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Coca-Cola Hellenic Announces 2011 Full Year Results Ended 31 December 2011

        
        (Numbers in EUR million
        except per share data)       Full Year  Full Year
                                       2011        2010    % Change
        Volume (million unit cases)    2,083      2,100       -1%
        Net Sales Revenue              6,854      6,794        1%
        Comparable Cost of goods
        sold                           4,257      4,049        5%
        Comparable EBIT                  541        687      -21%
        Comparable Net Profit            330        453      -27%
        Comparable Basic EPS (EUR)      0.91       1.25      -27%

        
        - Top line: Net sales revenue grew by 1% while volume declined by 1% in
          2011. A volume increase of 2% in developing markets was more than offset by a 3%
          decline in established and a 1% decline in emerging markets.
        - Categories: Sparkling beverages and energy drinks volume increased by 2% and
          29% respectively, in 2011. Volume in the water and juice categories declined by 7% and
          8%, respectively.
        - Brands: Premium sparkling brands grew ahead of total volume, with Coca-Cola
          growing 5%, Coca-Cola Zero growing 7%, and Fanta and Sprite growing 1%, each.
        - Share gains: We gained or maintained volume share in sparkling beverages in 25
          out of 28 markets in 2011.
        - Comparable operating profit: Despite overall volume and net sales revenue
          remaining similar to last year, the continuing adverse impact of commodity costs and
          persisting economic challenges across most of our territories, combined with
          unfavourable country mix and foreign currency impact resulted in a 21% decline in
          comparable EBIT.
        - Free Cash Flow and Capex: We generated free cash flow of EUR438 million in
          2011. We plan to invest cumulative capital expenditure of EUR1.45 billion for the
          2012-2014 period. We expect to generate free cash flow of EUR1.45 billion in the same
          period.

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

"We grew revenue ahead of volume both in the fourth quarter and for the full year 2011. Despite extremely challenging economic conditions in most of our markets, net sales revenue per case grew by 4% on a currency neutral basis in the full year. This result was achieved whilst growing or maintaining our volume share in sparkling beverages in twenty five out of twenty eight markets in 2011.

We expect the economic environment and consumer sentiment to remain weak in 2012. We also anticipate another year of significant input cost pressures. In this environment, we will continue to optimise our operations to reduce our ongoing costs. We remain committed to our revenue growth strategy, and we expect to further improve currency neutral net sales revenue per case while we continue building sustainable leadership in the marketplace.

We will sustain a strong free cash flow generation trend in 2012 through our focus on working capital management and set a competitive cost base through our operating efficiency initiatives."

For more information please visit: http://www.coca-colahellenic.com

SOURCE Coca-Cola Hellenic Bottling Co SA