %)**%**
--|(% style="width:485px" %) |(% style="width:146px" %)**2021**|(% style="width:136px" %)**2020**|(% style="width:129px" %)**Change**
--|(% style="width:485px" %)Volume (m unit cases)|(% style="width:146px" %)2,412.70|(% style="width:136px" %)2,135.60|(% style="width:129px" %)13.00%
--|(% style="width:485px" %)Net sales revenue (€ m)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)6,131.80|(% style="width:129px" %)16.90%
--|(% style="width:485px" %)Net sales revenue per unit case (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.87|(% style="width:129px" %)3.50%
--|(% style="width:485px" %)FX-neutral net sales revenue (€)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)5,994.90|(% style="width:129px" %)19.60%
--|(% style="width:485px" %)FX-neutral net sales revenue per unit case3 (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.81|(% style="width:129px" %)5.80%
--|(% style="width:485px" %)Operating expenses/ Net sales revenue ~(%)|(% style="width:146px" %)25.6|(% style="width:136px" %)27.4|(% style="width:129px" %) -190bps
--|(% style="width:485px" %)Comparable operating expenses / Net sales revenue ~(%)|(% style="width:146px" %)25.1|(% style="width:136px" %)27.3|(% style="width:129px" %)-220bps
--|(% style="width:485px" %)Operating profit (EBIT) (€ m)|(% style="width:146px" %)799.3|(% style="width:136px" %)660.7|(% style="width:129px" %)21.00%
--|(% style="width:485px" %)Comparable EBIT (€ m)|(% style="width:146px" %)831|(% style="width:136px" %)672.3|(% style="width:129px" %)23.60%
--|(% style="width:485px" %)EBIT margin ~(%)|(% style="width:146px" %)11.2|(% style="width:136px" %)10.8|(% style="width:129px" %)40bps
--|(% style="width:485px" %)Comparable EBIT margin ~(%)|(% style="width:146px" %)11.6|(% style="width:136px" %)11|(% style="width:129px" %)60bps
--|(% style="width:485px" %)Net profit5 (€ m)|(% style="width:146px" %)547.2|(% style="width:136px" %)414.9|(% style="width:129px" %)31.90%
--|(% style="width:485px" %)Comparable net profit (€ m)|(% style="width:146px" %)578.1|(% style="width:136px" %)431.4|(% style="width:129px" %)34.00%
--|(% style="width:485px" %)Basic earnings per share (EPS) (€)|(% style="width:146px" %)1.499|(% style="width:136px" %)1.14|(% style="width:129px" %)31.50%
--|(% style="width:485px" %)Comparable EPS (€)|(% style="width:146px" %)1.584|(% style="width:136px" %)1.185|(% style="width:129px" %)33.70%
--|(% style="width:485px" %)Free cash flow3 (€ m)|(% style="width:146px" %)601.3|(% style="width:136px" %)497|(% style="width:129px" %)21.00%
++== Brands ==
++Coca-Cola HBC is a customer-centric business aiming to provide value to its customers by growing their business and through perfect execution in the marketplace.
++
++
++The company grow by supporting its customers’ growth. To do this, the company leverage its 24/7 portfolio and segmented sales execution to grow the overall beverage industry, focusing on areas of high value opportunity and executing with excellence.
++
++
++With over 100 brands covering eight categories – sparkling, water, juices, ready-to-drink tea, energy, plant-based, premium spirits and coffee – Coca-Cola HBC has more opportunities to help its customers delight consumers than ever before, by providing the brands and drinks people want, when and where they want them.
