Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Coca-Cola Hellenic's Ukrainian operations add to losses

Coca-Cola HBC, the worlds No 2 bottler of Coca-Cola Co drinks, posted a bigger-than-expected quarterly loss, hurt by currency losses mainly in its Ukrainian operations.

The bottler reported a net loss of 35.8 million euros in the first three months of the year, excluding restructuring and other one-off items, versus analysts average forecast of a 17-million-euro loss in a Reuters poll.

The sharp devaluation in the Ukrainian hryvnia against the euro due to political tensions in the country hurt CCHBCs results and the group warned foreign exchange losses for the full year would be higher than initially expected.

The bottler said currency losses would be around 90-100 million euros this year versus the 51-70 million euros projected in February, but it was taking action including extra cost cutting in Ukraine and Russia to mitigate the impact.

CCHBC reiterated its guidance for free cash flow of about 1.3 billion euros in the 2013-15 period.

[Reuters]

ekathimerini.com , Friday May 16, 2014 (21:06)  
NBG Pangaea eyes listing on foreign bourse, huge portfolio
Out-of-control unpaid bills bring PPC to its knees
Banks feel optimistic ahead of stress test results
S&P upgrades OTEs credit rating and revises outlook
Thessaloniki transport gets more expensive
October began with more expensive public transportation for the residents of the northern port city of Thessaloniki, as the OATH transit authority introduces fare hikes in a bid to boost rev...
Smallpox decimates sheep stocks in northern Greece
An outbreak of smallpox has decimated sheep stocks in the northern Greece prefecture of Evros, with livestock farmers estimating their losses at a total of some 8 million euros. According to...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Thessaloniki transport gets more expensive
2. Smallpox decimates sheep stocks in northern Greece
3. Air-raid sirens to go off all over Greece at 11 a.m. in drill
4. NBG Pangaea eyes listing on foreign bourse, huge portfolio
5. Out-of-control unpaid bills bring PPC to its knees
6. Banks feel optimistic ahead of stress test results
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Bending the rules
3. Truth before the battle
4. Smallpox decimates sheep stocks in northern Greece
5. Thessaloniki transport gets more expensive
6. Next-day jitters
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.