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... ... @@ -4,120 +4,90 @@ 4 4 5 5 = Summary = 6 6 7 -* Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of the Coca-Cola company.8 -* 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.7 +* Coca-Cola HBC is a consumer packaged goods business and strategic bottling partner of the Coca-Cola company. 8 +* The Coca-Cola Company owns, develops and markets its brands with the end consumer. 9 9 * The company bottle and sell the beverages of The Coca-Cola Company exclusively in its 29 markets. 10 10 * The company serve more than 715 million consumers across a broad geographic footprint of 29 countries on 3 continents. 11 11 12 12 [[image:CCH0.png]] 13 13 14 +(% 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}} 14 14 15 - =CompanyOverview=16 +(% id="cke_bm_229S" style="display:none" %) 16 16 17 -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}} 18 18 19 += Financial Highlights = 19 19 20 - The companybottleandsell thebeveragesofTheCoca-Cola Companyexclusivelyin its 29 markets. Thecompany also partner with other beverage businesses such as Monster Energy, Edrington, Brown-Forman and Camparito sell their products.Thecompanycreate value for all its stakeholders by supporting the socio-economicdevelopment of thesocietieswhich the company operate and believe buildingamore positive environmental impact isintegralo itsuture growth.21 +**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}} 21 21 22 22 23 -The company'sportfoliois oneofthestrongest,broadest andmostflexibleinthebeverage industry,offeringconsumer-leadingbrands in the sparkling, juice,water,sport, energy,plant-based,ready-to-drinktea,coffee,adultsparkling,snacksand premiumspiritscategories.Thecompany'sproductscatertoagrowingrange of tasteswithawider choiceofhealthier options,premiumproductsandincreasinglysustainable packaging.24 +“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. 24 24 25 25 26 - Alongwithitscustomers,thecompanyservemore than715millionconsumersacrossabroadgeographicfootprint of29 countrieson 3 continents. ThisspansfromtheWestCoast of Ireland tothePacific coastofRussia; from NorthernEuropeto itsmost southerlymarket, Nigeria.27 +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. 27 27 28 28 29 - Thecompanyfosteran openandinclusiveworkenvironmentwithits36,000 employees.Thecompany sharea passionforserving itscustomersandcommunitiesand buildingamorepositive environmental impact.30 +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. 30 30 31 31 32 - [[image:CCH1.jpg]]33 +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%.” 33 33 34 34 35 - == PartnershipwiththeCoca-ColaCompany==36 +Effective execution in a volatile environment drove strong recovery 36 36 38 +* FX-neutral revenue growth +20.6% like-for-like1. Reported revenues +16.9% 39 +* Business gained momentum in Q4, with FX-neutral revenue closing 10% above 20192 levels for the year like-for-like 40 +* Value share gains continued to increase, +80bps in NARTD 37 37 38 - The Coca-Cola Companyowns,developsandmarkets its brands with theend consumer.Coca-ColaHBC isresponsible forproducing,distributing,andsellingthesebeverages.The companyworktogethertoensurethatCoca-ColaHBC has the right portfoliofors marketsand to ensure excellent, efficientexecution.