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Share Name Share Symbol Market Type Share ISIN Share Description
Coca-cola Hbc Ag LSE:CCH London Ordinary Share CH0198251305 ORD CHF6.70 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  17.00 0.61% 2,784.00 2,786.00 2,788.00 2,809.00 2,765.00 2,780.00 770,604 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Beverages 5,945.7 559.5 113.4 24.4 10,254

Coca-Cola HBC 1Q Revenue Fell but Met Market Views

12/05/2021 7:44am

Dow Jones News


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By Jaime Llinares Taboada

 

Coca-Cola HBC AG on Wednesday reported that its revenue fell 4.0% in the first quarter, but it met market expectations.

The FTSE 100 Coca-Cola bottler, which is 23% owned by Coca-Cola Co., generated net sales revenue of 1.35 billion euros ($1.64 billion) in the three months to March, down from EUR1.41 billion a year earlier.

The figure was broadly in line with the market consensus of EUR1.35 billion, taken from Vuma and based on 16 estimates.

Volume rose 1.5% to 490.8 million unit cases, but net sales revenue per unit case decreased 5.4% to EUR2.75. A unit case contains 5.68 litres, or 24 servings.

"The speed and shape of recovery from the pandemic remains uncertain, but the first quarter puts us on track to achieve our 2021 guidance for a strong recovery in FX-neutral revenues, along with a small increase in EBIT margin," Chief Executive Zoran Bogdanovic said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

May 12, 2021 02:29 ET (06:29 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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