Research and Markets: Greece Food and Drink Report Q2 2012 - Greek Wine Boosted By Big Export Deal With China

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/cbba32aa/greece_food_and_dr) has announced the addition of the "Greece Food and Drink Report Q2 2012" report to their offering.

BMI believe the Greek economy will remain mired in depression through 2012 as deep fiscal retrenchment and internal devaluation take a damaging toll. It is certainly clear that the crisis in Greece has created a completely new retail grocery environment, with conditions in which many retailers and suppliers have never operated. Only those that can quickly adapt their strategies to the new market conditions will face much of a future. Certainly number-two retailer Delhaize has attributed its strong performance to its price positioning. The firm points to price investments over the past few years allowing its Greek Alfa-Beta unit to offer distressed consumers competitive offers.

Headline Industry Data (local currency)

- 2012 per capita food consumption = -4.8%; forecast to 2016 = -1.3%

- 2012 alcoholic drink value sales = -3.3%; forecast to 2016 = -1%

- 2012 soft drink value sales = -5.1% ; forecast to 2016 = -6.8%

- 2012 mass grocery retail sales = -1.5%; forecast to 2016 = 5.4%

Key Company Trends

Coca-Cola Hellenic Hit By Weak Demand And Rising Costs - Greece-based soft drink producer Coca- Cola Hellenic (CCH) is still struggling to turn the corner after seeing its results continue to be battered by the ongoing weakness within the European consumer sector. For the nine-months to the end of September the firm registered a 1% Increase in sales, which reached EUR5.33bn. However, net profits fell by 28% to EUR302mn and operating profits fell by 26% to EUR211mn.

Companies Mentioned

- Unilever Greece

- Nireus

- Fage Dairy Industry

- Vivartia

- Coca-Cola Hellenic Beverages Company

- J Boutari & Son Holding (Boutari Group)

- Athenian Brewery (Heineken)

For more information visit http://www.researchandmarkets.com/research/cbba32aa/greece_food_and_dr