Coca-Cola Hellenic Bottling Company S.A. Affirms Full Year 2003 Financial Outlook and Gives Country Update.Business Editors ATHENS, Greece--(BUSINESS WIRE)--Sept. 22, 2003 Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) will today reaffirm full year guidance, as updated in its H1 2003 results. The following points will be reiterated during a meeting that the Company is hosting for analysts and investors in Russia: Volume growth for the full year is expected to be in the lower half of the 7%-9% range, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become growth is expected to be in the upper half of the 11%-13% range, EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). is expected to grow by 30%-35%, net profit is expected to be in the range of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 90-100 million and ROIC is expected to grow by approximately 150 basis points to 6.6%. Senior group and regional management will deliver a presentation updating analysts and investors on the Company's current performance and full year expectations for its operations in the Russian market. For the full year 2003, volume is expected to grow by approximately 10%, and sales revenue is expected to grow by high double digit. Coca-Cola HBC will also reaffirm that Russia is expected to be EBIT and net profit positive for the full year 2003. Coca-Cola HBC will also update analysts and investors on progress and expectations for the key Italian and Polish markets. 2003 September Year-to-date and full year 2003 volume in Italy is expected to grow by 6%. 2003 September Year-to-date and full year 2003 volume in Poland is expected to grow by 10%. Copies of the presentation will be available at www.coca-colahbc.com. Coca-Cola HBC is one of the world's largest bottlers of products of The Coca-Cola Company and has operations in 26 countries serving a population of more than 500 million people. CCHBC shares are listed on the Athens Stock Exchange Athens Stock Exchange Greece's only major securities market. Greek language only. Athens Stock Exchange (ASE) Greece's principal stock exchange. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :EEEK), with secondary listings on the London (LSE:CCB) and Australian (ASX:CHB) Stock Exchanges. CCHBC's American Depositary Receipts (ADRs) are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange :CCH). Coca-Cola HBC's website is located at www.coca-colahbc.com. |
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