Coca-Cola Hellenic Bottling Company

Last updated
Coca-Cola HBC AG
Company type Public
LSE:  CCH
Athex:  EEE
FTSE 100 Component
Founded1969;55 years ago (1969), in Athens, Greece (as Hellenic Bottling Company S.A.)
2000;24 years ago (2000) (as Coca-Cola Hellenic Bottling Company S.A.)
2013;11 years ago (2013) (as Coca-Cola HBC AG)
Headquarters Steinhausen (ZG), Switzerland [1]
Key people
  • Anastassis G David(chair­person)  OOjs UI icon edit-ltr-progressive.svg
  • Zoran Bogdanović(CEO)  OOjs UI icon edit-ltr-progressive.svg
ProductsAlcohol-free beverages
RevenueIncrease2.svg €10,184.0 million (2023) [2]
Increase2.svg €953.6 million (2023) [2]
Increase2.svg €635.7 million (2023) [2]
OwnerThe Kar-Tess Group (23.3%)
The Coca-Cola Company (23.2%) [3]
Website www.coca-colahellenic.com

Coca-Cola HBC AG also known as Coca-Cola Hellenic Bottling Company [4] [5] or just Coca-Cola Hellenic is the world's third-largest Coca-Cola anchor bottler in terms of volume with sales of more than 2 billion unit cases. Coca-Cola HBC's shares are primarily listed on the London Stock Exchange with a secondary listing on the Athens Stock Exchange. The company is a constituent of the FTSE 100 Index. Coca-Cola HBC has been named the industry leader among beverage companies in the 2014 Dow Jones Sustainability Index [6] and is also included in the FTSE4Good Index. [7]

Contents

History

Hellenic Bottling Company S.A. was incorporated under the laws of Greece in 1969, with headquarters in Athens. The Coca-Cola Company granted to the company its bottling rights in the country in 1969. [8] In August 2000 Hellenic Bottling Company S.A. acquired Coca-Cola Beverages Ltd, the former European operations of Coca-Cola Amatil, and formed Coca-Cola Hellenic Bottling Company S.A. [9]

In October 2012, the company announced that it was moving its operational headquarters to Switzerland and would switch its main market listing to London. This was a major blow to the Athens stock market, as Coca-Cola Hellenic was its largest listed company by value. Reasons for the move included better access to financing and a move away from crisis ridden Greece, which had prompted ratings agencies to downgrade its credit over the summer to three notches above "junk" level. [10]

On 29 April 2013 Coca-Cola HBC AG, now a Swiss holding company, was admitted to the London Stock Exchange’s main market. [11]

On 11 September 2013 Coca-Cola HBC AG announced its inclusion into the FTSE 100 and FTSE All-Share indices. Coca-Cola HBC was named the industry leader among beverage companies in the 2014 Dow Jones Sustainability Index. [6]

On 24 July 2014 Coca-Cola HBC AG announced its delisting of its American depositary receipts (ADRs) from the New York Stock Exchange, the termination of its ADR programme, and the deregistration and termination of its reporting obligations under the U.S. Securities Exchange Act of 1934. [12]

In October 2017 the company's chief executive officer, Dimitris Lois, died after a period of illness. [13] On 7 December 2017, Zoran Bogdanović was appointed as new chief executive officer by the board of directors. [14]

In January 2019, the Coca-Cola HBC announced that its carbonated water brand Valser would use captured carbon from the direct air capture company Climeworks, [15] and in 2021, a Coca-Cola HBC official stated in an interview with The Wall Street Journal that 30 percent of their production was done with captured carbon from Climeworks. [16]

On 18 February 2019, the company announced a deal valued at €260 million to acquire Serbian food company Bambi from Mid Europa Partners. [17] [18]

Operations

Coca-Cola HBC operates in 28 countries in 3 continents; its well established markets include Greece (its headquarters before 2013), Cyprus, Ireland, Austria, Switzerland and Italy, its developing markets include Poland, the Baltic States, Czech Republic, Slovenia, Slovakia, Hungary, and Croatia. Its emerging markets include Bosnia and Herzegovina, Ukraine, Belarus, Montenegro, Armenia, Moldova, North Macedonia, Bulgaria, Serbia, Nigeria and Egypt. [19]

The company's stock is 23.3% owned by the Kar-Tess Holding (a Luxembourg company) and 23.2% by The Coca-Cola Company. The remaining 53.5% are in free float, of which about two-thirds are held by UK and US institutional investors. [20]

Coca-Cola HBC in Russia

On 26 August 2022, it was announced that the Russian division of Coca-Cola HBC would be renamed "Multon Partners". [21] [22] [23]

Related Research Articles

<span class="mw-page-title-main">Coca-Cola</span> Carbonated soft drink

Coca-Cola, or Coke, is a carbonated soft drink with a cola flavor manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries worldwide, with consumers drinking more than 1.8 billion company beverage servings each day. Coca-Cola ranked No. 87 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Based on Interbrand's "best global brand" study of 2020, Coca-Cola was the world's sixth most valuable brand.

