Coca-Cola Icecek AS
IST:CCOLA.E
Coca-Cola Icecek AS
In the vibrant world of beverages, Coca-Cola İçecek A.Ş. stands as a prominent entity, distinguished by its strategic blend of global brand leverage and regional expertise. Originating in Turkey, this company functions as a key anchor bottler for the Coca-Cola Company, serving a significant swath of markets across Central Asia, the Middle East, and beyond. With an intricate network of production facilities, Coca-Cola İçecek weaves its operations through a myriad of cultures, tailoring its product offerings to local tastes while adhering to the universal appeal that the Coca-Cola brand commands. This dual approach not only enhances consumer satisfaction but also ensures robust market penetration and brand loyalty.
The company’s revenue engine is powered through an integrated chain that begins with bottling operations and extends to an expansive distribution network. By efficiently managing this supply chain, Coca-Cola İçecek ensures that its range—from sparkling soft beverages to burgeoning categories like still drinks and water—reaches diverse markets both promptly and economically. While it embraces innovation in marketing and operational processes, the company's core revenue generation remains anchored in its ability to consistently deliver its iconic products. By harnessing economies of scale and leveraging strategic partnerships, Coca-Cola İçecek capitalizes on operational efficiencies to drive growth and shareholder value. In essence, its success story is one of masterfully balancing global brand essence with nuanced local market alignment.
In the vibrant world of beverages, Coca-Cola İçecek A.Ş. stands as a prominent entity, distinguished by its strategic blend of global brand leverage and regional expertise. Originating in Turkey, this company functions as a key anchor bottler for the Coca-Cola Company, serving a significant swath of markets across Central Asia, the Middle East, and beyond. With an intricate network of production facilities, Coca-Cola İçecek weaves its operations through a myriad of cultures, tailoring its product offerings to local tastes while adhering to the universal appeal that the Coca-Cola brand commands. This dual approach not only enhances consumer satisfaction but also ensures robust market penetration and brand loyalty.
The company’s revenue engine is powered through an integrated chain that begins with bottling operations and extends to an expansive distribution network. By efficiently managing this supply chain, Coca-Cola İçecek ensures that its range—from sparkling soft beverages to burgeoning categories like still drinks and water—reaches diverse markets both promptly and economically. While it embraces innovation in marketing and operational processes, the company's core revenue generation remains anchored in its ability to consistently deliver its iconic products. By harnessing economies of scale and leveraging strategic partnerships, Coca-Cola İçecek capitalizes on operational efficiencies to drive growth and shareholder value. In essence, its success story is one of masterfully balancing global brand essence with nuanced local market alignment.
Volume Growth: Coca-Cola Icecek posted an 8.9% year-on-year increase in consolidated sales volume, reaching 477 million unit cases in Q3, with broad-based gains across all international markets.
Revenue & Profit: Reported revenue rose 6.7% to TRY 52.2 billion, while net income increased 4.2% year-on-year to TRY 7.2 billion, supported by margin expansion and disciplined expense management.
Margin Expansion: Gross profit margin improved by 166 basis points to 38.1%, and EBIT margin expanded by 125 basis points to 18.8%, mainly due to improved mix and cost control.
International Outperformance: Central Asia delivered exceptional volume growth (up 27%), especially in Uzbekistan and Kazakhstan, while Turkey saw a slight volume decline due to deliberate water category reductions.
Guidance Affirmed: Management remains confident in delivering full-year EBIT guidance, expecting only a slight margin contraction and positive free cash flow for the year.
Working Capital & Leverage: Strong working capital improvements contributed to nearly TRY 5 billion in free cash flow, reducing net debt-to-EBITDA to 0.8x.
