FULL YEAR HIGHLIGHTS

FOURTH QUARTER  HIGHLIGHTS

  • Free cash outflow of €94 million for the last quarter of 2010, compared to the free cash inflow of €27 million in the prior year period.
  • Volume of 481 million unit cases, 6% above the fourth quarter of 2009. Net sales revenue of €1,495 million, 7% above the prior year period.
  • On a comparable basis, operating profit (EBIT) of €61 million, 1% above the prior year period.
  • On a comparable basis, net profit of €33 million, compared to €6 million in the prior year period, and earnings per share of €0.09, compared to €0.01 in the prior year period.
    Note: For the definition of comparable basis and EBIT refer to “Reconciliation of Reported to Comparable Financial Indicators” below.

Doros Constantinou,  Chief Executive Officer of Coca‑Cola Hellenic, commented: "We are pleased to report that  Coca‑Cola Hellenic delivered a solid performance in 2010, despite the  persistent macro economic challenges across our geography. We continued to win  in the marketplace, improve operating efficiency and maintain our strong cash  flow generation. At the same time Coca‑Cola Hellenic’s geographic diversity  enabled us to deliver a strong set of results.

Looking to the current year, we are  encouraged that some of our key countries are exhibiting signs of economic  improvement. However, we remain cautious as other key countries are continuing  to endure economic challenges, and we are facing industry wide pressure on  commodity prices. As we manage the business for the long-term we will be  increasing our net capital expenditure to €1.5 billion for 2011 – 2013. At the  same time, we remain focused on improving the efficiency of our business, and  strengthening the ways in which we serve our customers. We are confident that  we will continue to generate significant cash flow and are raising our  three-year rolling free cash flow target to approximately €1.6 billion for  2011-2013. "