{{footnote}}https://www.coca-colahellenic.com/en/about-us/who-we-are/relationship-with-tccc{{/footnote}}42 +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 39 39 44 +* Sparkling volume +13.8%, Low/no sugar +47.3%; Adult sparkling +31.8% 45 +* Energy volume + 45.3%, driven by the performance of Monster, Burn and Predator 40 40 41 - Thecompanybuy concentratefrom The Coca-Cola Companyundern incidence-basedpricingmodel. The companyalsosharemarketingcosts andresponsibilities; TheCoca-Cola Company undertakesmarketingtoconsumerswhilethe companytakeresponsibilityfortrademarketingtoits customers.47 +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 42 42 43 43 44 - [[image:CCH2.png]]50 +Consistent investment behind strategic priorities building growth momentum 45 45 52 +* Costa Coffee now available in 17 markets; Caffè Vergnano launched in Q4, now live in 5 markets 53 +* Geographical expansion into Egypt adds exciting growth opportunity, integration on track 54 +* Net Zero commitment backed by €250 million investment by 2025 46 46 47 - ==CompanyHistory==56 +Expanded EBIT margin while increasing marketing investment 48 48 49 -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}} 58 +* 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% 59 +* 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 60 +* Marketing expenditure +63%, full year spend almost back to pre-pandemic levels 50 50 51 -(% class="info" %)|**Year**|**Milestone** 52 -|1951|AG Leventis establishes the Nigerian Bottling Company in Lagos, Nigeria 53 -|(% rowspan="2" %)1953|Production starts in Ebute-Metta plant, Nigeria 54 -|Opening of Apapa plant in Nigeria 55 -|1961|Second NBC plant in Ibadan commissioned 56 -|1969|Hellenic Bottling Company established in Greece 57 -|1972|NBC listed on the Nigerian Stock Exchange 58 -|1977|Acquisition of Coca-Cola franchises in Ireland & Northern Ireland 59 -|1978|NBC’s Ikeja plant commissioned 60 -|1983|Amita launched in Greece 61 -|1991|Listing on the Athens Stock Exchange 62 -|1992|Hellenic Bottling Company enters Bulgaria 63 -|(% rowspan="2" %)1994|Coca-Cola plant built in Moscow 64 -|Hellenic Bottling Company enters Belarus and Moldova 65 -|1996|Hellenic Bottling Company enters Armenia 66 -|1997|Acquisition of IBP Beograd in Serbia 67 -|1998|Hellenic Bottling Company invests in Pivara Skopje 68 -|(% rowspan="2" %)2000|Merger of Hellenic Bottling Company SA with Coca-Cola Beverages PLC creates Coca-Cola HBC 69 -|Coca-Cola HBC included in the FTSE 4 Good Index 70 -|2001|The comapny acquire the Russian operation from TCCC 71 -|(% rowspan="4" %)2002|The comapny acquire mineral water companies Dorna in Romania, Valser in Switzerland and Römerquelle in Austria 72 -|Distribution center opens in Montenegro 73 -|Coca-Cola HBC listed on the New York Stock Exchange 74 -|The company acquire the operations in the Baltics (Latvia, Lithuania, Estonia) from TCCC 75 -|2003|Distribution center opens in Kosovo 76 -|(% rowspan="3" %)2005|The company open its first energy-efficient combined heat and power (CHP) plant in Hungary 77 -|The company acquire Russian juice producer CJSC Multon and Vlasinka mineral water in Serbia 78 -|Coke Zero launch 79 -|(% rowspan="3" %)2006|Acquisition of Serbian juice producer Fresh & Co 80 -|Coca-Cola HBC enters Cyprus through the acquisition of Lanitis Bros 81 -|Acquisition of Fonti del Vulture mineral water in Italy 82 -|2007|Founding of the PET to PET Recycling Plant in Austria 83 -|(% 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. 84 -|Acquisition of Socib in Italy 85 -|Coca-Cola HBC included in the DJSI for the first time 86 -|(% rowspan="3" %)2011|Opening of Business Service Organization office in Sofia, Bulgaria 87 -|All its plants are certified to ISO 9001 88 -|Acquisition of Kykkos in Cyprus 89 -|2013|Coca-Cola HBC is listed on the premium segment of the London Stock Exchange 90 -|2015|Opening of Business Service Organization office in Nizhny Novgorod, Russia 91 -|(% 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 92 -|Acquisition of Neptunas mineral water in Lithuania 93 -|(% 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. 94 -|Acquisition of MB Impex spirits producer in Serbia, which is the producer of the bitter liqueur Zlatni Pelin and the brandy Zlatna Rakia. 