Coca-Cola Icecek Looking Good

Turkey's leading soft drinks company Coca-Cola Icecek (CCI) has reported above consensus third quarter results (three months to September 2010) as it continues to go from strength to strength. Consolidated sales revenues grew 21.1% year-on-year (y-o-y) to TRY967.7mn (EUR489.6mn) with the ongoing strength of Turkey's carbonates industry a core growth driver. Helped no doubt by the ongoing relative strength of the Turkish economy and in particular private consumption, we believe that there is still plenty of room for growth in carbonates.

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