Coca-Cola HBC enjoys double-digit growth Business A bottling giant behind Coca Cola and other major soft drinks has upgraded its guidance due to double-digit growth driven by continued demand in emerging markets. Coca-Cola HBC said that organic revenue grew by 13.9 per cent during the third quarter, with year-to-date revenue growth of 13.7 per cent. It upgraded its guidance for revenue [...]
Coca-Cola HBC raises guidance after strong half despite currency headwinds Retail Coca-Cola HBC AG has raised its guidance after the company reported another strong six months of growth, despite currency headwinds eating into the group’s profits in emerging markets. The bottling giant behind Coca Cola and other major soft drinks reported revenue growth of 3.1 per cent in the six months to 24 June. Sales of [...]
Coca-Cola HBC hit by exchange rate headwinds despite sales growth Coca-Cola HBC The bottling giant said revenue only grew by one per cent in the quarter, primarily due to foreign exchange turbulence, the company said.
Coca-Cola HBC buys vending machine firm BDS to grow in Ireland February 22, 2024 Coca-Cola HBC, the European bottling partner of Coca-Cola, has acquired Irish vending machine group BDS Vending Solutions. Founded in 1993, BDS Vending has around 2,000 vending machines spread across Ireland. The firm is headquartered in Dublin, but also has operational centres across Belfast, Cork, Galway, Limerick, Sligo and Wexford. BDS founders David Mullan and Brian Berry have [...]
FTSE 100: London markets rise after inflation comes in unexpectedly steady February 14, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
Coca-Cola HBC shares up 7.7 per cent as consumers guzzle energy drinks and coffee February 14, 2024 In its results for the period, which were published this morning, the firm said strong performance in energy drinks and coffee volumes were major growth drivers.
Coca-Cola HBC follows McDonald’s in feeling the heat of Israel-Gaza war boycotts February 6, 2024 Shares in Coca Cola HBC edged down this morning amid warnings from analysts that the bottler of the iconic fizzy drink could be the latest to feel the financial pain of Pro-Palestntain boycotts.
Coca-Cola HBC reports strong growth despite fluctuating volumes in Russia and Ukraine October 31, 2023 Chief executive Zoran Bogdanovic said the company continues to invest in its future with a "clear" focus.
Coca-Cola HBC faces questions over Russia operations August 20, 2023 Questions are being asked about the extent of Coca Cola HBC’s operations in Russia after a report suggested the firm has not fully withdrawn from the country despite pledging to do so. The London-listed firm, which is the European bottler for the Coca-Cola Company, said in March 2022 that it was suspending all operations in [...]
FTSE 100 close: London markets rise despite Chinese deflation August 9, 2023 London’s markets closed higher on Wednesday as a toning down of Italy’s windfall tax on banks calmed investors despite more negative news from China. The FTSE 100 closed 0.80 per cent higher at 7,587.30 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, ended 0.51 per cent higher [...]