95 -|2018|The company launched FUZETEA, its ready-to-drink tea in 27 of its markets across Europe 96 -|(% rowspan="3" %)2019|The company acquired Bambi, the leading confectionery brand in Serbia 97 -|The company complete the acquisition of Lurisia, the historic premium water and flavoured sparkling business, in Italy 98 -|The company acquire Toma in Czech Republic – a locally relevant water with strong potential for growth 99 -|(% rowspan="3" %)2020|The company achieve Water Stewardship Certification for 52 plants 100 -|The company launch Costa Coffee in the first of its markets 101 -|The company launch Topo Chico Hard Selzer in 5 markets 102 -|2022|The company complete the acquisition of Coca-Cola Bottling Company of Egypt S.A.E. 62 +Strong earnings growth, record high free cash flow and increased dividend pay-out target range 103 103 104 -[[image:CCH5.jpg]] 64 +* Comparable EPS up 33.7% to €1.58 on lower tax rate; free cash flow increased by €104.3 million to €601.3 million 65 +* Increased dividend pay-out ratio target to 40-50%, previously 35-45% 66 +* Board of Directors to propose ordinary dividend of €0.71 per share, up +10.9% year-on-year 105 105 68 +(% style="width:899px" %) 69 +|(% style="width:485px" %) |(% style="width:146px" %)**Full-Year**|(% style="width:136px" %) |(% style="width:129px" %)**%** 70 +|(% style="width:485px" %) |(% style="width:146px" %)**2021**|(% style="width:136px" %)**2020**|(% style="width:129px" %)**Change** 71 +|(% style="width:485px" %)Volume (m unit cases)|(% style="width:146px" %)2,412.70|(% style="width:136px" %)2,135.60|(% style="width:129px" %)13.00% 72 +|(% style="width:485px" %)Net sales revenue (€ m)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)6,131.80|(% style="width:129px" %)16.90% 73 +|(% style="width:485px" %)Net sales revenue per unit case (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.87|(% style="width:129px" %)3.50% 74 +|(% 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% 75 +|(% 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% 76 +|(% style="width:485px" %)Operating expenses/ Net sales revenue ~(%)|(% style="width:146px" %)25.6|(% style="width:136px" %)27.4|(% style="width:129px" %) -190bps 77 +|(% style="width:485px" %)Comparable operating expenses / Net sales revenue ~(%)|(% style="width:146px" %)25.1|(% style="width:136px" %)27.3|(% style="width:129px" %)-220bps 78 +|(% style="width:485px" %)Operating profit (EBIT) (€ m)|(% style="width:146px" %)799.3|(% style="width:136px" %)660.7|(% style="width:129px" %)21.00% 79 +|(% style="width:485px" %)Comparable EBIT (€ m)|(% style="width:146px" %)831|(% style="width:136px" %)672.3|(% style="width:129px" %)23.60% 80 +|(% style="width:485px" %)EBIT margin ~(%)|(% style="width:146px" %)11.2|(% style="width:136px" %)10.8|(% style="width:129px" %)40bps 81 +|(% style="width:485px" %)Comparable EBIT margin ~(%)|(% style="width:146px" %)11.6|(% style="width:136px" %)11|(% style="width:129px" %)60bps 82 +|(% style="width:485px" %)Net profit5 (€ m)|(% style="width:146px" %)547.2|(% style="width:136px" %)414.9|(% style="width:129px" %)31.90% 83 +|(% style="width:485px" %)Comparable net profit (€ m)|(% style="width:146px" %)578.1|(% style="width:136px" %)431.4|(% style="width:129px" %)34.00% 84 +|(% style="width:485px" %)Basic earnings per share (EPS) (€)|(% style="width:146px" %)1.499|(% style="width:136px" %)1.14|(% style="width:129px" %)31.50% 85 +|(% style="width:485px" %)Comparable EPS (€)|(% style="width:146px" %)1.584|(% style="width:136px" %)1.185|(% style="width:129px" %)33.70% 86 +|(% style="width:485px" %)Free cash flow3 (€ m)|(% style="width:146px" %)601.3|(% style="width:136px" %)497|(% style="width:129px" %)21.00% 106 106 107 -== Brands == 88 +(% class="wikigeneratedid" id="HCompanyHistory" %) 89 +(% id="cke_bm_621S" style="display:none" %) 108 108 109 -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. 110 - 111 - 112 -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. 