Coca-Cola Hellenic Bottling Company
Swiss beverage company
Type | Public ( Aktiengesellschaft ) |
---|---|
LSE
:
CCH
Athex : EEE FTSE 100 Component |
|
Founded |
1969 (
Athens
,
Greece
) (as Hellenic Bottling Company S.A.)
2000 (as Coca-Cola Hellenic Bottling Company S.A.) 2013 (as Coca-Cola HBC AG) |
Headquarters | Steinhausen (ZG) , Switzerland [1] |
Key people
|
|
Products | Alcohol-free beverages |
Revenue | € 9.198 billion (2022) [2] |
€ 703.8 million (2022) [2] | |
€ 415.6 million (2022) [2] | |
Owner |
The Kar-Tess Group (23.3%)
The Coca-Cola Company (23.2%) [3] |
Website |
www
|
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]
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 , Romania , 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]
References
- ↑ "Service Depantments Info Lines Contact – Coca-Cola HBC" . coca-colahellenic.com . Retrieved 1 November 2021 .
- 1 2 3 "Preliminary Results 2022" (PDF) . Coca-Cola HBC AG . Retrieved 14 February 2023 .
- ↑ "Coca-Cola Hellenic Bottling Company" . Athex Group . Retrieved 5 March 2023 .
- ↑ "Coca-Cola bottler gains fizz in emerging markets" . The Times . 15 February 2018 . Retrieved 20 March 2018 .
- ↑ "Coca-Cola Hellenic Bottling Company sales volumes pick up" . Financial Times . 15 February 2014 . Retrieved 20 March 2018 .
- 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 .
- ↑ "Sustainability ratings" . coca-colahellenic.com . Retrieved 15 March 2015 .
- ↑ "Coca-Cola bottling firm returns to growth" . The Guardian . 19 February 2016 . Retrieved 20 March 2016 .
- ↑ "Commission clears Merger between Hellenic Bottling Company and Coca-Cola Beverages plc, subject to undertakings" . European Commission. 8 February 2000 . Retrieved 20 March 2016 .
- ↑ Deborah Ball And Nektaria Stamouli (12 October 2012). "Bottler Spills Out of Athens" . Wall Street Journal . Retrieved 15 March 2015 .
- ↑ "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 .
- ↑ "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 .
- ↑ Rhiannon Curry (3 October 2017). "Coca-Cola HBC chief executive dies" . Telegraph.co.uk . Retrieved 2 March 2018 .
- ↑ "Coca Cola HBC appoints Zoran Bogdanovic as new CEO following death of Dimitris Lois" . City A.M. 7 December 2017 . Retrieved 2 March 2018 .
- ↑ 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 .
- ↑ "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 .
- ↑ Scully, Jules (18 February 2019). "Coca-Cola HBC acquires Serbian company Bambi for 260m euros" . foodbev.com . Retrieved 18 February 2019 .
- ↑ Dimitrioski, Zarko (18 February 2019). "Serbian Condiments Producer Sold For €260 Million To Coca-Cola HBC" . forbes.com . Retrieved 18 February 2019 .
- ↑ "Where we Operate" . Coca-Cola HBC AG. Archived from the original on 10 August 2011 . Retrieved 13 September 2013 .
- ↑ "Shareholder structure" . Coca-Cola HBC AG . Retrieved 20 March 2016 .
-
↑
"Coca-Cola будет продавать в РФ напиток под брендом "Добрый кола"
"
.
Interfax.ru
(in Russian)
. Retrieved
2022-08-27
.
{{ cite web }}
: CS1 maint: url-status ( link ) - ↑ DiNapoli, Jessica; Marrow, Alexander; DiNapoli, Jessica (2022-08-27). "Coca-Cola bottler starts making 'Dobry Cola' in Russia" . Reuters . Retrieved 2022-08-27 .
External links
Selected
FTSE/Athex Large Cap
companies of
Greece
(2 July 2017)
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