Coca-Cola Icecek (CCI) has returned to profits in the first quarter of the year, boosted by carbonated drinks.

For the three months to the end of March, CCI recorded net profits of TRY8.8m (US$5.7m) compared to losses of TRY58.8m in the prior year.

Profits were boosted by greater operating efficiency and lower non-cash foreign exchange losses from foreign currency denominated financial loans, the firm said today (11 May).

Group net sales for the quarter amounted to TRY445m, up by 1.3% on the prior year. International operations accounted for 20% of the total net sales in the first quarter.

Group sales volume increased by 8.6% for the period to reach 113m unit cases. Net sales per unit case however, declined by 6.7% to TRY3.95.

“I am very pleased to announce that CCI had a good start to the year,” said CEO Michael O’Neill. “Colder weather and the economic environment in the regions where we operate continue to present challenges. Even though the first quarter is our smallest reporting period, a good start to the year boosts our confidence and encourages optimism for the rest of the year.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

O’Neill said the firm is “confident and determined” that CCI is positioned to take advantage of emerging economic recovery.

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now