Coca-​Cola Hellenic talks of continuing poor consumer trend

Coca-​Cola Hellenic told shareholders at a meeting on 18 June that the poor consumer trend seen in the first quarter continued into April and May.

The recession has hit consumer spending for soft drinks around the world, and weakening foreign currencies are also hitting CCH’s profit.

But chief executive, Doros Constantinou, told the annual meeting that the company managed to gain market share in many countries where it operates, despite a challenging environment.

Coca-​Cola Hellenic posted a 3% rise in sales volume in the first quarter thanks to the acquisition of Socib in Italy, which more than offset lower demand for soft drinks.

“Despite tough economic conditions in all our markets, and falling overall consumption in some of them, we’re not losing share,” said Constantinou. “On the contrary – in many of them, our soft drinks share has been improving.”

See also

Latest news

• Circle K renews Xyience Xenergy’s national brand status
• World’s largest collection of liquors to be sold for $8m
• Lindsay Goldberg is new shareholder of Weener Plastik
• Mary J Blige joins forces with Belvedere Vodka
• Coca-​Cola reports strong year