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Coca - Cola Hellenic Bottling Company Trading update for the three months period ended 2 April 2021 12 May 2021 Page 1 of 9 FIRST QUARTER 2021 TRADING UPDATE Good start in a challenging environment Coca - Cola HBC AG , a growth - focused Consumer Packaged Goods business and strategic bottling partner of The Coca - Cola Company , today announces its 2021 Q1 trading update . First quarter highlights • Good FX - neutral revenue growth , + 2.7 % or + 6.1 % like - for - like¹ , driven by Sparkling and Energy , the Emerging segment and strong execution in the at - home channel • • Growth accelerated in the Emerging segment , while the Established and Developing segments continued to be impacted by COVID - 19 related restrictions extending through most of the quarter Volumes up + 1.5 % or + 4.7 % like - for - like¹ ; Sparkling and Energy together grew 10.7 % . The comparative period in 2020 had 3 fewer selling days but also benefited from 2.5 months of pre - pandemic trading FX - neutral revenue per case + 1.2 % or + 1.3 % like - for - like¹ ; continued strong category mix and pricing in several markets • Gained or maintained value share in Non - alcoholic ready - to - drink and Sparkling in the majority of markets • Costa Coffee roll - out continues to progress well ; now selling a range of formats in 16 markets Segment highlights • • • Established : Sustained positive price / mix development despite ongoing restrictions in the out - of - home channel Developing : Sugar tax implementation in Poland progressed as expected with volume recovering at the end of the quarter . Pricing taken to offset this tax had a 10.3pp impact on Developing price / mix Emerging : Continued strong momentum in Nigeria and accelerated trends in Russia , with both markets growing volumes double - digit Q1 2021 vs Q1 2020 growth ( % ) Total Group Established markets Developing markets Emerging markets Net sales revenue Volume FX - neutral² Reported Net sales revenue per unit FX - neutral² Reported 2.7 -4.0 1.5 1.2 -5.4 -3.2 -3.7 -4.7 1.5 1.1 -3.5 -7.3 -11.4 8.9 4.6 10.4 -3.0 8.7 1.6 -10.7 Zoran Bogdanovic , Chief Executive Officer of Coca - Cola HBC AG , commented : " We have had a good start to the year despite the continued impact of the pandemic , with revenue growth led by Sparkling , Energy and strong execution in the at - home channel . Our operational agility , flexible route to market and strong customer relationships mean that we are well placed to capitalise on the reopening of the out - of - home channel . In the meantime , our diverse and balanced geographic footprint has allowed us to benefit from accelerating revenue in the Emerging market segment , while lockdowns continue to impact most European markets . The speed and shape of recovery from the pandemic remains uncertain , but Q1 puts us on track to achieve our 2021 guidance for a strong recovery in FX - neutral revenues , along with a small increase in EBIT margin . " ¹Performance , 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 performance of Multon as a joint operation in the current period , refer to the relevant table in the ' Supplementary information ' section . 2For details on Alternative Performance Measures ( ' APMS ' ) refer to ' Alternative Performance Measures ' and ' Definitions and reconciliations of APMs ' sections .