SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2013

Coca-Cola Hellenic Bottling Company S.A.

(Translation of Registrant’s Name Into English)

9 Fragoklissias Street, 151 25 Maroussi, Athens, Greece

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F      x      Form 40-F     o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes      o      No     x

Table of Contents

Press Release of 14 February, 2013 — Coca-Cola Hellenic Bottling Company S.A. announces Results for the Year Ended 31 December 2012, Fourth Quarter and Full Year Highlights.

RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012

FOURTH QUARTER AND FULL YEAR HIGHLIGHTS

Note : All units in €m except per share data and volume data & volume.  Numbers before adjustments are excluding the impact of the early adopted accounting standards as detailed in page 14 and in note 1 of the condensed consolidated financial statements.

·                  Full Year 2012 market shares: We continued to win in the marketplace. We gained or maintained volume share in sparkling beverages in 21 out of 28 markets and value share in the overall non-alcoholic ready to drink beverages category in 23 out of 28 of our markets.

·                  Full Year 2012 free cash flow: Working capital improved by €84 million year-on-year and we generated free cash flow of €341 million.

Dimitris Lois, Chief Executive Officer of Coca-Cola Hellenic, commented:

“Our strategy enabled us to grow currency neutral net sales revenue by 2% for the full year. The volume and revenue growth we generated in the third quarter continued in the fourth quarter, with revenue growing faster than volume for the sixth consecutive quarter. In 2012, we maintained our volume overall, despite the very challenging trading conditions in most of our markets throughout the year. In 2012, we were able to strengthen our business further, by expanding our volume and value share in the majority of our markets, while growing Trademark Coca-Cola products by 2%.

We anticipate that in 2013, disposable income will remain under pressure, resulting from continued austerity measures and high unemployment, particularly in our established markets. We will remain focused on delivering on our strategic priorities: further strengthening our leadership position in the marketplace, driving revenue growth ahead of volume, executing our cost optimisation and process efficiency plans, and continuing to generate strong free cash flow.

The voluntary share exchange offer by Coca-Cola HBC AG will facilitate the listing of the Group on the premium segment of the London Stock Exchange which forms part of our ongoing commitment to enhance shareholder value.”

Results for the year ended 31 December 2012

14 February 2013

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This document contains forward-looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such as ‘believe’, ‘outlook’, ‘guidance’, ‘intend’, ‘expect’, ‘anticipate’, ‘plan’, ‘target’ and similar expressions to identify forward-looking statements. All statements other than statements of historical facts, including, among others, statements regarding our future financial position and results, our outlook for 2013 and future years, business strategy and the effects of our recent acquisitions, and restructuring initiatives on our business and financial condition, our future dealings with The Coca-Cola Company, budgets, projected levels of consumption and production, projected raw material and other costs, estimates of capital expenditure, free cash flow or effective tax rates and plans and objectives of management for future operations, are forward-looking statements. You should not place undue reliance on such forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect our current expectations and assumptions as to future events and circumstances that may not prove accurate. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (File No 1-31466).

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that our future results, level of activity, performance or achievements will meet these expectations. Moreover, neither we nor our directors, employees, advisors nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. After the date of the condensed consolidated financial statements included in this document, unless we are required by law to update these forward-looking statements, we will not necessarily update any of these forward-looking statements to conform them either to actual results or to changes in our expectations.

2

Reconciliation of Reported to Comparable Financial Indicators

(1)                                 Reported COGS refers to cost of goods sold.

(2)                                 Reported Gross Profit refers to gross profit.

(3)                                 Reported Operating Expenses refers to operating expenses.

(4)                                 Reported EBIT refers to operating profit / (loss).

(5)                                 Adjusted EBITDA refers to operating profit before deductions for depreciation and impairment of property, plant and equipment (included both in cost of goods sold and in operating expenses), amortisation and impairment of and adjustments to intangible assets, employee share options and other non-cash items, if any (refer to page 13).

(6)                                 Reported Net Profit refers to profit / (loss) after tax attributable to owners of the parent.

(7)                                 Reported EPS refers to basic earnings per share.

(8)                                 The Group has entered into certain commodity derivatives transactions in order to mitigate its exposure to commodity price risk. Though these transactions are economic hedging activities that aim to manage our exposure to sugar and aluminium price volatility, they do not qualify for hedge accounting. The fair value gains and losses on the derivatives are immediately recognised in the income statement in the cost of goods sold line item. The Group’s comparable results exclude the unrealised gains or losses resulting from the mark-to-market valuation of this hedging activity. These gains or losses will be reflected in the comparable results in the period when the underlying transactions will occur, to match the profit or loss impact of the underlying transactions.

