Categorized | Announcements, News, Non-Alcoholic

Coca-Cola Hellenic announces first quarter 2010 results


Coca-Cola Hellenic achieved free cash flow of 65 million (£56.4 million) in the first quarter of 2010, which is an increase of 56 million (£48.6 million) compared to the same period of last year.

The company sold 431 million unit cases of its beverage products, which is two per cent less than the volume sold the first quarter of 2009.

Net sales revenue of 1.4 billion (£1.2 billion) was achieved, which is stable compared to last year.

The company also achieved an operating profit  of 52 million (£45.1 million), which is 26 per cent more than the same quarter last year.

Doros Constantinou, chief executive officer of Coca-Cola Hellenic, said: “We improved profitability in the quarter, primarily reflecting the benefit from earlier cost cutting programmes and the favourable effect of currency movements.”

Earlier this week, Coca-Cola Enterprises announced that it achieved a net income of $106 million (£69 million), or 21 cents per diluted common share, in the first quarter of 2010.

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