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Coca - Cola Hellenic Bottling Company Half - yearly financial report for the six months ended 2 July 2021 12 August 2021 Page 1 of 52 Strong momentum across all segments Coca - Cola HBC AG , a growth - focused Consumer Packaged Goods business and strategic bottling partner of The Coca - Cola Company , reports its financial results for the six months ended 2 July 2021 . Half - year highlights • • Ongoing recovery and effective execution drove additional momentum and share gains in Q2 , with H1 FX - neutral revenue growth + 23.1 % like - for - like¹ . Reported revenues + 14.7 % FX - neutral net sales revenue closed 4 % above 2019 levels ( like - for - like ) ○ Value share gains increased , + 50bps in NARTD Volume growth of 15.9 % like - for - like ; sustained performance in the at - home channel complemented by recovery in out - of - home during Q2 Improvements in FX - neutral revenue per case , benefited from pricing taken in over 90 % of our markets and positive category , package and channel mix Prioritisation of opportunities and innovation within our 24/7 portfolio is building momentum • ○ • • о Sparkling volume + 16.2 % , with Adult sparkling + 37.0 % and Low / no sugar + 40.3 % Energy volume + 66.1 % , driven by the performance of Monster , Burn and Predator Costa Coffee roll - out continues to progress well ; Coffee strategy strengthened with premium Italian brand , Caffè Vergnano , to start distribution by 2022 Operating leverage and cost savings resulted in comparable EBIT margin up 340 bps to 10.8 % о € 120 million of COVID - related opex savings were achieved in 2020. We continue to expect to retain c . € 20 million of this in 2021 and therefore € 100 million of these costs to return in H2 2021 . Segment highlights Rebound in Established and Developing segments adding to continued strong results in Emerging • • . Established : FX - neutral revenue increased by 17.1 % as markets reopened , driving comparable EBIT margins up 440bps Developing : FX - neutral revenue up 17.6 % , with stable volume performance despite impact from Polish sugar tax ; comparable EBIT margins up 180bps Emerging : FX - neutral revenue up 30.3 % like - for - like ; continued strong performance from Russia and Nigeria and recovery through the rest of the segment led to comparable EBIT margins increasing by 340bps Zoran Bogdanovic , Chief Executive Officer of Coca - Cola HBC AG , commented : " We are very pleased with the first half in which we increased value share gains , revenues and profitability as well as making continued progress on our strategic priorities . I believe these results demonstrate the power of our 24/7 portfolio , our revenue growth management actions , the strength of our execution capabilities and the talent of our people whose resilience and adaptability will underpin our future opportunities . The business gained momentum as the out - of - home channel recovered and growth in at - home continued . In addition , we have delivered growth in the Established and Developing segments alongside the consistent strong performance in the Emerging segment . We are seeing excellent performance from our areas of strategic focus - in particular Low- and no - sugar sparkling , Adult sparkling and Energy . We have strengthened our Coffee strategy with Caffè Vergnano , which will add a premium offering alongside the broad appeal of Costa Coffee . We have made progress on our World Without Waste agenda with new launches of 100 % recycled PET packaged beverages . We are encouraged by the strength of the performance , and while conscious of the risks as the COVID - 19 pandemic continues to impact our markets , we continue to expect a strong recovery in FX - neutral revenues and now believe that we can achieve a 20-30bps EBIT margin expansion this year . " 1 Performance , unless stated otherwise , is negatively impacted by the change in classification of our Russian Juice business , Multon , from a joint operation to a joint venture , following its re - organisation in May 2020. For the Group's growth including the respective performance of Multon as a joint operation in the current period , refer to the relevant table in the ' Supporting information ' section . 2For details on APMs refer to ' Alternative Performance Measures ' and ' Definitions and reconciliations of APMs ' sections . 3 Refer to the condensed consolidated interim income statement . 4Net Profit and comparable net profit refer to net profit and comparable net profit respectively after tax attributable to owners of the parent . Armenia Austria Belarus Bosnia & Herzegovina Bulgaria Croatia Cyprus Czech Republic Estonia Greece Hungary Ireland Italy Latvia Lithuania Moldova Montenegro . Nigeria North Macedonia Northern Ireland - Poland Romania Russia Serbia Slovakia Slovenia Switzerland Ukraine