(9)                                 Non-recurring items refer mainly to the audit costs relating to the change of the Group’s proposed parent entity from Coca-Cola Hellenic Bottling Company S.A., a company incorporated under the laws of Greece, to Coca-Cola HBC AG, a company incorporated under the laws of Switzerland, and the proposed listing of Coca-Cola HBC AG on the premium segment of London Stock Exchange plc.

(10)                          Numbers are adjusted to reflect the impact of the early adopted accounting standards. A comparison with the numbers before adjustments is presented on page 14.

3

Group Operational Review

Coca-Cola Hellenic Bottling Company S.A. (‘Coca-Cola Hellenic’ or ‘we’ or the ‘Group’) achieved comparable earnings per share of €0.78 in the full year 2012. We delivered on our commitment to grow revenue ahead of volume, whilst continuing to win in the marketplace, despite a very challenging environment.

Reduced disposable income and high unemployment continued to negatively impact consumer demand in most of our markets throughout the year. All of our EU markets experienced consumer confidence levels significantly below the EU average, with the exception of Austria and the Baltics. Among our key markets, the most significant decline in consumer confidence in the year took place in Italy.

In the fourth quarter, unit case volume increased for the second consecutive quarter, achieving 2% growth year on year. This primarily resulted from volume improvements in Russia, Nigeria and Poland. Overall, for the full year 2012, volume was maintained, compared to a 1% decline in 2011.

In both the fourth quarter and the full year 2012, we gained or maintained volume share in sparkling beverages and value share in the non-alcoholic ready-to-drink beverages (“NARTD”) category in most of our markets. More specifically, in the full year, we gained or maintained volume share in the sparkling category in 21 out of 28 markets. In addition, we gained or maintained value share in the total non-alcoholic ready-to-drink market in 23 out of 28 markets.

We continued to grow volume in our key categories, including sparkling beverages, juice, tea, and energy drinks, which fully reflect the priorities we have set for the business. Volume of sparkling beverages increased by 4% in the fourth quarter and was up by 1% year-on-year in 2012. Our sales of trademark Coca-Cola products grew by 5% in the fourth quarter and by 2% in the full year 2012. Brand Coca-Cola grew by 5% in the fourth quarter and by 3% in the full year. Sales volume of Coca-Cola Zero increased by 17% in the fourth quarter and 13% in the full year, registering growth across all of our reporting segments. Sales volume in our ready-to-drink tea category increased by 6% in the quarter and by 4% in the full year, driven by double-digit growth in the emerging markets segment in both periods under review. Our energy drinks business grew by 14% in the fourth quarter and by 7% in the full year, achieving eleven consecutive quarters of volume growth. Volume in our juice category increased by 1% in the fourth quarter and declined by 4% in the full year. Volume in our water category declined by 6% in the fourth quarter and by 4% in the full year 2012.

Both package mix and channel mix are affected by the continuous shift of consumer demand towards organised trade and at-home consumption. Our occasion-based brand, package, price and channel strategy (“OBPPC”) aims to grow net sales revenue per unit case, while addressing affordability. Package mix improved in the water category in both periods under review, in line with our strategy of focusing on immediate consumption packages, as well as the most profitable future consumption packages.

Our revenue growth initiatives, including the continued successful execution of our OBPPC strategy and pricing, enabled us to deliver on our commitment to grow currency neutral net sales revenue per unit case for the sixth consecutive quarter. On a currency neutral basis, net sales revenue per unit case increased by 1% in the fourth quarter, despite an 8% growth in the comparable prior year period, and by 2% in the full year, excluding the impact of Belarus. Including the impact of Belarus, currency neutral net sales revenue per unit case increased by 2% in the quarter and by 3% in the full year.

Currency neutral input costs per unit case, excluding the impact of Belarus, grew by 8% in the quarter driven by higher EU sugar prices. In line with our expectations, currency neutral input costs per unit case, excluding the impact of Belarus, grew by 6% in the full year. Our revenue growth initiatives more than offset total input cost increases in 2012 in absolute terms.

Currency neutral operating expenses per unit case, excluding the impact of Belarus, posted marginal growth in both the fourth quarter and the full year.