<span class="mw-page-title-main">SABMiller</span> Multinational brewing and beverage company

SABMiller plc was a South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by AB InBev. It was the world's second-largest brewer measured by revenues and was also a major bottler of Coca-Cola. Its brands included Foster's, Miller, and Pilsner Urquell. It operated in 80 countries worldwide and in 2009 sold around 21 billion litres of beverages. Since 10 October 2016, SABMiller is a business division of AB InBev, a Belgian multinational corporation with headquarters in Leuven.

<span class="mw-page-title-main">A.G. Barr</span> British soft drink producer

A.G. Barr plc, commonly known as Barr's, is a British soft drink and energy drink manufacturer based in Cumbernauld, North Lanarkshire, Scotland widely known for manufacturing the drink Irn-Bru. It is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">The Coca-Cola Company</span> American multinational beverage corporation

The Coca-Cola Company is an American multinational corporation founded in 1892. It produces Coca-Cola. The drink industry company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. The company's stock is listed on the NYSE and is part of the DJIA and the S&P 500 and S&P 100 indexes.

Coca-Cola Enterprises was a marketer, producer, and distributor of Coca-Cola products. It was formerly the anchor bottler for Western Europe and most of North America.

<span class="mw-page-title-main">Coca-Cola FEMSA</span> Mexican multinational beverage company

Coca-Cola FEMSA, S.A.B. de C.V., known as Coca-Cola FEMSA or KOF, is a Mexican multinational beverage company headquartered in Mexico City, Mexico. It is a subsidiary of FEMSA which owns 47.8% of its stock, with 27.8% held by wholly owned subsidiaries of The Coca-Cola Company and the remaining 25% listed publicly on the Mexican Stock Exchange and the New York Stock Exchange. It is the largest franchise Coca-Cola bottler in the world, the company has operations in Latin America, although its largest and most profitable market is in Mexico.

<span class="mw-page-title-main">Nestea</span> Iced tea brand

Nestea is a Swiss brand of iced tea and pop beverages owned by Nestlé, manufactured by The Coca-Cola Company and distributed by Nestlé's beverage department in the United States and by Beverage Partners Worldwide (BPW), a joint venture between The Coca-Cola Company and Nestlé, in the rest of the world. It competes with Unilever/PepsiCo's Lipton Iced Tea and Fuze Tea. Nestea provides a variety of tea products, including liquid and powdered tea concentrates, refrigeratable teas, and ready-to-drink bottles dispensed by vendor or vending machine. The beverage comes in several flavors, depending on the country.

<span class="mw-page-title-main">Athens Exchange</span> Stock exchange of Greece

The Athens Stock Exchange is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five markets operating in ATHEX: regulated securities market, regulated derivatives market, Alternative market, carbon market and OTC market. In the regulated securities market investors can trade in stocks, bonds, ETFs and other related securities. On the stock exchange 172 stocks are currently traded representing 166 companies.

Deep RiverRock is a brand of water produced by Coca-Cola, bottled in County Antrim and sold throughout the island of Ireland.

<span class="mw-page-title-main">Coca-Cola Consolidated</span> Largest US independent Coca-Cola bottler

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.

<span class="mw-page-title-main">E. Neville Isdell</span>

Edward Neville Isdell is an Irish businessman, former chair and CEO of The Coca-Cola Company and currently president of the WWF.

The FTSE/Athex Large Cap is the stock index of the twenty-five largest companies on the Athens Stock Exchange.

<span class="mw-page-title-main">Frigoglass</span>

Frigoglass is a manufacturer in commercial refrigeration and West Africa's leading glass producer.

<span class="mw-page-title-main">Coca-Cola İçecek</span> Anchor bottler and a part of the Coca-Cola System

Coca-Cola İçecek A.Ş. is an anchor bottler and a part of the Coca-Cola System. It is 50.3% owned by Anadolu Efes, 20.1% owned by The Coca-Cola Company, 3.7% owned by Özgörkey Holding, and the remaining 25.9% publicly traded on the Turkish stock exchanges. It is the 5th largest bottler in the Coca-Cola System in terms of sales volume. The company is headquartered in Istanbul.

Dr Pepper Snapple Group was an American multinational soft drink company based in Plano, Texas. Since July 2018, it is a business unit of the publicly-traded conglomerate Keurig Dr Pepper.

Coca-Cola Beverages Philippines, Inc. is a Philippine-based company engaged in the bottling and distribution of Coca-Cola products in the country. CCBPI is part of the Bottling Investment Group (BIG), The Coca-Cola Company (TCCC)-owned bottling operation intent on building a foundation for long-term success. BIG's operations are primarily focused on markets in Southeast Asia, India, and Southwest Asia, covering 14 countries with 39 plants and 16,500 employees, serving 1.8 billion consumers.

