UPDATE 2-Greek Coke bottler Q3 slips; Russia weighs

* Coca-Cola Hellenic Q3 net down 3 pct

* Recession hits soft drink demand, forex losses weigh

* Profit margins resilient thanks to cost savings

* Economic conditions remain tough

(Adds more CEO comments, detail, share price)

By Angeliki Koutantou

ATHENS, Nov 5 (Reuters) - Coca-Cola Hellenic (CCBq.L), the world's second-largest bottler of Coca-Cola, reported on Thursday third-quarter net profit in line with market expectations and said outlook remained uncertain due tough economic conditions.

The global downturn has led to consumers cutting spending and to currency devaluations, hurting CCH's business, particularly in developing countries such as Russia and Nigeria, which account for about two thirds of CCH's sales.

Coca-Cola Hellenic (CCH) said third-quarter net profit fell 3 percent year-on-year to 206.1 million euros ($303.9 million), as soft drink demand softened.

The figure was in line with an average forecast of 205.4 million produced in a Reuters poll.

The group said third-quarter sales volume came in at 584 million unit cases, below analysts' average forecast of 611 million, helped by the acquisition of Italian bottler Socib.

Foreign exchange losses weighed on revenues, which fell 9 percent to 1.88 billion euros.

At 08:45 GMT, CCH shares were 2.23 percent down, versus a drop of 0.92 percent for the Athens bourse general index .ATG.

Analysts said this reflected investors concerns over the recovery of the developing markets.

"Some people probably think there is still a long road until developing and emerging markets see a recovery," National P&K Securities Iakovos Kourtesis said.