Coca-Cola HBC AG (CCH.L)
- Reuters
UPDATE 1-Bottler Coca-Cola HBC beats revenue estimate on strong demand
Bottler Coca-Cola HBC beat market forecast for first-quarter revenue on Tuesday, and reiterated its operating profit would rise this year, supported by strong demand for its coffee, energy and sparkling drinks. "We actually did pricing adjustments in the first quarter to actually mitigate ongoing cost inflation, but clearly this has been on a lower level than Q1 of last year," CEO Zoran Bogdanovic told Reuters on a call. The Switzerland-based company, in which U.S. beverage giant Coca-Cola owns 21%, reported a 12.6% rise in organic net sales revenue for the three months ended March 29 to 2.23 billion euros ($2.39 billion).
- Reuters
Bottler Coca-Cola HBC beats revenue estimate on strong demand
The Switzerland-based company, in which U.S. beverage giant Coca-Cola owns more than 23%, reported a 12.6% rise in organic net sales revenue for the three months ended March 29 to 2.23 billion euros ($2.39 billion). Analysts in a company-compiled consensus had expected an organic revenue growth of 9.5% in the reported quarter. Coca-Cola HBC maintained its outlook for annual organic operating profit to grow in the range of 3% to 9%, as it ramps up its investments and brand launches.
- Simply Wall St.
Should You Be Excited About Coca-Cola HBC AG's (LON:CCH) 20% Return On Equity?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
