Coca-Cola İçecek CEO Michael A. O’Neill stated that CCİ sustained it’s investments and consistent growth by the first half of 2010. O’Neill declared that company sales volume increased by 9.9% reaching 302.9 million unit cases, net sales amounted to TL 1,256 million, up by 6.1% and excluding net other operating items EBIT was up by 6.7% to TL 128.9 million.
Minister of State Zafer Çağlayan visited Coca-Cola İçecek’s plant in Baku, which is one of the largest Turkish investments in Azerbaijan. Çağlayan participated in the launch ceremony of a new product.
Coca-Cola İçecek Turkey Region President Burak Başarır, who evaluated the crisis and its aftermath, indicated the positive future of both Coca-Cola İçecek and the Agriculture and Food sector. Başarır, who presented important messages regarding the environment, stated that, “We produce more each year by consuming fewer resources”.
The new capacity investment of Coca-Cola Icecek’s Lahore Plant was inaugurated by Coca-Cola Icecek Chairman Tuncay Ozilhan and Governor of Punjab Mian Shabaz Sharif.
Coca-Cola İçecek CEO Michael A. O’Neill commented on the 1Q 2010 results and stated that a good start to the year boosted their confidence and encouraged optimism for the rest of the year. O’Neill declared that in the first quarter CCI increased group sales volume by 8.6% to 113 million unit cases, group net sales by 1.3% to TL 445 million and EBITDA by 12.9% to TL 53.3 million.
Coca-Cola İçecek increased sales and profit despite the economic crisis Coca-Cola İçecek increased group sales volume by 10% to 587 million unit cases despite the global economic crisis in 2009.
Industry leaders, suppliers, customers and analysts got together at the 6th Innobev Global Soft Drinks Congress in Istanbul to gain a complete overview of the latest trends and developments in the sector. Coca-Cola İçecek CEO Michael A. O’Neill said Turkey is a great investment opportunity with access to a broad geography.
Coca-Cola İçecek’s İzmir Plant received an award at the Energy Management in Industry Project Competition. The competition was organized by Electrical Works Study Board Directorate General as a part of the Energy Management Week.
CCI Turkey Region President Hüseyin Akın has been appointed to the position of the President of CCI International Operations and CCI CFO Burak Başarır has been promoted to the position of President of CCI Turkey Region.
Global rating agency Fitch Ratings, upgrades long-term foreign currency Issuer Default Rating (IDR) of Coca-Cola İçecek by two notches to 'BBB-' from 'BB'. In addition to that, Fitch affirmed long-term local currency IDR of Coca-Cola İçecek at 'BBB'.