113 - 114 - 115 -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. 116 - 117 - 118 -[[image:CCH6.png]] 119 - 120 - 121 121 = Markets = 122 122 123 123 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 +156,102 @@ 156 156 [[image:CCH3.png]] 157 157 158 158 159 -= FinancialHighlights =129 += (% id="cke_bm_247S" style="display:none" %) (%%)Company Overview = 160 160 161 - **ZoranBogdanovic,ChiefExecutiveOfficer of Coca-ColaHBCAG, commented:**{{footnote}}https://www.coca-colahellenic.com/en/media/news/financial_news/2022/2021-full-year-results{{/footnote}}131 +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. 162 162 163 163 164 - “Thebusiness has delivered a verytrongrecovery in 2021, with allkey metricsabove pre-pandemiclevels,the result of consistentanddisciplined focuson itsstrategicprioritiesoverthelast few years. Thecompany finishedheyearwith strongrevenuegrowth, its highest ever EBIT margin andfree cashflow while continuingto gain share.Thiserformancedemonstrates the strengthof its24/7 brandportfolio,revenuegrowth managementcapabilitiesand execution excellence in its markets. It isdriven byhe strongdrive andpassion of its people,whocontinueto show greatcreativityand adaptability in navigatingthe volatile operatingenvironmentwhile nurturing its culturewhich embraces change, challenge and care. The company's results andstrongfuture plans are alsoareflectionofits stronger thanever partnershipwith The Coca-ColaCompany.134 +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. 165 165 166 166 167 - 2021 alsomarked 70 years sinceits earlybeginningsinNigeriaandIammoreexcitedthaneverby theowthpotentialofitsbusiness,furtherstrengthenedwiththe additionof Egyptto itscountryportfolio.137 +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. The company has 36,000 employees. 168 168 169 169 170 - Revenue growth management actions focused behind both premiumand affordable offers, as well as pricingand ongoing productivity improvements have enabled it to continue investing behind its strategicpriorities, includingin capabilities development, whilst achieving EBIT margin expansion.140 +[[image:CCH1.jpg]] 171 171 172 172 173 - Coca-ColaHBC is encouraged by the momentum the company see in the business. The company expect 2022 to be a yearof strong sales supported by ongoing volume momentum, pricing actionsand beneficial category mix. Whilemindful of inflationary headwinds and otherrisks, its track record and continuous focus on efficiencies give me confidence in delivering anotheryear of EBIT growth. Given the positive long-term outlook for the businessCoca-ColaHBCis increasing its targeted dividendpay-outrange to 40-50%.”143 +== Partnership with the Coca-Cola Company == 174 174 175 175 176 - Effective execution inavolatileenvironmentdrovestrongrecovery146 +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 with Coca-Cola HBC.{{footnote}}https://www.coca-colahellenic.com/en/about-us/who-we-are/relationship-with-tccc{{/footnote}} 177 177 178 -* FX-neutral revenue growth +20.6% like-for-like1. Reported revenues +16.9% 179 -* Business gained momentum in Q4, with FX-neutral revenue closing 10% above 20192 levels for the year like-for-like 180 -* Value share gains continued to increase, +80bps in NARTD 181 181 182 - Volumegrowthof14.0% like-for-like,or13% on areportedbasis,ledbytheEmerging andEstablishedsegments as wellasthestrategicprioritiesin itsportfolio149 +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. 