Coca-Cola Hellenic Bottling Company

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Coca-Cola HBC
public
Traded asLSECCH
AthexEEE
FTSE 100 Component
Founded1969 (Athens, Greece) (as Hellenic Bottling Company S.A.)
2000 (as Coca-Cola Hellenic Bottling Company S.A.)
2013 (as Coca-Cola HBC AG)
HeadquartersZug, Switzerland[1]
Key people
Anastasios G. David (Chairman)
Zoran Bogdanovic (CEO)
ProductsAlcohol Free Beverages
Revenue6.522 billion (2017)[2]
589.8 million (2017)[2]
426.5 million (2017)[2]
OwnerLeventis-David Group (23%)
The Coca-Cola Company (22.9%)[3]
Number of employees
31,083 (2016)[4]
Websitewww.coca-colahellenic.com

Coca-Cola HBC A.G. also known as Coca-Cola Hellenic Bottling Company[5][6] or just Coca-Cola Hellenic is the world's second-largest Coca-Cola anchor bottler in terms of volume with sales of more than 2 billion unit cases. Coca-Cola HBC‘s shares are 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 (DJSI)[7] and is also included in the FTSE4Good Index.[8]

History[edit]

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.[9] 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.[10]

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.[11]

On 29 April 2013 Coca-Cola HBC AG (“CCHBC AG”), the new Swiss holding company, was admitted to the London Stock Exchange’s main market.[12]

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.[7]

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.[13]

In October 2017 the company's CEO, Dimitris Lois, died after a period of illness.[14]

On December 7 2017, a new CEO, Zoran Bogdanovic was appointed by the Board of Directors.[15]

Operations[edit]

Coca-Cola HBC operates in 28 countries in 3 continents; its well established markets include Greece, 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 Russia, Bosnia and Herzegovina, Ukraine, Belarus, Romania, Montenegro, Armenia, Moldova, the Republic of Macedonia, Bulgaria, Serbia, Kosovo, and Nigeria.[16]

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.[17]

References[edit]

  1. ^ "Service Depantments Info Lines Contact - Coca-Cola HBC". coca-colahellenic.com. Retrieved 15 March 2015.
  2. ^ a b c "Preliminary Results 2017" (PDF). Coca-Cola HBC AG. Retrieved 2 March 2018.
  3. ^ https://www.marketscreener.com/COCA-COLA-HBC-AG-ADR-17153486/company/
  4. ^ "Annual Report 2016" (PDF). Coca-Cola HBC AG. Retrieved 2017-04-02.
  5. ^ "Coca-Cola bottler gains fizz in emerging markets". The Times. 15 February 2018. Retrieved 20 March 2018.
  6. ^ "Coca-Cola Hellenic Bottling Company sales volumes pick up". Financial Times. 15 February 2014. Retrieved 20 March 2018.
  7. ^ a b "Coca-Cola HBC AG named industry leader in the 2014 Dow Jones Sustainability Index". coca-colahellenic.com. Retrieved 15 March 2015.
  8. ^ "Sustainability ratings". coca-colahellenic.com. Retrieved 15 March 2015.
  9. ^ "Coca-Cola bottling firm returns to growth". The Guardian. 19 February 2016. Retrieved 20 March 2016.
  10. ^ "Commission clears Merger between Hellenic Bottling Company and Coca-Cola Beverages plc, subject to undertakings". European Commission. 8 February 2000. Retrieved 20 March 2016.
  11. ^ Deborah Ball And Nektaria Stamouli (12 October 2012). "Bottler Spills Out of Athens". Wall Street Journal. Retrieved 15 March 2015.
  12. ^ "Coca-Cola Hellenic lists on London Stock Exchange". London loves business. 29 April 2013. Retrieved 20 March 2016.
  13. ^ "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. Retrieved 15 March 2015.
  14. ^ Rhiannon Curry (2017-10-03). "Coca-Cola HBC chief executive dies". Telegraph.co.uk. Retrieved 2018-03-02.
  15. ^ "Coca Cola HBC appoints Zoran Bogdanovic as new CEO following death of Dimitris Lois | City A.M". City A.M. 2017-12-07. Retrieved 2018-03-02.
  16. ^ "Where we Operate". Coca-Cola HBC AG. Retrieved 2013-09-13.
  17. ^ "Shareholder structure". Coca-Cola HBC AG. Retrieved 20 March 2016.

External links[edit]