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Coca-Cola Hungary revenue climbs 5% in 2008

Sales of Coca-Cola's Hungarian unit rose 5% in 2008 over the HUF 77.5 billion in 2007, Coca-Cola HBC Magyarország communications director Eda Pogény told MTI, citing preliminary figures.

Coca-Cola HBC Magyarország sold 520 million liters of soft drinks in 2008 to give it one-fifth of the market.

Coca-Cola HBC Magyarország expects 2009 to be one of its worst years ever because of the expected fall in purchasing power, Pogány said, though he declined to reveal a revenue target.

Coca-Cola HBC Magyarország has invested some HUF 100 billion in production capacity since setting up in the country.

Exports generate about 10% of turnover. (MTI – Econews)