FMCG bottler Coca-Cola HBC has posted strong results in its first-quarter trading update, with organic revenue growth increasing by 11.6 per cent to around £2.3bn.

The company’s organic volume grew 9.6 per cent, which was driven by a strong underlying performance, with sparkling volumes going up by 9.4 per cent and the energy drinks category surging by 27 per cent.

Within the established markets, organic revenue went up by 7.3 per cent to around £709m.

The business made a number of investments in its portfolio, including Coke & Meals campaigns across the markets, a new visual identity of Coke Zero Sugar Zero Caffeine and innovations within the Monster brand.

The bottling company experienced strong growth in coffee at the out-of-home channel and increased growth in sports drinks with the launch of Powerade.

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CEO of Coca-Cola HBC AG, Zoran Bogdanovic, said: “We delivered a good start to the year, with organic revenue growth of 11.6% and ongoing share gains, representing high-quality results despite challenging macro conditions.

“Strong underlying volume growth was in line with our plans and was further strengthened by additional selling days over the period.

“We made progress against our strategy, investing in our unique 24/7 portfolio, activating Coke & Meals campaigns across our markets, and launching innovations for Monster and Powerade. We continue to invest in our bespoke capabilities, which enable strong segmented execution across all markets.”

Moving forward, the business expects organic revenue growth within the 6 per cent to 7 per cent medium-term target range.

Coca-Cola HBC forecasted an organic EBIT growth within the range of 7 per cent to 10 per cent.