CEO Muhtar Kent's take on global markets
Eurasia and Africa: Russian challenges
Coca-Cola gained value and volume share in this region. 4% growth in trademark Coca-Cola drove sparkling beverage growth. In still beverages, juice and juice drinks were up 4% and packaged water showed an 8% increase.
“In Eurasia and Africa, Russia continues to see significant challenges, and we expect it to continue to remain challenging throughout the year,” said Kent.
“Sub-Sahara Africa is a strong bright spot, and we are seeing that in our results. In the Middle East, we have got some pockets. It's defying the geopolitical environment, but overall, obviously increased geopolitical risks there.”
