“The volumes went down as we experienced a lockdown when bars, restaurants and coffee shops were closed. (…),” Jovan Radosavljevic, general manager of Coca-Cola HBC Romania, told ZF.
The biggest negative impact was recorded in April, and gradual improvements came in the months after that. There were not that many foreign tourists in Bucharest, but many Romanians chose to spend their vacation in Romania and go out, the official added.
Coca-Cola HBC Romania sold more than 1.1 billion liters of non-alcoholic ready to drink beverages last year, ZF has calculated from the data in an annual report of the company.
Coca-Cola HBC Romania posted 2.76 billion lei (EUR581 million) revenue and some RON392 million (EUR82.5 million) profit in 2019, according to its officials and Finance Ministry data.
(English version by Loredana Fratila-Cristescu)