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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Coca-Cola HBC AG    CCH   CH0198251305

COCA-COLA HBC AG

(CCH)
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Coca Cola HBC : Appointment of Chief Financial Officer

10/21/2020 | 12:05pm EST

Coca-Cola HBC AG

Appointment of Chief Financial Officer

Zug, Switzerland - 21 October 2020- Following the announcement on 18 June 2020 that Michalis Imellos will step down from the role as Group Chief Financial Officer at the end of the first quarter of 2021, Coca-Cola HBC AG ('Coca-Cola HBC' or the 'Company') today announced that Ben Almanzar will join the Company in the first quarter of 2021 and will be appointed Group Chief Financial Officer with effect from 1 April 2021.

Ben Almanzar has a proven track record and broad experience gained from senior financial positions in the global FMCG industry. He spent the past ten years with Mars Incorporated, including as Regional CFO, Europe & Southern Africa and most recently as Vice President, Financial Planning, Analytics and Financial Strategy. Prior to joining Mars, Ben spent ten years with Nestlé in a variety of finance roles in Europe.

Zoran Bogdanovic, CEO of Coca-Cola HBC said: 'I am very pleased to welcome Ben to Coca-Cola HBC. His strong strategic, leadership, financial and operational skills combined with his passion for talent development make him an excellent fit with us. I am looking forward to working alongside Ben as we lead our business to deliver sustainable growth.'

As Group Chief Financial Officer, Ben will be based at the Company's head office in Zug, Switzerland and will lead Coca-Cola HBC's finance organisation with group-wide responsibility for accounting, treasury, financial planning, tax and investor relations.

Ben, a national of the Dominican Republic and the UK, holds a Bachelor's Degree from the Santo Domingo Institute of Technology and an MBA from the Rotterdam School of Management.

Enquiries

Coca‑Cola HBC Group

Investors and Analysts:

Joanna Kennedy

Investor Relations Director

Tel: +44 20 37 444 230

joanna.kennedy@cchellenic.com

Carla Fabiano

Investor Relations Manager

Tel: +44 20 37 444 231

carla.fabiano@cchellenic.com

Vasso Aliferi

Investor Relations Manager

Tel: +41 79 610 78 81

vasso.aliferi@cchellenic.com

Media:

David Hart

Group Communication Director

Tel: +41 41 726 0143

david.hart@cchellenic.com

About Coca‑Cola HBC

Coca-Cola HBC is a growth-focused CPG business and strategic bottling partner of The Coca-Cola Company. We create value for all our stakeholders by supporting the socio-economic development of the societies in which we operate and we believe building a more positive environmental impact is integral to our future growth. Together, we and our customers serve more than 600 million consumers across a broad geographic footprint of 28 countries on 3 continents. Our portfolio is one of the strongest, broadest and most flexible in the beverage industry, offering consumer-leading partner brands in the sparkling, juice, water, sport, energy, plant-based, ready-to-drink tea, coffee, adult sparkling and premium spirits categories. These brands include Coca-Cola, Coca-Cola Zero, Schweppes, Kinley, Royal Bliss, Costa Coffee, Valser, Romerquelle, Fanta, Sprite, Powerade, FuzeTea, Dobry, Cappy, Monster and Adez. We foster an open and inclusive work environment amongst our more than 28,000 employees and we are ranked among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good.

Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE:CCH) and is listed on the Athens Exchange (ATHEX:EEE). For more information, please visit http://www.coca-colahellenic.com.

Disclaimer

Coca-Cola HBC AG published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 16:04:02 UTC

10/21/2020 | 12:05pm EST
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Financials
Sales 2020 6 134 M 7 269 M 7 269 M
Net income 2020 389 M 461 M 461 M
Net Debt 2020 1 951 M 2 312 M 2 312 M
P/E ratio 2020 22,6x
Yield 2020 2,00%
Capitalization 9 124 M 10 830 M 10 813 M
EV / Sales 2020 1,81x
EV / Sales 2021 1,63x
Nbr of Employees 28 000
Free-Float 52,1%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 16
Average target price 28,48 €
Last Close Price 25,05 €
Spread / Highest target 29,9%
Spread / Average Target 13,7%
Spread / Lowest Target -5,94%
EPS Revisions
Managers
NameTitle
Zoran Bogdanovic Chief Executive Officer & Executive Director
Anastassis Georgiou David Non-Executive Chairman
Naya Kalogeraki Chief Operating Officer
Michalis Imellos Chief Financial Officer
Anastasios Ioannis Leventis Non-Executive Director
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