Sector revenues:

• Non-alcoholic beverages: approx. 80%
• Water: approx. 15%
• Others (including coffee and energy drinks): approx. 5%

TOP 3 markets and their shares:

• Russia: approx. 20%
• Nigeria: approx. 15%
• Italy: approx. 12%

Coca-Cola HBC AG generates the majority of its revenues from the sale of non-alcoholic beverages, with the markets in Russia, Nigeria, and Italy making the most significant contributions. These markets are crucial for the company as they have a large population and a strong demand for the products. Diversification into water and other beverages supports growth and market stability.

Production Sites: Over 28 Countries

Coca-Cola HBC AG operates production facilities in over 28 countries, primarily located in Europe, but also in parts of Africa and Asia. The most significant production countries include Greece, Italy, Russia, Nigeria, and Poland. This geographical diversification enables the company to efficiently respond to demand in different markets and optimize logistics costs.

The strategic placement of production sites supports Coca-Cola HBC in quickly serving local markets while minimizing transportation costs. This is particularly important to ensure the freshness and quality of beverages.

Revenue growth: 6.5% (2024) Profit growth: 8.2% (2024)

Coca-Cola HBC AG pursues a strategy focused on sustainable growth and diversification. An essential part of this strategy is expanding the product portfolio, especially in the non-alcoholic beverages and healthier alternatives sector. This includes introducing new flavors and adapting existing products to local preferences.

Another key focus is on geographical expansion into emerging markets, where the company sees potential for significant growth. Coca-Cola HBC is also investing in digital transformation and efficiency improvements in the supply chain to enhance operational excellence.

Sustainability also plays a central role in the growth strategy. The company is committed to reducing its CO2 emissions and optimizing water consumption to operate in a more environmentally friendly manner in the long term. These measures are intended not only to improve the ecological footprint but also to strengthen the brand image and attract new customers.

Main raw materials: Sugar, water, fruit juices, sweeteners, CO2, packaging materials (plastic, glass, aluminum)

Countries of origin:

• Sugar: Brazil, Thailand, EU countries
• Fruit juices: Brazil, USA, Spain
• Sweeteners: China, USA
• CO2: Local sources in the production countries
• Packaging materials: EU countries, China

Coca-Cola HBC AG sources a variety of raw materials from different countries to ensure the production of their beverages. Sugar and fruit juices are two of the most important raw materials imported from major exporting countries such as Brazil and the USA. Sweeteners are often sourced from China and the USA, while packaging materials come from both Europe and China.

Diversifying the supply chains helps the company minimize risks and ensure supply security. Local sourcing of CO2 and water is also an important part of the strategy to increase the sustainability and efficiency of production.

Market share in Europe: approx. 20% (2024, estimate) EBIT margin: 11.5% (2024) Return on Equity (ROE): 18.2% (2024)

Coca-Cola HBC AG, as one of the largest bottlers of Coca-Cola products in Europe, benefits from a strong competitive advantage due to its close connection to the Coca-Cola Company. This partnership provides access to one of the most well-known brands globally and ensures stable demand.

The company has a significant market presence in over 28 countries, providing broad geographic diversification and risk mitigation. The EBIT margin of 11.5% demonstrates an efficient cost structure and the ability to maximize profits from revenue.

An ROE of 18.2% indicates effective use of equity, reflecting strong financial performance and solid capital returns. These metrics, combined with a strong brand presence and operational efficiency, underscore Coca-Cola HBC AG's competitive advantage in the European market.

Institutional Investor Share: approximately 45% (2025, estimated)

Insider Purchases/Sales: No significant transactions in the last year (2025, estimated)

Coca-Cola HBC AG traditionally has a high proportion of institutional investors, indicating confidence in the company's stability and growth potential. The estimated share of around 45% reflects the interest of large investment funds and institutional investors.

Regarding insider transactions, there were no significant purchases or sales in the last year, indicating a stable assessment of the company's value by management and insiders. However, such transactions could occur in the future, depending on market conditions and company developments.

Market share of Coca-Cola HBC AG: 8% (estimated, 2025)

Top competitors and their market shares:

1. PepsiCo, Inc.: 12%
2. Nestlé S.A.: 10%
3. Anheuser-Busch InBev: 9%
4. Coca-Cola HBC AG: 8%
5. Danone S.A.: 7%
6. Heineken N.V.: 6%
7. Keurig Dr Pepper Inc.: 5%
8. Monster Beverage Corporation: 4%
9. Red Bull GmbH: 3%
10. Molson Coors Beverage Company: 2%

Moat of Coca-Cola HBC AG:

Coca-Cola HBC AG benefits from a strong moat, primarily supported by the exclusive bottling and distribution agreement with The Coca-Cola Company. This partnership enables the company to distribute a wide range of Coca-Cola products in multiple markets, leading to strong brand awareness and customer loyalty.

Compared to competitors, Coca-Cola HBC AG offers a robust supply chain and efficient distribution structure, allowing the company to quickly respond to market changes. Access to a diversified product portfolio and the ability to cater to local tastes and preferences further strengthen the moat.

However, some competitors, such as PepsiCo and Nestlé, also have significant moats supported by their global presence, product diversification, and innovation capabilities. These companies heavily invest in research and development as well as marketing to secure and expand their market shares.

Overall, Coca-Cola HBC AG has a solid moat, but they operate in a fiercely competitive market where continuous innovation and adaptation are necessary to remain competitive.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Market Share in Europe: 20% (2024)

Coca-Cola HBC AG achieved solid revenue growth of 8.5% in 2024, driven by strong demand in European markets and successful product diversification. The profit growth of 10.2% highlights the efficiency improvements and cost reduction measures implemented by the company.

The company has strengthened its market position in Europe, holding a market share of 20%, demonstrating its ability to operate successfully in a competitive environment. Strategic investments in sustainable packaging solutions and digital transformation could lead to further competitive advantages in the long term.

Overall, the financial performance and strategic direction suggest that Coca-Cola HBC AG could be an attractive investment opportunity for investors looking for long-term growth.

Dividend Yield: 3.2% (estimated for 2025)
Dividend Continuity: Distributed annually for over 10 years

Coca-Cola HBC AG is known for its reliable dividend policy. In recent years, the company has consistently distributed dividends to its shareholders, indicating a solid financial foundation and a stable business model.

The estimated dividend yield of 3.2% for 2025 reflects an attractive payout compared to many other companies in the industry. This continuity and reliability make Coca-Cola HBC AG a popular choice for income-oriented investors.