4

In the full year, adverse foreign currency fluctuations resulted in a negative impact of €43 million on operating profit. The vast majority of this impact comes from transactional currency exposures on input costs.

Our comparable EBIT in the fourth quarter declined by €16 million. Comparable EBIT for the full year 2012 declined by 13% to €453 million, mainly due to higher input costs, unfavourable foreign currency fluctuations and higher operating expenses.

As a result of the above, our comparable earnings per share declined by 13% in 2012 to €0.78.

We continue to implement our restructuring initiatives with the aim of sustainably improving operational efficiency, without affecting our ability to grow. As previously announced, we accelerated some of our restructuring plans and brought them forward into 2012. As a result, we incurred a total of €107 million of pre-tax restructuring charges for the full year. The total savings from restructuring initiatives implemented during 2011 and 2012 reached €48 million in the full year 2012. We expect the initiatives undertaken in 2012, to yield approximately €70 million in annualised benefits from 2013 onwards. As the majority of our 2012 restructuring projects were initiated in the last quarter, we expect to be in a position to capture most of the respective benefits during 2013.

On 1 January 2013, Russia, Armenia and the Baltics went live on our SAP Wave 2 platform. Currently, 26 of our countries, representing 92% of total Group revenues, use this common platform. This initiative will be finalised when Nigeria goes live in January 2014. As of the end of 2012, 19 of our countries had been successfully integrated in our Shared Services Centre. We remain focused on increasing efficiency through the standardisation of certain finance and human resources processes through the Shared Services Centre and we plan to integrate more processes over the next 12-18 months. The shared services project also allows us to leverage our investment in SAP.

In the full year 2012, cash generated from working capital reduction was €84 million, mainly driven by improved receivables management. In the fourth quarter of 2012 we registered a free cash outflow of €21 million compared to a free cash inflow of €24 million in the comparable prior year period, mainly due to the reduced profitability this year and the accelerated restructuring initiatives. We generated free cash flow of €341 million for the full year, compared to €427 million in 2011. Our free cash flow generation in the three year period between 2010 and 2012 was 4% below our guidance, reflecting the impact of our decision to accelerate restructuring in 2012.

In the fourth quarter, the combined heat and power (“CHP”) systems installation programme in our bottling operations achieved another milestone.  In October 2012, our Italian operation inaugurated a new CHP quad-generation system at the Oricola bottling plant. The new system reduces the plant’s carbon emissions by 43%.

We remain committed to our social responsibilities in the markets we serve, and we were listed among Europe’s 120 Environment, Social & Governance (“ESG”) leaders by ESG analyst Vigeo.  We are the only beverage company to be included on the Vigeo Europe 120 ESG list. The admission to this index means that we are among the companies with the highest level of assurance on their capacity to integrate universally defined ESG objectives and to master associated risks.

On 11 October 2012, Coca-Cola HBC AG, a Swiss company incorporated by Kar-Tess Holding, announced a voluntary share exchange offer to acquire all outstanding ordinary registered shares and all American depositary shares of Coca-Cola Hellenic. The transaction is progressing in line with Coca-Cola HBC AG’s most recent announcements and we expect commencement of the acceptance period after publication of Coca-Cola Hellenic’s audited full year 2012 financial statements and completion of the voluntary share exchange offer early in the second quarter of 2013.

5

Operational Review by Reporting Segment

Established markets

Note: Numbers are adjusted to reflect the impact of the early adopted accounting standards.

·                  Unit case volume in our established markets segment decreased by 5% in the fourth quarter of 2012, following an 8% decline in the comparable prior year period. Weakness in all key categories in Greece and a decline in sparkling beverages in Italy were the key drivers of the volume decline in the established markets segment during the quarter. Unit case volume declined by 5% in the full year, following a 3% decline in the comparable prior year period.

·                  Net sales revenue declined by 5% in the fourth quarter. Lower volume and an unfavourable category mix more than offset the benefits of our revenue growth initiatives and a positive currency translation impact.

·                  Volume in Italy declined by mid single-digits in the fourth quarter, reflecting the increasing weakness in underlying economic and trading conditions. In the full year, volume declined by 4%. Austerity measures are negatively affecting disposable income and unemployment continues to rise.  Coca-Cola Zero remains the main volume driver in this market, with volume increasing by high teens in the quarter. Volume in our water category increased by low single-digits in the quarter, driven by single-serve packages. We expect volatility to continue, particularly in view of the upcoming elections in February and the further one percentage point VAT increase in July.

