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Coca Cola sees stellar growth despite input price rises

Coca Cola, the world's largest soft-drinks company, has announced that sales have grown across the globe during the first quarter 2011 despite geo-political unrest and rising commodity prices.

Coca Cola's 2011 first quarter results revealed that revenues increased by 40% to $10.5bn, with sales volumes also up by 6%, with sparkling beverages sales growing by 4% and sales of still beverages up by 11%. These results were boosted by the increased sales of Coca Cola products in emerging markets where sales volumes grew by 24% in Russia, 20% in Turkey and 14% in China.

Commenting on the results, Muhtar Kent, chairman and chief executive officer of The Coca-Cola company, said, "Despite ongoing global geopolitical challenges, we once again delivered consistent, quality growth across all five of our geographic operating groups, with broad worldwide share gains across beverage categories. The growing value of our brands, our consistent quality operating results and our solid financial performance underscore how our system is steadily and strategically advancing its momentum around the world."