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

Share Price Information for Coca-Cola HBC (CCH)

London Stock Exchange
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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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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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14 Feb 2024 08:39

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14 Feb 2024 08:08

TOP NEWS: Coca-Cola HBC ups payout and hails double-digit profit hike

(Alliance News) - Drink bottling company Coca-Cola HBC AG on Wednesday lifted its dividend and announced "record" annual profit.

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14 Feb 2024 07:59

CORRECT: United Utilities hit by storms; Severn Trent bullish

(Correcting to clarify that stocks are called to open higher on Wednesday.)

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14 Feb 2024 07:48

LONDON BRIEFING: United Utilities hit by storms; Severn Trent bullish

(Alliance News) - Equities in London are called to open lower on Wednesday, after a morale-boosting UK inflation reading.

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14 Feb 2024 07:21

Coca-Cola HBC posts record 2023 profits on strong sales

(Sharecast News) - Coca-Cola HBC on Wednesday posted record profits last year driven by surging sales and volumes for sparkling drinks and coffee combined with costs easing in the second half.

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7 Feb 2024 17:49

IN BRIEF: Coca-Cola HBC names Anastasis Stamoulis as new CFO

Coca-Cola HBC AG - Switzerland-based strategic bottling partner of Coca-Cola Co - After announcing in January the resignation of Chief Financial Officer Ben Almanzar, says that Anastasis Stamoulis will take on the CFO role. The change comes into effect from May 1. Stamoulis is an internal hire, who has already worked in financial positions within Coca-Cola HBC, including as CFO in several of the company's operations, as group financial controller, group financial operations, and as head of strategic finance and FP&A.

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7 Feb 2024 15:53

UK earnings, trading statements calendar - next 7 days

Thursday 8 February 
Anglo American PLCTrading Statement
AstraZeneca PLCFull Year Results
British American Tobacco PLCFull Year Results
Compass Group PLCTrading Statement
SSE PLCTrading Statement
Unilever PLCFull Year Results
Friday 9 February 
Bellway PLCTrading Statement
S&U PLCTrading Statement
Victrex PLCTrading Statement
Monday 12 February 
no events scheduled 
Tuesday 13 February 
no events scheduled 
Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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15 Jan 2024 17:45

Coca-Cola HBC's finance chief to leave firm for North America role

(Alliance News) - Coca-Cola HBC AG on Monday said its chief financial officer intends to leave the company to take up a new unnamed opportunity in North America.

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15 Jan 2024 17:09

Coca-Cola HBC CFO Almanzar to step down

(Sharecast News) - Coca-Cola HBC said on Monday that chief financial officer Ben Almanzar plans to leave the company to take up a new opportunity in North America.

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5 Jan 2024 08:57

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21 Dec 2023 17:36

IN BRIEF: Coca-Cola HBC CEO sells 13,500 shares for GBP300,000

Coca-Cola HBC AG - Switzerland-based soft-drink bottling partner of Coca-Cola Co - On Thursday says that Chief Executive Officer Zoran Bogdanovic had sold 13,500 ordinary shares of CHF6.70 each on Wednesday. The shares sold at a price of GBP23.10 each, amounting to a transaction value of GBP311,850.

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1 Dec 2023 17:36

DIRECTOR DEALINGS: Smurfit Kappa director sells EUR972,000 in shares

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29 Nov 2023 09:51

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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