·                  Volume in Switzerland declined by mid single-digits in the fourth quarter and by 4% in the full year. The overall environment remains unchanged with the strong Swiss Franc versus the Euro, impacting both tourism and consumer shopping habits. Among key categories, Coca-Cola Zero continues to resonate well with consumers, showing mid single-digits growth in the quarter. Package mix improved in the fourth quarter, reflecting the impact of our OBBPC initiatives as well as strong Christmas activation.

·                  Volume in Ireland declined by mid single-digits in the fourth quarter and by 6% in the full year. The sparkling category performed better in the fourth quarter as a result of a high single-digit growth in Coca-Cola Zero. In addition to category development, we continue to focus on driving package mix, which improved in both the quarter and the full year. This improvement was driven by sparkling beverages, and in particular by the 350ml PET packages, as well as the 330ml can.

·                  Volume in Greece declined in the mid-teens in the fourth quarter. In the full year, volume decreased by 14%. The overall environment continued to deteriorate in the fourth quarter. Unemployment rate reached 27% and consumer confidence is the lowest in Europe based on EU Commission data. Sparkling beverages continue to perform better than the overall portfolio with volume declining by high single-digits in the quarter. Looking ahead, the lately approved €13.5 billion austerity package is further affecting disposable income in the country. We remain focused on addressing affordability, while improving efficiency across our operation.

·                  Comparable operating profit in the established markets segment declined to €13 million in the fourth quarter and €160 million in the full year 2012. Lower volume, increased raw material costs and negative category mix more than offset the improvement in price mix and the benefits from our restructuring initiatives, which resulted in lower operating expenses in the fourth quarter, as well as the full year.

6

Developing markets

Note: Numbers are adjusted to reflect the impact of the early adopted accounting standards.

·                  Unit case volume in our developing markets segment increased by 1% in the fourth quarter, following a 1% decrease in the comparable prior year period. Unit case volume declined by 2% in the full year 2012, following a 2% increase in the comparable prior year period.

·                  Net sales revenue increased by 6% in the fourth quarter, reflecting the benefits of higher volume, positive price mix and favourable currency translation impact.

·                  Volume in Poland grew by mid single-digits in the fourth quarter, although over the full year it declined by 1%. In line with our strategy, core sparkling beverages were the main volume driver in the quarter, posting a low double-digit increase. Brand Coca-Cola grew by high single-digits, while Coca-Cola Zero, Fanta and Sprite grew by double-digits. This improvement reflects the successful activation during the Christmas period particularly in the organised trade channel.

·                  Volume in the Czech Republic declined by low single-digits in the fourth quarter, mainly due to lower volume in our water category. In the full year 2012, volume declined by 4%. Activation in the organised trade channel and co-operation with key customers, supported a mid single-digit growth in core sparkling beverages. Coca-Cola Zero and Fanta posted double-digit growth in the quarter and Sprite grew by high single-digits. New flavour launches of Monster products, resulted in high single-digit growth in our energy category.

·                  Volume in Hungary declined by mid single-digits in the fourth quarter and by 3% in the full year. Throughout the year, conditions in the country remained challenging, characterized by low consumer confidence and negative economic growth. During the fourth quarter we cycled fully the impact from the introduction of the public health tax in September 2011. As a result, volume in our energy category more than doubled in the fourth quarter. Among sparkling beverages, increased distribution in Coca-Cola Zero contributed to strong double-digit growth. Package mix improved in the quarter in both the sparkling beverages and water categories.

·                  Developing markets posted losses of €5 million at the operating level in the fourth quarter, while for the full year, comparable operating profit stood at €27 million. In the fourth quarter, increased raw material costs, that resulted from higher EU sugar prices more than offset the benefits from our revenue growth initiatives and slightly higher volume.

7

Emerging markets

Note: Numbers are adjusted to reflect the impact of the early adopted accounting standards.

·                  Unit case volume in our emerging markets segment grew by 8% in the fourth quarter of 2012, following flat volume performance in the comparable prior year period. Unit case volume was 4% higher in the full year of 2012, following a 1% decline in the comparable prior year period.

·                  Net sales revenue grew by 14% in the fourth quarter, benefitting from higher volume, the positive impact of our revenue growth initiatives, as well as favourable currency translation impact.

