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Top related persons:
Regis - 1 Zoran Bogdanovic - 1 Radhika Anilkumar - 1 Milla Nissi - 1
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Montreuil Paris France Switzerland Nigeria Bengaluru
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Carrefour - 1 REUTERS - 1 Cola HBC - 1 HBC - 1 Analysts - 1 Thomson - 1

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2 mentions found


☆ Bottler Coca-Cola HBC beats profit estimates, lifts sales outlook
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +2 min
Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau/File PhotoAug 9 (Reuters) - Bottler Coca-Cola HBC (CCH.L) beat half-year profit expectations and lifted its annual revenue target on Wednesday, supported by strong sales and higher prices of its drinks. Organic net sales revenue per case expanded by 19.0%, beating analysts' forecast of 17.4% in a poll compiled by the company. It still expects the negative impact from foreign currency exchange on the group's comparable operating profit to be between 50 million and 60 million euros ($55 million and $66 million) this year. HBC reported a comparable operating profit of 560.7 million euros for the six months through June, up 21.2% from a year earlier.
Persons: Regis, Zoran Bogdanovic, Radhika Anilkumar, Milla Nissi Organizations: Carrefour, REUTERS, Cola HBC, HBC, Analysts, Thomson Locations: Montreuil, Paris, France, Switzerland, Nigeria, Bengaluru
☆ Bottler Coca-Cola HBC keeps its fizz on robust demand
  + stars: | 2022-11-08 | by ( Amna Karimi Radhika Anilkumar | Amna Karimi | Radhika Anilkumar | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Sees FY profit between 860 mln euros-900 mln eurosSees consumer demand suppression in Q4, 2023Shares rise 4%Nov 8 (Reuters) - Coca-Cola HBC AG (CCH.L) raised its full-year profit forecast on Tuesday, as the soft drinks bottler benefited from resilient demand and said price rises and promotions would protect profits. Inflation at multi-year highs has pinched household budgets and forced consumers to cut their spending, but Coca-Cola is among the packaged food makers enjoying steady demand. Chief Executive Zoran Bogdanovic said trading in the fourth quarter and 2023 "might get harder because of consumer demand suppression," but added the company planned to overcome it with pricing and promotional plans. Chief Executive Zoran Bogdanovic told Reuters its factories in Russia had reduced operations and it had cut jobs in double digits. HBC raised its expectations for comparable operating profit to between 860 million euros and 900 million euros ($860.43 million and $900.45 million) for 2022, compared with an earlier forecast of between 740 million euros and 820 million euros.
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