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  5. Coca-Coca HBC AG's first quarter revenue and volumes fall

Pin to quick picksCoca-Cola HBC Share News (CCH)

Coca-Cola HBC Information

Share Price Information for Coca-Cola HBC (CCH)

London Stock Exchange
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Share Price: 2,554.00
Bid: 2,542.00
Ask: 2,544.00
Change: 16.00 (0.63%)
Spread: 2.00 (0.079%)
Open: 2,538.00
High: 2,554.00
Low: 2,524.00
Prev. Close: 2,538.00
CCH Live PriceLast checked at -

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Coca-Coca HBC AG's first quarter revenue and volumes fall

Fri, 16th May 2014 07:07

- Revenue and volumes fall- Timing of Easter impacts results- Full-year expectations unchangedCoca-Cola HBC AG reported a drop in first quarter revenue and volumes due to the timing of Easter and foreign exchange movements.The second largest bottler of the brands of The Coca-Cola Company said volume declined by 4% to 409.6m cases in the three months to March 28th and new sales revenue fell 7% to €1.3bn. The company, which last year joined the FTSE 100, posted a net loss of €35.8m and earnings per share of €0.10."This quarter, Easter phasing and other timing issues combined with one-off items in some of our major markets has resulted in weak performance," said Chief Executive Dimitris Lois. "Given the seasonality of our business, the first quarter is typically small and therefore, not indicative of our expected full-year performance."However, Lois noted that the group had maintained market share in volume and value in 15 markets in Sparkling beverages and in 13 markets in non-alcohol ready-to-drink (NARTD). More specifically, the firm gained or maintained volume and value market share in markets including Austria, Belarus, Bosnia, Ireland, Romania, Russia, Serbia and Ukraine."We have also continued to focus on our revenue growth initiatives, growing currency-neutral net sales revenue per case for the eleventh consecutive quarter," Lois added." Moreover, we have made further progress on working capital management."While the challenging trading conditions persist in most of our territories, our expectations for the full year remain unchanged."The firm expects the impact of foreign exchange volatility to be in the region of €90-100m for the full year to be €90-100m.In response, the group has started additional pricing and cost cutting initiatives, primarily in Russia and Ukraine, which are expected to mitigate fully the incremental €20-30m impact to the upper end of original expectations for the year.RD
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23 Apr 2024 14:26

UK earnings, trading statements calendar - next 7 days

Wednesday 24 April 
1Spatial PLCFull Year Results
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Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Quilter PLCQ1 Results
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
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Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Dillistone Group PLCFull Year Results
Focusrite PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Hikma Pharmaceuticals PLCTrading Statement
Hummingbird Resources PLCTrading Statement
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
Pinewood Technologies Group PLCFull Year Results
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
Monday 29 April 
Beazley PLCTrading Statement
Biome Technologies PLCFull Year Results
Christie Group PLCFull Year Results
Gresham Technologies PLCFull Year Results
Jadestone Energy PLCFull Year Results
Oxford BioMedica PLCFull Year Results
SpaceandPeople PLCFull Year Results
Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
Capital & Regional PLCFull Year Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCHalf Year Results
Fadel Partners IncFull Year Results
Glencore PLCTrading Statement
Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
Northcoders Group PLCFull Year Results
Phoenix Spree Deutschland LtdFull Year Results
RBG Holdings PLCFull Year Results
Rotork PLCTrading Statement
Safestore Holdings PLCHalf Year Results
Shield Therapeutics PLCFull Year Results
St James's Place PLCTrading Statement
Whitbread PLCFull Year Results
  
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