++
++
++[[image:CCH6.png]]
++
++
++
++== Company History ==
++
++Coca-Cola HBC has a rich heritage and an exciting future – from the creation of coca cola in 1886 to being recognised as an industry leader by the DOW JONES sustainability indices today.{{footnote}}https://www.coca-colahellenic.com/en/about-us/who-we-are/history{{/footnote}}
++
++(% class="info" %)|**Year**|**Milestone**
++|1951|AG Leventis establishes the Nigerian Bottling Company in Lagos, Nigeria
++|(% rowspan="2" %)1953|Production starts in Ebute-Metta plant, Nigeria
++|Opening of Apapa plant in Nigeria
++|1961|Second NBC plant in Ibadan commissioned
++|1969|Hellenic Bottling Company established in Greece
++|1972|NBC listed on the Nigerian Stock Exchange
++|1977|Acquisition of Coca-Cola franchises in Ireland & Northern Ireland
++|1978|NBC’s Ikeja plant commissioned
++|1983|Amita launched in Greece
++|1991|Listing on the Athens Stock Exchange
++|1992|Hellenic Bottling Company enters Bulgaria
++|(% rowspan="2" %)1994|Coca-Cola plant built in Moscow
++|Hellenic Bottling Company enters Belarus and Moldova
++|1996|Hellenic Bottling Company enters Armenia
++|1997|Acquisition of IBP Beograd in Serbia
++|1998|Hellenic Bottling Company invests in Pivara Skopje
++|(% rowspan="2" %)2000|Merger of Hellenic Bottling Company SA with Coca-Cola Beverages PLC creates Coca-Cola HBC
++|Coca-Cola HBC included in the FTSE 4 Good Index
++|2001|The comapny acquire the Russian operation from TCCC
++|(% rowspan="4" %)2002|The comapny acquire mineral water companies Dorna in Romania, Valser in Switzerland and Römerquelle in Austria
++|Distribution center opens in Montenegro
++|Coca-Cola HBC listed on the New York Stock Exchange
++|The company acquire the operations in the Baltics (Latvia, Lithuania, Estonia) from TCCC
++|2003|Distribution center opens in Kosovo
++|(% rowspan="3" %)2005|The company open its first energy-efficient combined heat and power (CHP) plant in Hungary
++|The company acquire Russian juice producer CJSC Multon and Vlasinka mineral water in Serbia
++|Coke Zero launch
++|(% rowspan="3" %)2006|Acquisition of Serbian juice producer Fresh & Co
++|Coca-Cola HBC enters Cyprus through the acquisition of Lanitis Bros
++|Acquisition of Fonti del Vulture mineral water in Italy
++|2007|Founding of the PET to PET Recycling Plant in Austria
++|(% rowspan="3" %)2008|Distribution agreement with Brown Forman (Jack Daniels, Finlandia, El Jimador) in Hungary. Currently Coca-Cola HBC is active with Brown Forman portfolio in 7 markets.
++|Acquisition of Socib in Italy
++|Coca-Cola HBC included in the DJSI for the first time
++|(% rowspan="3" %)2011|Opening of Business Service Organization office in Sofia, Bulgaria
++|All its plants are certified to ISO 9001
++|Acquisition of Kykkos in Cyprus
++|2013|Coca-Cola HBC is listed on the premium segment of the London Stock Exchange
++|2015|Opening of Business Service Organization office in Nizhny Novgorod, Russia
++|(% rowspan="2" %)2016|The company launch a new partnership with Gruppo Campari (Campari, Aperol, Grand Marnier) starting from Greece, distributing presently to 15 CCH markets
++|Acquisition of Neptunas mineral water in Lithuania
++|(% rowspan="2" %)2017|Acquisition of Rézangyal spirits brand in Hungary. Rézangyal is a well-known pálinka (traditional fruit brandy) offering Classic and Premium options in their product portfolio.
++|Acquisition of MB Impex spirits producer in Serbia, which is the producer of the bitter liqueur Zlatni Pelin and the brandy Zlatna Rakia.
++|2018|The company launched FUZETEA, its ready-to-drink tea in 27 of its markets across Europe
++|(% rowspan="3" %)2019|The company acquired Bambi, the leading confectionery brand in Serbia
++|The company complete the acquisition of Lurisia, the historic premium water and flavoured sparkling business, in Italy
++|The company acquire Toma in Czech Republic – a locally relevant water with strong potential for growth
++|(% rowspan="3" %)2020|The company achieve Water Stewardship Certification for 52 plants
++|The company launch Costa Coffee in the first of its markets
++|The company launch Topo Chico Hard Selzer in 5 markets
++|2022|The company complete the acquisition of Coca-Cola Bottling Company of Egypt S.A.E.
++
++
  = References =
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