Aseptic
A technology used for packaging preservative-free products, especially fresh juice and tea, under sterile conditions.
Bali Communiqué
An unprecedented coming together by global business leaders calling on world leaders to create a legally binding United Nations framework to tackle climate change.
Baltics; Baltic States
Estonia, Latvia and Lithuania.
Bottlers
Business entities that sell, manufacture, and distribute beverages of The Coca‑Cola Company under a franchise agreement.
Bottling plant
A beverage production facility, including associated warehouses, workshops, and other on-site buildings and installations.
Bps
Abbreviation of basis points. One basis point is equal to one hundredth of a percentage point (0.01%).
Capital expenditure; capex
Gross capex is defined as payments for purchase of property, plant and equipment. Net capex is defined as payments for purchase of property, plant and equipment less receipts from disposals of property, plant and equipment plus principal repayment of finance lease obligations.
Carbon emissions
Emissions of CO2 and other greenhouse gases from fuel combustion and electricity use in Coca‑Cola HBC’s own operations (scope 1 and 2, mostly in bottling and distribution), in tonnes of CO2.
Carbon footprint
Global emissions of CO2 and other greenhouse gases from Coca‑Cola HBC’s wider value chain (raw materials, product cooling etc).
Caring for Climate
This framework allows UN Global Compact participants to advance practical solutions to climate change and help shape public policy and public attitudes.
CCHBC AG
Coca‑Cola HBC AG, a stock corporation under the laws of Switzerland which is the holding company of the Group with effect from Admission.
CEO Water Mandate
Launched by the UN Global Compact, this is a call to action and a strategic framework for companies to address water sustainability in their operations and supply chains.
Chlorofluorocarbon (CFC)
Chemical compound used in cooling equipment, which damages the earth’s ozone layer and contributes to global warming.
Coca‑Cola Hellenic
Coca‑Cola Hellenic Bottling Company S.A. and, as the context may require, its subsidiaries and joint ventures or, as the case maybe CCHBC AG and its subsidiaries and joint ventures. Also, ‘the Group’.
Coca‑Cola system
The Coca‑Cola Company and its bottling partners.
Cold drink equipment; CDE
A generic term encompassing point-of-sale equipment such as coolers (refrigerators), vending machines and post mix machines that cool beverages for immediate consumption.
Combined Heat and Power (CHP) unit
Also called tri-generation units, these can produce power, heat, cooling and CO2 in a combined process that is up to 40 percent more efficient than separate processes.
Concentrate
Base of a beverage, to which water and other ingredients are added to produce beverages. It may contain concentrated plant extracts, fruit juices, colourings and other components.
Consumer
Person who drinks Coca‑Cola Hellenic products.
CSR
Corporate Social Responsibility.
Customer
Retail outlet, restaurant or other operation that sells or serves Coca‑Cola HBC products directly to consumers.
EBIT
Operating profit (EBIT) refers to profit before tax excluding finance income / (costs) and share of results of equity method investments.
EBITDA
We define Adjusted EBITDA as operating profit before deductions for depreciation and impairment of property, plant and equipment (included both in cost of goods sold and in operating expenses), amortisation and impairment of and adjustments to intangible assets, stock option compensation and other non-cash items, if any.
FMCG
Fast moving consumer goods.
Fountain
Equipment used in retail outlets to dispense beverages into cups or glasses for immediate consumption.
Future consumption; FC
A distribution channel where consumers buy multi-packs and larger packages from supermarkets and discounters which are not consumed on the spot.
FYROM
Former Yugoslav Republic of Macedonia.
GDA
Abbreviation of Guideline Daily Amounts.
GDP
Gross domestic product.
GfK
We work with the company Growth for Knowledge (GfK) to track our customer satisfaction levels.
Global Greenhouse Gas (GHG) Register
This forum enables organisations to disclose, monitor and compare their greenhouse gas emissions.
ICPDR
The International Commission for the Protection of the Danube River is partner in the Company’s Green Danube programme.
IFRS
International Financial Reporting Standards of the International Accounting Standards Board.
Immediate consumption; IC
A distribution channel where consumers buy beverages in chilled single serve packages (typically 0.5 litre or smaller) and fountain products for immediate consumption, mainly away from home.
Joint value creation
An advanced program and process to collaborate with customers in order to create shared value.
KPI
Key Performance Indicator.
Market
When used in reference to geographic areas, territory in which Coca Cola HBC does business, often defined by national boundaries.
NARTD
Non-alcoholic ready-to-drink.
Non-carbonated soft drinks; non-CSDs
Non-alcoholic beverages without carbonation including, but not limited to, waters and flavoured waters, juices and juice drinks, sports and energy drinks, teas and coffee.
NGO
Non-governmental organisation.
OBPPC
Occasion, Brand, Price, Package, Channel.
PET; Polyethylene Teraphthalate
A form of polyester used to make lightweight, shatter-resistant bottles for beverages, food and non-food. PET can be recycled into new containers, clothing, carpeting, automotive parts and industrial materials.
PET-to-PET
A recycling system for post-consumer PET bottles. Used bottles are collected, sorted, cleaned, ground and transformed into new material for manufacture in PET bottle performs.
Per capita consumption
Average number of servings consumed per person per year in a specific market. Coca Cola HBC’s per capita consumption is calculated by multiplying our unit case volume by 24 and dividing by the population.
Plant
Also referred to as bottling plant, this refers to a bottling facility of Coca Cola HBC, where beverages are manufactured.
Premium sparkling
Includes trademark Coca Cola, Fanta, Sprite, Schweppes, Tuborg and Kinley sparkling beverages.
Ready-to-drink; RTD
Drinks that are pre-mixed and packaged, ready to be consumed immediately with no further preparation.
RED
Right Execution Daily - tracks the sale movements of customers in certain regions.
ROIC
Return on Invested Capital is calculated as operating profit plus amortisation less adjusted taxes divided by average invested capital (total equity plus interest-bearing debt).
SAP Wave 2
A powerful software platform that enables us to standardise key business processes and systems.
Serving
237ml or 8oz of beverage. Equivalent to 1/24 of a unit case.
Sparkling beverages
Non-alcoholic carbonated beverages containing flavourings and sweeteners, excluding, among others, waters and flavoured waters, juices and juice drinks, sports and energy drinks, teas and coffee.
Still and water beverages
Non-alcoholic beverages without carbonation including, but not limited to, waters and flavoured waters, juices and juice drinks, sports and energy drinks, teas and coffee.
TCCC
The Coca Cola Company and, as the context may require, its subsidiaries.
UNESDA
Union of European Beverages Association, a founding member of the EU Platform for Action on Diet, Physical activity and Health.
Unit case
Approximately 5.678 litres or 24 servings of 8 U.S. ounces, the size of the original Coca Cola bottle.
Value share
Share of total revenue.
Vending business
A business that uses vending machines to sell products. Vending machines are automatic devices that sell goods such as beverages and snacks without a cashier.
Volume share
Share of total unit cases sold.