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Coca-Cola İçecek (CCI) completed the second quarter of 2022 with successful business results. In the second quarter, CCI achieved 25% volume growth and 15% on an organic basis according to results across its operations.  

Coca-Cola İçecek (CCI) achieved volume growth of 25% on the basis of the report and 15% on an organic basis in the second quarter of 2022. CCI's sales volume in Türkiye increased by 20%, driven by resilience in the home consumption channel and improvement in the on-premise consumption channel. International operations sales volume increased 29% on a reported basis and 13% on an organic basis, while the sales volume growth in previous years’ second quarter was 21%. 

High performance from Uzbekistan 

Uzbekistan, the newest member of CCI operations realized 29% sales volume growth as the successful integration continues. Pakistan, one of CCI's fastest growing operations, increased its volume by 18%, driven by increased access to outlets, positioning of coolers and strong improvement in modern retail channels and on-site consumption. CCI's EBITDA margin was realized as 20% in the second quarter.  

Başarır: "Record results are proof of execution capability in challenging conditions"  

Burak Başarır, CEO of Coca-Cola İçecek, made the following statements in his assessment of the second quarter: "Despite inflationary pressures on commodity, transportation and labor costs; strong volume, improved channel and package distribution, timely price adjustments, well-managed hedging and frugal expense management enabled us to mitigate margin pressures. This quarter's record results are a testament to CCI's ability to execute effectively in highly volatile markets." Başarır stated that they rely on timely pricing actions, effective discount management, proactive revenue growth management and disciplined spending habits to overcome the challenges in the period ahead.  

"We will continue to develop our digitally enabled multi-channel platforms"  

Başarır continued: "Our company's aim is to create value for our stakeholders in everything we do while putting sustainability at the center of our strategy. To this end, we are proud to have published our second integrated annual report in a clear, simple and transparent form. We are happy to share our achievements, development areas and our initiatives in our integrated annual report, which we published with the theme "As We Are" inspired by Mevlana Celaleddin-i Rumi, with our stakeholders. Leveraging our broad portfolio, we strive to accelerate our quality growth and create a better future for our customers and consumers, our employees and our communities. We will continue to evolve our product portfolio to support our consumers across our digitally enabled omni-channel platforms and respond to changing preferences for every occasion."