FOURTH QUARTER AND FULL YEAR HIGHLIGHTS

Q4 Q4 % Q4 2012 before adjustments Q4 2011
before adjustments
%
2012 2011 Change Change
Volume (m unit cases) 477 466 2% 476 465 2%
Net Sales Revenue 1,605 1,524 5% 1,610 1,529 5%
Comparable Cost of Goods Sold 1,050 979 7% 1,054 982 7%
Comparable EBIT 56 72 -22% 53 73 -27%
Comparable Net Profit 22 29 -22% 22 29 -23%
Comparable EPS (€) 0.06 0.08 -25% 0.06 0.08 -25%
Full Year Full Year % Full Year 2012
before adjustments
Full Year  2011             before adjustments %
2012 2011 Change Change
Volume (m unit cases) 2,085 2,087 - 2,081 2,083 -
Net Sales Revenue 7,045 6,824 3% 7,078 6,854 3%
Comparable Cost of Goods Sold 4,518 4,253 6% 4,527 4,257 6%
Comparable EBIT 453 523 -13% 465 541 -14%
Comparable Net Profit 285 326 -12% 287 330 -13%
Comparable EPS (€) 0.78 0.90 -13% 0.79 0.91 -13%

Note : All units in €m except per share data and volume data & volume.  Numbers before adjustments are excluding the impact of the early adopted accounting standards as detailed in page 14 and in note 1 of the condensed consolidated financial statements.

Fourth Quarter 2012 Full Year 2012
  • Volume: Volume grew by 2% in the fourth quarter of 2012. An 8% volume increase in emerging markets and a 1% volume increase in developing markets were partly offset by a 5% volume decline in established markets.
  • Sales: Net sales revenue grew by 5% registering the sixth consecutive quarter where revenue growth exceeded volume growth.
  • Comparable operating profit (EBIT): A combination of higher input costs and operating expenses resulted in a €16 million year on year decrease in comparable operating profit.
  • Volume: Volume was flat in 2012. Emerging markets posted a 4% volume increase that was offset by a 2% volume decline in developing markets and a 5% volume decline in established markets.
  • Sales: Net sales revenue grew by 3%, with currency neutral net sales revenue per case growing 2.2% excluding the impact of Belarus.
  • Comparable operating profit (EBIT): Our revenue growth initiatives more than offset total input cost increases in absolute terms, but were not sufficient to prevent gross margin decline. In addition, unfavourable foreign currency fluctuations and higher operating expenses resulted in a 13% decline in comparable operating profit.
  • Full Year 2012 market shares: We continued to win in the marketplace.We gained or maintained volume share in sparkling beverages in 21 out of 28 markets and value share in the overall non-alcoholic ready to drink beverages category in 23 out of 28 of our markets.
  • Full Year 2012 free cash flow: Working capital improved by €84 million year-on-year and we generated free cash flow of €341 million.

Dimitris Lois, Chief Executive Officer of Coca-Cola Hellenic, commented:

"Our strategy enabled us to grow currency neutral net sales revenue by 2% for the full year. The volume and revenue growth we generated in the third quarter continued in the fourth quarter, with revenue growing faster than volume for the sixth consecutive quarter. In 2012, we maintained our volume overall, despite the very challenging trading conditions in most of our markets throughout the year. In 2012, we were able to strengthen our business further, by expanding our volume and value share in the majority of our markets, while growing Trademark Coca-Cola products by 2%.

We anticipate that in 2013, disposable income will remain under pressure, resulting from continued austerity measures and high unemployment, particularly in our established markets. We will remain focused on delivering on our strategic priorities: further strengthening our leadership position in the marketplace, driving revenue growth ahead of volume, executing our cost optimisation and process efficiency plans, and continuing to generate strong free cash flow.

The voluntary share exchange offer by Coca-Cola HBC AG will facilitate the listing of the Group on the premium segment of the London Stock Exchange which forms part of our ongoing commitment to enhance shareholder value."


Contact Information
Company contact:
Coca-Cola Hellenic
Oya Gur
Investor Relations Director
Tel: +30 210 618 3255
email: oya.gur@cchellenic.com
Panagiotis Vergis
Investor Relations Manager
Tel: +30 210 618 3124
email: panagiotis.vergis@cchellenic.com
Eri Tziveli
Investor Relations Manager
Tel: +30 210 618 3133
email : eri.tziveli@cchellenic.com
International media contact:
RLM Finsbury
Guy Lamming
Charles Chichester
Philip Walters
Charles O' Brien

Tel: +30 210 618 3335 / +44 20 7251 3801
email: guy.lamming@rlmfinsbury.com
email: charles.chichester@rlmfinsbury.com
email: philip.walters@rlmfinsbury.com
email: charles.o'brien@rlmfinsbury.com
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