Coca-Cola Beverages Africa is a company that was formed in 2014 from the merger of SABMiller plc, The Coca-Cola Company and Gutsche Family Investments beverage bottling operations in Southern and East Africa.

<span class="mw-page-title-main">Coca-Cola Europacific Partners</span> British multinational bottling company

Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021) is a British-American company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG, and one bottling company in Asia-Pacific: Coca-Cola Amatil. The multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.

Nigerian Bottling Company is a beverage firm that is the franchise bottler of Coca-Cola in Nigeria. The firm has also owned the Nigerian franchise to market Fanta, Sprite, Schweppes, Ginger Ale, Limca, Krest, Parle Soda and Five Alive.

Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the largest convenience store chain in Mexico. It is also a shareholder of Heineken N.V.

References

  1. ↑ "Service Depantments Info Lines Contact – Coca-Cola HBC". coca-colahellenic.com. Retrieved 1 November 2021.
  2. 1 2 3 "Preliminary Results 2023" (PDF). Coca-Cola HBC AG. Retrieved 16 February 2024.
  3. ↑ "Coca-Cola Hellenic Bottling Company". Athex Group. Retrieved 5 March 2023.
  4. ↑ "Coca-Cola bottler gains fizz in emerging markets". The Times . 15 February 2018. Retrieved 20 March 2018.
  5. ↑ "Coca-Cola Hellenic Bottling Company sales volumes pick up" . Financial Times. 15 February 2014. Retrieved 20 March 2018.
  6. 1 2 "Coca-Cola HBC AG named industry leader in the 2014 Dow Jones Sustainability Index". coca-colahellenic.com. Archived from the original on 21 February 2015. Retrieved 15 March 2015.
  7. ↑ "Sustainability ratings". coca-colahellenic.com. Retrieved 15 March 2015.
  8. ↑ "Coca-Cola bottling firm returns to growth". The Guardian. 19 February 2016. Retrieved 20 March 2016.
  9. ↑ "Commission clears Merger between Hellenic Bottling Company and Coca-Cola Beverages plc, subject to undertakings". European Commission. 8 February 2000. Retrieved 20 March 2016.
  10. ↑ Deborah Ball And Nektaria Stamouli (12 October 2012). "Bottler Spills Out of Athens". Wall Street Journal. Retrieved 15 March 2015.
  11. ↑ "Coca-Cola Hellenic lists on London Stock Exchange". London loves business. 29 April 2013. Archived from the original on 5 October 2016. Retrieved 20 March 2016.
  12. ↑ "Coca-Cola HBC AG Intends to delist from the New York Stock Exchange and deregister its shares with the U.S. Securities and Exchange Commission". coca-colahellenic.com. Archived from the original on 27 March 2015. Retrieved 15 March 2015.
  13. ↑ Rhiannon Curry (3 October 2017). "Coca-Cola HBC chief executive dies". Telegraph.co.uk. Retrieved 2 March 2018.
  14. ↑ "Coca Cola HBC appoints Zoran Bogdanovic as new CEO following death of Dimitris Lois". City A.M. 7 December 2017. Retrieved 2 March 2018.
  15. ↑ Kotecki, Peter (January 15, 2019). "A Coca Cola-owned brand will sell sparkling water made with carbon dioxide captured from the atmosphere". Business Insider . Axel Springer SE . Retrieved November 27, 2022.
  16. ↑ "Coca-Cola's and Microsoft's Latest Gamble: A Giant CO2 Vacuum Cleaner". The Wall Street Journal. News Corp. August 31, 2021. Retrieved November 27, 2022.
  17. ↑ Scully, Jules (18 February 2019). "Coca-Cola HBC acquires Serbian company Bambi for 260m euros". foodbev.com. Retrieved 18 February 2019.
  18. ↑ Dimitrioski, Zarko (18 February 2019). "Serbian Condiments Producer Sold For €260 Million To Coca-Cola HBC". forbes.com. Retrieved 18 February 2019.
  19. ↑ "Where we Operate". Coca-Cola HBC AG. Archived from the original on 10 August 2011. Retrieved 13 September 2013.
  20. ↑ "Shareholder structure". Coca-Cola HBC AG. Retrieved 20 March 2016.
  21. ↑ "Coca-Cola будет продавать в РФ напиток под брендом "Добрый кола"". Interfax.ru (in Russian). Retrieved 2022-08-27.
  22. ↑ DiNapoli, Jessica; Marrow, Alexander; DiNapoli, Jessica (2022-08-27). "Coca-Cola bottler starts making 'Dobry Cola' in Russia". Reuters. Retrieved 2022-08-27.
  23. ↑ "Coca - cola suspend Russia business".
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.