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.
Revenue of Coca-Cola Estonia increases to EUR 24.4 mln in 2012
15th July 2013, 15:10
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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 percent 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. Labor costs remained at 3.8 million euros.
Retained profits from previous periods totaled 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 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 percent holdings in UAB Coca-Cola HBS Lithuania and SIA Coca-Cola HBC Latvia.