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Coca-Cola HBC Information
Share Price Information for Coca-Cola HBC (CCH)
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Share Price:
2,614.00
Bid:
2,620.00
Ask:
2,622.00
Change:
-22.00 (-0.83%)
Spread:
2.00 (0.076%)
Open:
2,640.00
High:
2,644.00
Low:
2,614.00
Prev. Close:
2,636.00
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Don't have an account? Click here to register.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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13 May 2022 08:17
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TOP NEWS: Coca-Cola HBC first quarter sales up as mulls Russia options
(Alliance News) - Coca-Cola HBC AG on Thursday said its revenue surged in the first quarter of 2022, and the soft drink bottler expects to have a "much smaller presence" in Russia in the wake of the Kremlin's invasion of Ukraine.
Read more12 May 2022 09:31
Coca-Cola HBC weighing all options on Russia business
(Sharecast News) - Bottling firm Coca-Cola HBC said it was evaluating all options for its Russian operations and would have a smaller presence in the country after the US drinks company Coca-Cola suspended operations in response to the invasion of Ukraine.
Read more12 May 2022 08:01
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UK earnings, trading statements calendar - next 7 days
| Friday 6 May | |
| Beazley PLC | Trading Statement |
| InterContinental Hotels Group PLC | Q1 Results |
| International Consolidated Airlines Group SA | Q1 Results |
| Numis Corp | Half Year Results |
| S4 Capital PLC | Full Year Results |
| Spirent Communications PLC | Trading Statement |
| Monday 9 May | |
| HgCapital Trust PLC | Trading Statement |
| Georgia Capital PLC | Trading Statement |
| Kosmos Energy Ltd | Q1 Results |
| Tuesday 10 May | |
| FD Technologies PLC | Full Year Results |
| Pacific Assets Trust PLC | Full Year Results |
| Renishaw PLC | Trading Statement |
| Shanta Gold Ltd | Full Year Results |
| Treatt PLC | Half Year Results |
| Trellus Health PLC | Full Year Results |
| Wednesday 11 May | |
| Airtel Africa PLC | Full Year Results |
| Anexo Group PLC | Full Year Results |
| Angling Direct PLC | Full Year Results |
| Bank of Georgia Group PLC | Q1 Results |
| Brewin Dolphin Holdings PLC | Half Year Results |
| Compass Group PLC | Half Year Results |
| Conduit Holdings Ltd | Trading Statement |
| Dignity PLC | Trading Statement |
| ITV PLC | Trading Statement |
| Spirax-Sarco Engineering PLC | Trading Statement |
| Vertu Motors PLC | Full Year Results |
| Thursday 12 May | |
| 3i Group PLC | Full Year Results |
| Adnams PLC | Trading Statement |
| Balfour Beatty PLC | Trading Statement |
| BT Group PLC | Full Year Results |
| Coca-Cola HBC AG | Q1 Results |
| ConvaTec Group PLC | Trading Statement |
| Entain PLC | Trading Statement |
| Grainger PLC | Half Year Results |
| Hargreaves Lansdown PLC | Trading Statement |
| Plant Health Care PLC | Full Year Results |
| Rolls-Royce Holdings PLC | Trading Statement |
| Seraphim Space Investment Trust PLC | Q3 Results |
| Superdry PLC | Trading Statement |
| Titon Holdings PLC | Half Year Results |
| Versarien PLC | Half Year Results |
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TOP NEWS: Coca-Cola HBC set to suspend business in Russia
(Alliance News) - Coca-Cola HBC AG on Wednesday noted the announcement by Coca-Cola Co that it is suspending its business in Russia and explained it will move in "close alignment" with the soft drinks maker.
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