COCA-COLA IÇECEK ANONIM SIRKETI Istanbul, 13 January 2016 - Coca-Cola Icecek (BIST: CCOLA.IS) today announced:
Consolidated sales volume was up by 1.9% to 1,152 mn uc in 2015, while in 4Q15 volume growth was 7.7%.
Turkey sales volume made up 51% of total volume in 2015, while the share of international sales volume was 49%.
Volume (mn uc) 4Q15 4Q14 4Q15/4Q14 ∆ 2015 2014 2015/2014 ∆ | ||||
Consolidated | 213 198 | 7.7% | 1152 1131 | 1.9% |
Turkey Int'l | 116 98 97 100 | 18.6% (2.8%) | 593 578 559 553 | 2.6% 1.1% |
Turkey sales volume gradually improved in 2015 in line with our expectations. Accordingly, Turkey sales volume was up by 2.6% to 593 mn uc in 2015.
Successful consumer promotions had a positive impact on volume in 4Q15. Improved consumer sentiment and favorable weather conditions in the most part of the quarter also contributed to 18.6% volume growth in 4Q15.
In 2015, the number of transactions increased ahead of uc volume with 6.4%, as the transition towards immediate consumption (IC) packages continued. Both uc volume figures and transactions increased in the last quarter of 2015.
Sparkling category remained almost flat in 2015, following 13.7% growth in 4Q15. The transactions grew by 25% and 5%, respectively in 4Q15 and FY15, outpacing uc volume growth. Among the brands, Coca-Cola Zero outperformed the overall sparkling category with 17.0% growth.
Still beverages, including water, grew by 10.4% in 2015, driven by double digit volume growth of the water category.
Non-ready-to-drink (NRTD) tea category delivered 3.0% growth in 2015, cycling 11.8% growth in 2014.
International Sales VolumeInternational operations' volume was up by 1.1% to 559 mn uc in 2015, cycling a strong growth of 14.2% in 2014. In the last quarter, volume contracted by 2.8%, which was mainly attributable to lower volumes in Pakistan and Central Asia.
In Pakistan, volume was up by 6.1%, cycling 16.5% growth in 2014. All categories posted volume growth in 2015. However, volume was down by 3.4% in 4Q15, mainly because of rationalized discounts vs. competition, supporting profitability.
Central Asia volume was down by 4.5% in 2015, cycling 16.0% growth in 2014. Kazakhstan, CCI's largest market in the region, registered 12.4% and 4.0% volume contraction in 4Q15 and 2015 respectively, reflecting the adverse impact of the currency devaluations. Albeit having a smaller share in total volume, Azerbaijan also had an adverse impact on Central Asia volume performance, given its double digit contraction due to severe effects of devaluation. On the other hand, CCI is estimated to increase its market share across Central Asia in 2015.
Across Middle East, volume remained almost flat in 2015. North Iraq performed better than planned in 4Q15 while having mid-single digit contraction in 2015 due to different base in 1H14. South Iraq delivered mid-single digit growth in 4Q15, driven by sparkling category albeit a slight contraction in 2015 due to water category's high base in 2014. Jordan, a relatively smaller market for CCI, posted low-teens growth in 2015 thanks to successful new pack introductions and market share gains.
Enquiries | |
Investor Contact: | |
Cigdem Gures Erden Treasury and Investor Relations Director | Tel:+90 216 528 4490 email: cigdem.gures@cci.com.tr |
Dr. Deniz Can Yücel Head of Investor Relations | Tel:+90 216 528 3386 email: deniz.yucel@cci.com.tr |
Dr. Nebahat Rodoplu Investor Relations Executive | Tel:+90 216 528 3392 email: nebahat.rodoplu@cci.com.tr |
Özge Taşkeli Investor Relations Executive | Tel:+90 216 528 4382 email: ozge.taskeli@cci.com.tr |
Media Contact: | |
Burçak Akçay Turkeri Corporate Affairs Manager | Tel:+90 216 528 3351 email: burcak.turkeri@cci.com.tr |
Coca-Cola İçecek (CCI) is the fifth-largest bottler in the Coca-Cola System in terms of sales volume. CCI produces, distributes and sells sparkling and still beverages of The Coca-Cola Company (TCCC) across Turkey, Pakistan, Kazakhstan, Azerbaijan, Kyrgyzstan, Turkmenistan, Jordan, Iraq, Syria and Tajikistan.
CCI employs over 10,000 people and has a total of 25 plants, offering a wide range of beverages to a consumer base of more than 370 million people. In addition to sparkling beverages, the product portfolio includes juices, waters, sports and energy drinks, teas and iced teas.
CCI's shares are traded on Borsa Istanbul (BIST) under "CCOLA.IS", American depositary receipts (ADR) are traded over the counter in the United States under "COLAY", Eurobond is traded on Irish Stock Exchange under "CCOLAT" tickers.
Coca-Cola Içecek AS issued this content on 2016-01-13 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-13 16:38:18 UTC
Original Document: http://www.cci.com.tr/UserFiles/Special_CaseOzel_Durum/2016/CCI_FY15_Volume_Announcement.pdf
