Coca-Cola Hellenic

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Coca-Cola Hellenic Bottling Company S.A.
Coca-Cola Ελληνική Εταιρεία Εμφιαλώσεως A.E.
Type Anonymi Etairia
Traded as Athex: EEEK, LSE: CCB, NYSE: CCH
Founded 1969 (as Hellenic Bottling Company S.A.)
2000
Headquarters Marousi, Athens, Greece
Key people Dimitris Lois (CEO), George A. David (Chairman)
Products Soft drinks
Revenue €6.794 billion (2010)[1]
Operating income €645.0 million (2010)[1]
Profit €423.2 million (2010)[1]
Total assets €7.231 billion (end 2010)[1]
Total equity €3.096 billion (end 2010)[1]
Employees 42,505 (FTE, average 2010)[1]
Website www.coca-colahellenic.com

Coca-Cola Hellenic Bottling Company S.A. (Greek: Coca-Cola Ελληνική Εταιρεία Εμφιαλώσεως Α.Ε.) is the world's second-largest Coca-Cola anchor bottler. It is the bottler in 28 countries, its well established markets include Greece, Cyprus,[2] the Republic of Ireland, Northern Ireland, Austria, Switzerland and Italy, its developing markets include Poland, the Baltic States, Czech Republic, Slovenia, Slovakia, Hungary and Croatia. Its emerging markets include Russia, Ukraine, Belarus, Romania, Montenegro, Armenia, Bulgaria, Serbia, Bosnia and Herzegovina, Nigeria.[3][4]

Coca-Cola Hellenic was created in August 2000 with the merger of the Athens-based Hellenic Bottling Company S.A. with Coca-Cola Beverages plc, which had spun off from Coca-Cola Amatil in 1998.

Coca-Cola Hellenic's product line includes carbonated (CSD) and non-carbonated (non-CSD) soft drinks, juices, water, sports and energy drinks, and ready-to-drink beverages such as teas and coffees.

The company's stock is 23% owned by the Kar-Tess group, a subsidiary of the Greek David Group (Όμιλος Δαυίδ), 23% by the Coca-Cola Company and the remaining 54% interest trades on the Athens, London, and New York stock exchanges.[5]

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.[6]

Subsidiaries [edit]

  • Lanitis Bros Ltd. (Cyprus)
  • Coca-Cola HBC Italia S.r.l. (the southern Italian mainland and Sardinia only, formerly Coca-Cola Bevande Italia S.p.A. and SoCIB S.p.A.)
  • Coca-Cola HBC Schweiz AG (incorporating Valser Mineralquellen AG)
  • Coca-Cola HBC Austria GmbH (incorporating Römerquelle GmbH)
  • Coca-Cola HBC Northern Ireland Ltd. (formerly the Ulster Iced Drinks Co. and, later, Coca-Cola Bottlers Ulster Ltd.)
  • Coca-Cola HBC Ireland Ltd. (formerly the Coca-Cola Bottling Co. Dublin Ltd.)
  • Nigerian Bottling Company Plc
  • Coca-Cola HBC Armenia CJSC
  • Coca-Cola HBC Bulgaria AD
  • Coca-Cola HBC Switzerland Ltd
  • Coca-Cola HBC Srbija A.D.
  • AS Coca-Cola HBC Eesti

References [edit]

  1. ^ a b c d e f "Annual Report 2010". Coca-Cola HBC. Retrieved 5 May 2011. 
  2. ^ http://en.coca-colahellenic.com.cy/
  3. ^ http://www.coca-colahellenic.com/Interactivemap/
  4. ^ http://www.nigerianbottlingcompanyplc.com/nbc/index.php?id=5
  5. ^ Shareholder Structure
  6. ^ The Wall Street Journal, "Bottler Spills Out of Athens," Accessed October 12, 2012

External links [edit]
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