183 183 184 -* Sparkling volume +13.8%, Low/no sugar +47.3%; Adult sparkling +31.8% 185 -* Energy volume + 45.3%, driven by the performance of Monster, Burn and Predator 186 186 187 - Strength of brand portfolio demonstrated as pricingand other revenue growth management actions drove FX-neutral revenue per case +5.8%, or +3.9% excludingPoland152 +[[image:CCH2.png]] 188 188 189 189 190 -Consistent investment behind strategic priorities building growth momentum 191 191 192 -* Costa Coffee now available in 17 markets; Caffè Vergnano launched in Q4, now live in 5 markets 193 -* Geographical expansion into Egypt adds exciting growth opportunity, integration on track 194 -* Net Zero commitment backed by €250 million investment by 2025 156 +== Brands == 195 195 196 - ExpandedEBITmarginwhileincreasingmarketinginvestment158 +Coca-Cola HBC is a customer-centric business 197 197 198 -* 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% 199 -* 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 200 -* Marketing expenditure +63%, full year spend almost back to pre-pandemic levels 201 201 202 - Strongearningsgrowth,record high free cashflowandincreasedvidendpay-outtargetrange161 +With over 100 brands covering eight categories – sparkling, water, juices, ready-to-drink tea, energy, plant-based, premium spirits and coffee. 203 203 204 -* Comparable EPS up 33.7% to €1.58 on lower tax rate; free cash flow increased by €104.3 million to €601.3 million 205 -* Increased dividend pay-out ratio target to 40-50%, previously 35-45% 206 -* Board of Directors to propose ordinary dividend of €0.71 per share, up +10.9% year-on-year 207 207 208 -(% style="width:899px" %) 209 -|(% style="width:485px" %) |(% style="width:146px" %)**Full-Year**|(% style="width:136px" %) |(% style="width:129px" %)**%** 210 -|(% style="width:485px" %) |(% style="width:146px" %)**2021**|(% style="width:136px" %)**2020**|(% style="width:129px" %)**Change** 211 -|(% style="width:485px" %)Volume (m unit cases)|(% style="width:146px" %)2,412.70|(% style="width:136px" %)2,135.60|(% style="width:129px" %)13.00% 212 -|(% style="width:485px" %)Net sales revenue (€ m)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)6,131.80|(% style="width:129px" %)16.90% 213 -|(% style="width:485px" %)Net sales revenue per unit case (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.87|(% style="width:129px" %)3.50% 214 -|(% 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% 215 -|(% 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% 216 -|(% style="width:485px" %)Operating expenses/ Net sales revenue ~(%)|(% style="width:146px" %)25.6|(% style="width:136px" %)27.4|(% style="width:129px" %) -190bps 217 -|(% style="width:485px" %)Comparable operating expenses / Net sales revenue ~(%)|(% style="width:146px" %)25.1|(% style="width:136px" %)27.3|(% style="width:129px" %)-220bps 218 -|(% style="width:485px" %)Operating profit (EBIT) (€ m)|(% style="width:146px" %)799.3|(% style="width:136px" %)660.7|(% style="width:129px" %)21.00% 219 -|(% style="width:485px" %)Comparable EBIT (€ m)|(% style="width:146px" %)831|(% style="width:136px" %)672.3|(% style="width:129px" %)23.60% 220 -|(% style="width:485px" %)EBIT margin ~(%)|(% style="width:146px" %)11.2|(% style="width:136px" %)10.8|(% style="width:129px" %)40bps 221 -|(% style="width:485px" %)Comparable EBIT margin ~(%)|(% style="width:146px" %)11.6|(% style="width:136px" %)11|(% style="width:129px" %)60bps 222 -|(% style="width:485px" %)Net profit5 (€ m)|(% style="width:146px" %)547.2|(% style="width:136px" %)414.9|(% style="width:129px" %)31.90% 223 -|(% style="width:485px" %)Comparable net profit (€ m)|(% style="width:146px" %)578.1|(% style="width:136px" %)431.4|(% style="width:129px" %)34.00% 224 -|(% style="width:485px" %)Basic earnings per share (EPS) (€)|(% style="width:146px" %)1.499|(% style="width:136px" %)1.14|(% style="width:129px" %)31.50% 225 -|(% style="width:485px" %)Comparable EPS (€)|(% style="width:146px" %)1.584|(% style="width:136px" %)1.185|(% style="width:129px" %)33.70% 226 -|(% style="width:485px" %)Free cash flow3 (€ m)|(% style="width:146px" %)601.3|(% style="width:136px" %)497|(% style="width:129px" %)21.00% 164 +[[image:CCH6.png]] 