Full year highlights
Q4 highlights
Doros Constantinou, chief executive officer of Coca-Cola Hellenic, commented:?”We are pleased to report that Coca-Cola Hellenic delivered a solid performance in 2010, despite the persistent macro economic challenges across our geography. We continued to win in the marketplace, improve operating efficiency and maintain our strong cash flow generation. At the same time Coca-Cola Hellenic’s geographic diversity enabled us to deliver a strong set of results.
“Looking to the current year, we are encouraged that some of our key countries are exhibiting signs of economic improvement. However, we remain cautious as other key countries are continuing to endure economic challenges, and we are facing industry wide pressure on commodity prices. As we manage the business for the long-term we will be increasing our net capital expenditure to €1.5 billion for 2011 – 2013. At the same time, we remain focused on improving the efficiency of our business, and strengthening the ways in which we serve our customers. We are confident that we will continue to generate significant cash flow and are raising our three-year rolling free cash flow target to approximately €1.6 billion for 2011-2013.”
Source: Coca-Cola Hellenic
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