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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: 2,538.00
Bid: 2,534.00
Ask: 2,536.00
Change: 2.00 (0.08%)
Spread: 2.00 (0.079%)
Open: 2,534.00
High: 2,554.00
Low: 2,530.00
Prev. Close: 2,536.00
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Coca-Cola HBG volumes fizz but earnings dented by forex

Wed, 18th Feb 2015 07:11

Coca-Cola HBC, the Greece-based drinks bottler, enjoyed improved volumes and lower sugar and oil costs in the final few months of the year but earnings were hit by worsening currency movements.With an improved performance in Russia, among other regions, volumes rose 0.8% to 485m cases in the fourth quarter of the year, after falling in the preceding three quarters, meaning the full year saw a dip of 2.8%.With adverse movements in currencies since late November exceeding management expectations by €15m, and only partly offset by more friendly input costs, a 4.1% fall in net sales revenue in the quarter to €1.5bn was better than previous nine months, though the 11.7% decline in earnings per share to €0.083 was rather worse.This meant full-year earnings were dragged lower, down 5.6% to €0.76, compared to market expectations of €0.801, on full-year net revenues down 5.3% to €6.5bn.Analysts noted that the trading performance excluding currency impact looks "more resilient" than might have been anticipated.Directors proposed a slightly improved dividend payout of €0.36 per share, from €0.354 a year before.Chief executive Dimitris Lois searched for the positives: "Our business, with its strategy focused on execution in the markets, has delivered in a difficult year. We have won share, protected our margin and generated solid free cash flow."Indeed, volume and value share continued to grow in the fourth quarter in the majority of countries, ending the full year with higher or stable share in 16 markets in sparkling beverages and in 10 markets in non-alcoholic ready-to-drink (NARTD) products.For 2015, management has pledged a wide range of actions, from improving volumes through marketing initiatives and focusing on affordability to self-help efficiency measures.This year is expected to produce a "high single-digit" percentage decrease in input costs per case, before the impact of currency changes, which Lois predicts will be alleviated by the operational leverage from a predicted recovery in volumes and positive country mix."These efforts, along with materially reduced input costs, will help to mitigate the negative impacts of currency volatility, and related uncertainty in some key markets. We anticipate a challenging year and are optimistic that our business will prove its strengths in adversity."Shore Capital analyst Phil Carrol said that while there were "some encouraging signs" in the furth quarter performance, he expected short-sentiment to remain negative on the stock."The results from a profit perspective are below market expectations as FX depreciation in Q4 has materially impacted the profit performance of its emerging markets division. That said, the trading performance ex currency impact looks more resilient than might have been anticipated."
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23 Apr 2024 14:26

UK earnings, trading statements calendar - next 7 days

Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
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
Thursday 25 April 
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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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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2 Apr 2024 09:54

LONDON BROKER RATINGS: Bernstein starts AstraZeneca at 'outperform'

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

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26 Mar 2024 13:50

DIRECTOR DEALINGS: Coca-Cola HBC CEO sells GBP375,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:

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29 Feb 2024 16:31

DIRECTOR DEALINGS: Coca-Cola HBC directors sell GBP800,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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22 Feb 2024 09:32

Coca-Cola HBC buys Irish vendor BDS Vending Solutions

(Alliance News) - Coca-Cola HBC AG on Thursday said it had acquired a "well-established" Irish vending company.

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22 Feb 2024 07:19

Coca-Cola HBC buys Irish vending-machine firm BDS

(Sharecast News) - Coca-Cola HBC, the Switzerland-based bottling partner of the Coca-Cola Company, has announced it is snapping up an Irish vending-machine business to "unlock profitable opportunities".

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14 Feb 2024 16:53

LONDON MARKET CLOSE: Investors celebrate steady UK inflation

(Alliance News) - Stock prices in London closed higher on Wednesday, after data showed that the UK's annual inflation rate was steady last month, defying expectations of an acceleration.

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14 Feb 2024 15:23

London close: Stocks rise as UK inflation holds steady

(Sharecast News) - London markets ended the day on a positive note on Wednesday as housebuilders rallied, following data indicating that UK inflation remained steady in January.

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14 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 outperforms as UK inflation undershoots

(Alliance News) - Stock prices in London were higher on Wednesday afternoon, taking confidence from a more favourable than expected UK inflation reading, which supported shares in housebuilders.

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14 Feb 2024 09:40

LONDON BROKER RATINGS: Panmure likes Nichols; Jefferies cuts Bytes

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

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14 Feb 2024 08:39

LONDON MARKET OPEN: Stocks up on tamer than forecast UK inflation data

(Alliance News) - London's FTSE 100 opened higher on Wednesday, with a favourable UK inflation reading given equities a much-needed shot in the arm, after a tough start to the year was exacerbated by a red-hot US consumer price index report on Tuesday.

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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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