227 227 166 + 167 + 168 +== Company History == 169 + 170 +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}} 171 + 172 +(% class="info" %)|**Year**|**Milestone** 173 +|1951|AG Leventis establishes the Nigerian Bottling Company in Lagos, Nigeria 174 +|(% rowspan="2" %)1953|Production starts in Ebute-Metta plant, Nigeria 175 +|Opening of Apapa plant in Nigeria 176 +|1961|Second NBC plant in Ibadan commissioned 177 +|1969|Hellenic Bottling Company established in Greece 178 +|1972|NBC listed on the Nigerian Stock Exchange 179 +|1977|Acquisition of Coca-Cola franchises in Ireland & Northern Ireland 180 +|1978|NBC’s Ikeja plant commissioned 181 +|1983|Amita launched in Greece 182 +|1991|Listing on the Athens Stock Exchange 183 +|1992|Hellenic Bottling Company enters Bulgaria 184 +|(% rowspan="2" %)1994|Coca-Cola plant built in Moscow 185 +|Hellenic Bottling Company enters Belarus and Moldova 186 +|1996|Hellenic Bottling Company enters Armenia 187 +|1997|Acquisition of IBP Beograd in Serbia 188 +|1998|Hellenic Bottling Company invests in Pivara Skopje 189 +|(% rowspan="2" %)2000|Merger of Hellenic Bottling Company SA with Coca-Cola Beverages PLC creates Coca-Cola HBC 190 +|Coca-Cola HBC included in the FTSE 4 Good Index 191 +|2001|The comapny acquire the Russian operation from TCCC 192 +|(% rowspan="4" %)2002|The comapny acquire mineral water companies Dorna in Romania, Valser in Switzerland and Römerquelle in Austria 193 +|Distribution center opens in Montenegro 194 +|Coca-Cola HBC listed on the New York Stock Exchange 195 +|The company acquire the operations in the Baltics (Latvia, Lithuania, Estonia) from TCCC 196 +|2003|Distribution center opens in Kosovo 197 +|(% rowspan="3" %)2005|The company open its first energy-efficient combined heat and power (CHP) plant in Hungary 198 +|The company acquire Russian juice producer CJSC Multon and Vlasinka mineral water in Serbia 199 +|Coke Zero launch 200 +|(% rowspan="3" %)2006|Acquisition of Serbian juice producer Fresh & Co 201 +|Coca-Cola HBC enters Cyprus through the acquisition of Lanitis Bros 202 +|Acquisition of Fonti del Vulture mineral water in Italy 203 +|2007|Founding of the PET to PET Recycling Plant in Austria 204 +|(% 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. 205 +|Acquisition of Socib in Italy 206 +|Coca-Cola HBC included in the DJSI for the first time 207 +|(% rowspan="3" %)2011|Opening of Business Service Organization office in Sofia, Bulgaria 208 +|All its plants are certified to ISO 9001 209 +|Acquisition of Kykkos in Cyprus 210 +|2013|Coca-Cola HBC is listed on the premium segment of the London Stock Exchange 211 +|2015|Opening of Business Service Organization office in Nizhny Novgorod, Russia 212 +|(% 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 213 +|Acquisition of Neptunas mineral water in Lithuania 214 +|(% 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. 215 +|Acquisition of MB Impex spirits producer in Serbia, which is the producer of the bitter liqueur Zlatni Pelin and the brandy Zlatna Rakia. 216 +|2018|The company launched FUZETEA, its ready-to-drink tea in 27 of its markets across Europe 217 +|(% rowspan="3" %)2019|The company acquired Bambi, the leading confectionery brand in Serbia 218 +|The company complete the acquisition of Lurisia, the historic premium water and flavoured sparkling business, in Italy 219 +|The company acquire Toma in Czech Republic – a locally relevant water with strong potential for growth 220 +|(% rowspan="3" %)2020|The company achieve Water Stewardship Certification for 52 plants 221 +|The company launch Costa Coffee in the first of its markets 222 +|The company launch Topo Chico Hard Selzer in 5 markets 223 +|2022|The company complete the acquisition of Coca-Cola Bottling Company of Egypt S.A.E. 224 + 228 228 = References = 229 229 230 230 {{putFootnotes/}}