4. EUROPE
sales, positive pricing
•Concentrate
currency
•Positive
investment to support key initiatives
•Continuing
beverages increased 1 percent
•sparkling
Coca-Cola growth of 1 percent
•Trademark
beverages increased 11 percent for the year, led by
•Still
solid performance across the portfolio
5. BOTTLING INVESTMENTS
Unit case volume:
on a distance compensated by organic growth
•Bottling
for acquisitions compensated by bottling on a distance
•Benefit
Net revenues:
currency
•Neutral
of structural changes
•Benefit
Operating income:
of supply chain
•Benefits
to improve market execution
•Investments
6. NET OPERATING REVENUES
Net operating revenues Net operating revenues
decreased 3%: increased 11%:
•4% increase in •4% increase in
concentrate sales concentrate sales
•4% favorable impact from •3% favorable impact from
pricing and mix pricing and mix
•4% decrease from •4% positive currency
structural changes impact
(bottling in a long
distance)
•7% negative currency
impact
7. COST OF GOODS SOLD
Cost of goods -3% for the quarter -9% for the year
Concentrate sales -4% -3%
Negative currency -6% -4%
Structural changes +7% -2%
8. GLOBAL CHANGES
results for the quarter and the full year
•Quality
long term growth despite challenging
•Exceeded
economic environment
crisis proof, simple moments of pleasure (1,6
•Mostly
billion times a day)
volume and value shares
•Gained
flow from operations was $7.6
•Cash
billion for the year, compared with $7.1 billion in the
prior year, an increase of 6 percent.