Coca-Cola Estonia made 24.4 mEUR turnover in 2012

The revenue of Coca-Cola HBC Estonia beverages company increased to 24.4 million euros in 2012 from the year-earlier 23.5 million euros.

The company’s net profit dropped from 2.2 million to 0.6 million euros, the annual report of the company shows. The reasons for the significant profit drop were an almost 50% increase in raw material prices and expenses connected to the development of accounting and business software. Advertising expenses jumped from 77 000 to 271 000 euros.

The average size of the company’s workforce was 129 people in 2011 and 114 in 2012. Labour costs remained at 3.8 million euros.

Retained profits from previous periods totalled 18.5 million euros after distribution.

Soft drinks Coca-Cola, Fanta, Sprite, Linnuse Limonaad and Linnuse Kali as well as Bonaqua water, Nestea ice teas, Cappy Ice Fruit juice drinks, Cappy juices, and the energy drinks Burn and Monster belong to the product range of the company.

The company’s Baltic sales and administrative headquarters is situated in Estonia. To attain best business results Coca-Cola HBC Estonia acquired from the parent company CC Beverages Holdings II BV 100% holdings in UAB Coca-Cola HBS Lithuania and SIA Coca-Cola HBC Latvia.

Source: Estonian Review / BNS

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