·                  Volume in Russia grew by mid-teens in the fourth quarter, following a mid single-digit increase in the comparable prior year period. In the full year, volume increased by 10%. Once again, volume increased across all key categories in the fourth quarter, resulting in market share gains in both sparkling beverages and total NARTD. Strong activation during the Christmas period, executed across the country and continuous benefits from increased distribution of our 1.5L PET package in the sparkling category resulted in a 21% increase in the volume of core sparkling beverages. Brand Coca-Cola grew by 21% marking the ninth consecutive quarter of volume and share expansion. Similarly, Fanta grew by 28% and Sprite by 19%. In our tea category, volume grew by 44% during the fourth quarter, outperforming competition. Juice volume increased by 21%, with strong growth in both Dobry and Rich.

·                  Volume in Nigeria grew by high single-digits in the fourth quarter, following a mid single-digit decline in the corresponding period last year. Volume decreased by 2% in the full year 2012. Volume improvement in the fourth quarter was driven by sparkling beverages and particularly brand Coca-Cola that grew by low-teens. Volume in our water category grew by high single-digits, reflecting the increasing availability and the positive impact of the launch of our new lighter 1.5L PET bottle. Our strategy in the country remains focused on increasing availability and expanding distribution coverage of our core products.

·                  Volume in Romania posted marginal growth in the fourth quarter, and increased by 1% in the full year. Coca-Cola grew by low double-digits in the quarter and Coca-Cola Zero posted strong double-digits growth. Strong activation during the key Christmas period and the continuous benefits from our OBPPC initiatives resulted in improved package mix, driven by single-serve packages in the sparkling category. Volume in our tea category increased marginally, benefiting from the recent launch of Nestea Plum.

·                  Volume in Ukraine decreased by low single-digits in the fourth quarter driven by the performance of our water category. Sparkling beverages grew by low double-digits, driven by a mid-teens growth in Coca-Cola and a high single-digit growth in Fanta. This reflects the positive impact of our display building program and seasonal activation. In the full year, the total sparking beverages market declined in the mid-teens while we managed to keep the volume decline at 6%.

·                  Comparable operating profit in the emerging markets segment increased by 14% in the fourth quarter and by 35% in the full year 2012. In the fourth quarter, higher volume, better category mix and the benefits of our revenue growth initiatives were only partially offset by higher operating expenses, and the negative impact of increased raw material costs.

8

Business Outlook

In 2013, we anticipate a challenging macroeconomic environment, particularly in our established markets. Austerity measures are expected to continue to affect disposable income and unemployment is still on the rise in most of our countries, reaching an all-time high of 11.7% in the Eurozone in December 2012.

Our strategic priorities to strengthen our business remain unchanged. We are focused on winning in the marketplace while growing currency neutral revenue per unit case through OBPPC-driven initiatives. Such initiatives allow us to balance price and package decisions with affordability considerations, thereby remaining relevant to consumers. We are confident that this is the right strategy to drive sustainable profitable volume and revenue growth.

We expect currency neutral revenue per unit case in 2013 to continue to grow year-on-year, albeit at a slower pace.

In 2013, we expect currency neutral input costs per case to increase by low single-digits, driven by EU sugar, PET resin, and aluminium.

We continue to pursue further opportunities to sustainably improve operational efficiencies. In this respect, we have identified additional restructuring initiatives. We expect to incur costs of approximately €50 million from restructuring initiatives in 2013 that are expected to yield €30 million in annualised benefits from 2014 onwards. We expect the initiatives already taken in 2012 and those that we will take in 2013 to yield approximately €65 million in total benefits in 2013.

Based on current spot rates, we expect a negative impact from currency fluctuations in 2013, albeit lower than 2012.

We expect our comparable effective tax rate for the mid-term to range between 23-25%.

Our emphasis on free cash flow generation and tight working capital management continues. We today announce a free cash flow target for the three year period ending 31 December 2015 of €1.3 billion, in line with our macroeconomic and input cost assumptions set out above. This target supersedes all prior years’ free cash flow guidance in its entirety completely. Our annual net capital expenditure is expected to range between 5.5% and 6.5% of net sales revenue over the mid-term.

We will continue to plan and invest for the long term. Our geographic footprint offers ample scope for growth and we are convinced that we are pursuing the right strategy to grow in a sustainable and profitable way and win at the point of sale. We will continue to capture the benefits of our revenue growth management strategy, improve operating efficiencies by focusing on cost leadership, and strengthen our free cash flow to create value for our shareholders.

