ATHENS Feb 14 Coca-Cola Hellenic (CCH)
, the world's No. 2 bottler of Coca-Cola, posted
on Thursday a 12 percent drop in 2012 profit due to higher costs
and weak demand in its debt-laden European markets.
The Athens-based company with operations in 28 countries
from Russia to Nigeria, said profit excluding restructuring and
other one-off charges came in at 285 million euros versus
analysts' average forecast of 291.5 million euro in a Reuters
The volume of unit cases sold was almost flat year-on-year
to 2.08 million. Sales rose 3 percent to 7.05 billion euros,
compared with analyst' forecast of 7.03 billion.
The company set a free cash flow target of 1.3 billion euros
for the 2013-2015 period.
(Reporting by Angeliki Koutantou)