date:Aug 08, 2014
ed. Moreover, the escalation of the geopolitical situation in Russia and Ukraine has affected consumer spending in this region.
Russia is Coca-Cola HBC's largest market by volume. Analysts at Charles Stanley estimate the compounded annual growth rate in the country has been 10pc since 2003, with the flagship Coca-Cola brand seeing growth of more than 54pc since 2008.
Dimitris Lois, the chief executive of Coca-Cola HBC, said: We continue to take action to mitigate the impact of the difficult tr