9

Group Financial Review

(1)         Refer to the ‘Reconciliation of Reported to Comparable Financial Indicators’ section on page 3.

(2)         Refer to ‘Supplementary Information’ section on page 13.

(3)         Numbers are adjusted to reflect the impact of the early adopted accounting standards. A comparison with the numbers before adjustments is presented on page 14.

10

Net sales revenue

Net sales revenue per unit case increased by 3% during the year and the fourth quarter of 2012 on a reported basis. On a currency neutral basis, net sales revenue per unit case increased by 3% in 2012 and 2% in the fourth quarter. For the fourth quarter and on a currency neutral basis, net sales revenue per unit case remained flat in the established and developing markets and increased by approximately by 4% in the emerging markets.

Cost of goods sold

Comparable cost of goods sold increased by 6% during the year and 7% in the fourth quarter of 2012. Comparable cost of goods sold per unit case increased by 6% during the year and 5% during the fourth quarter of 2012, compared to the respective prior year periods, mainly reflecting higher commodity costs, especially EU sugar prices and the accelerated growth of our sparkling and tea categories.

Gross profit

Comparable gross profit margins decreased from 37.7% in 2011 to 35.9% in 2012 and from 35.7% in the fourth quarter of 2011 to 34.6% in the fourth quarter of 2012. On a per unit case basis, comparable gross profit decreased by approximately 2% during 2012 and remained flat in the fourth quarter of 2012, compared to the respective prior year periods. On a currency neutral basis, comparable gross profit per unit case also decreased by 2% during the year and increased 1% in the fourth quarter of 2012, compared to the respective prior year periods.

Operating expenses

Comparable operating expenses on a currency neutral basis increased by 1% during the year and by 3% in the fourth quarter of 2012, in each case versus the respective prior year periods, as increased sales, administration, warehouse and distribution expenses only partially offset the lower marketing expenses.

Operating profit

Comparable operating profit decreased from €523 million in 2011 to €453 in the full year of 2012, due to increased raw materials costs, unfavourable foreign currency fluctuations and higher operating expenses. Comparable operating profit decreased from €72 million in the fourth quarter of 2011 to €56 million in the fourth quarter of 2012. Our comparable operating margin decreased from 7.7% in 2011 to 6.4% in 2012 and from 4.7% in the fourth quarter of 2011 to 3.5% in the fourth quarter of 2012.

Total net finance costs

Total net finance costs, decreased by €4.5 million during 2012 and by €8 million during the fourth quarter of 2012, compared to the same periods of the prior year.

Tax

On a comparable basis, Coca-Cola Hellenic’s effective tax rate for 2012 was approximately 23% compared to 25% in the prior year period. The Group’s effective tax rate varies quarterly depending on the mix of taxable profits by territory, non-deductibility of certain expenses, non-taxable income and other one-off tax items across its territories.

Profit after tax attributable to owners of the parent

On a comparable basis, profit after tax attributable to owners of the parent was €285 million in 2012, compared to profit after tax attributable to owners of the parent of €326 million in prior year, driven mainly by the decreased operating profit. In the fourth quarter of 2012, comparable profit after tax attributable to owners of the parent was €22 million, compared to €29 million in the prior year period, as the decrease in operating profit was partially offset by improved finance costs and taxes.

11

Net cash from operating activities

Net cash from operating activities was €754 million in 2012 versus €828 million in the prior year period. Cash outflow from operating activities net of capital expenditure was €21 million in the fourth quarter of 2012, compared to a cash inflow of €24 million in the respective prior year period.

Capital expenditure

Capital expenditure, net of receipts from the disposal of assets and including principal repayments of finance lease obligations, amounted to €412 million in 2012, compared to €401 million in the respective prior year period.

12

Supplementary Information

The financial measures Adjusted EBITDA, Capital Expenditure and Free Cash Flow consist of the following reported amounts in the condensed consolidated financial statements:

13

Impact of adjustments from newly adopted accounting standards

In 2012, the Group determined that it would early adopt IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interest in Other Entities and the revised IAS 19 Employee Benefits (refer to note 1 of the condensed consolidated financial statements for more information). As a result of the early adoption of the above standards, certain adjustments were made to the condensed financial statements retrospectively. The following table presents a comparison of selected income statement items and other items before and after these adjustments as well as the impact of the adjustments: