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Geopolitics drop Coca-Cola sales in Russia 1-3% in second quarter

August 07, 2014, 12:56 UTC+3 BERN
The company explains the second quarter decline in almost all categories of products with the current geopolitical pressure on the economy and consumer sentiment in the country
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© EPA/LUONG THAI LINH

BERN, August 07./ITAR-TASS/. Coca-Cola sales in Russia dropped 1-3% in the second quarter of 2014 against 4-6% growth a year earlier, said bottler of Coca-Cola products Coca-Cola Hellenic.

This stopped Russian sales uptrend observed for ten quarters straight.

Meanwhile, over the six months of 2014 sales increased 1-3% against 4-6% a year before. In the first quarter, sales expanded 7-9%

The company explains the second quarter decline in almost all categories of products with the current geopolitical pressure on the economy and consumer sentiment in the country. Coca-Cola sales in Russia contracted 5%, sales of all fizzy drinks fell 4%

Fanta was an exception with confident growth on expanded range of tastes. Cold tea sales dipped 1-3% in the second quarter of 2014 against a 14-16% rise a year earlier.

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