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Share Price: 2,754.00

Bid: 2,754.00

Ask: 2,758.00

Change: 32.00 (1.18%)

Spread: 4.00 (0.145%)

Open: 2,722.00

High: 2,762.00

Low: 2,722.00

Prev. Close: 2,722.00

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Coca-Cola Q3 sales drop but on track for full year

Thu, 03rd Nov 2016 07:47

(ShareCast News) - Coca-Cola HBC posted a drop in third-quarter sales volumes on the back of unfavourable weather compared to the same period last year but said it was on track to meet expectations for the year.In the three months to the end of September, volumes declined 1% as the company expected against "very tough comparatives" in the prior-year quarter, when the exceptionally hot summer in some of its countries boosted demand, mainly for water. In the third quarter of 2015, group volumes had risen 5.4%.Total revenue was down 1.9% in the quarter, with net sales revenue per unit case down 0.7%.Chief executive officer Dimitris Lois said: "Performance in the third quarter was as expected, with lower volume reflecting the exceptional growth we saw in the third quarter of 2015. We are pleased with our commercial initiatives, which delivered an improvement in currency-neutral net sales revenue per case. The business is trading well and we remain confident in meeting our expectations for the full year."Volumes in established markets fell 2.5% in the quarter compared to a 7.4% jump in the same period a year ago, driven by water in Italy and Austria and tough comparatives due to a hot summer in 2015. A good performance from Coke Zero and Energy along with successful Coke Life launches in Austria and Italy partly offset declines led by water, the company said. Net sales revenue in established markets declined by 3.6% in the quarter. In developing markets, volume was down 4.2% compared to a 10.4% increase in the third quarter a year ago, with the majority of the countries in the segment seeing declines due to tough prior-year comparatives driven by demand for water. Net sales revenue in the developing markets dropped by 2.3% in the quarter. In emerging markets, volume growth improved to 1.3% in the period following a stable performance in the first half of the year, with Nigeria and Romania continuing to grow, while the rates of decline in Russia moderated.

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22 Feb 2023 17:56

DIRECTOR DEALINGS: Sales in Alphawave, Coca-Cola HBC, Mattioli Woods

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

16 Feb 2023 09:28

LONDON BROKER RATINGS: Citigroup starts Inchcape with 'buy'

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

15 Feb 2023 09:32

LONDON BROKER RATINGS: Bryan Garnier starts Unilever with 'neutral'

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

15 Feb 2023 08:59

LONDON MARKET OPEN: Stocks directionless but pound down after UK CPI

(Alliance News) - Stock prices in London opened largely lower on Wednesday as inflation in the UK slowed by slightly more than forecast in January, though remained in double digits.

15 Feb 2023 08:14

CORRECT: LONDON BRIEFING: UK inflation cools to 10.1%

(Correcting New York closing indices.)

15 Feb 2023 08:02

LONDON BRIEFING: UK inflation cools to 10.1%; Barclays profit down

(Alliance News) - Stock prices in London opened slightly higher on Wednesday in the wake of fresh data that revealed inflation in the UK was cooling.

14 Feb 2023 16:56

LONDON MARKET CLOSE: FTSE 100 scores record high but US CPI sours mood

(Alliance News) - European stocks closed mixed on Tuesday, while equities in New York suffered a less-than-stellar morning, as the rate of inflation in the US cooled at a slower pace than expected last month.

14 Feb 2023 12:04

LONDON MARKET MIDDAY: FTSE 100 comes near 8,000 ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Tuesday, as investors' focus shifted from the latest UK labour market report to a key US consumer price index print.

14 Feb 2023 08:54

TOP NEWS: Coca-Cola HBC achieves annual revenue rise; profit down

(Alliance News) - Coca-Cola HBC AG on Tuesday reported a strong year of organic growth, saying this was against a challenging backdrop, as it lifted its annual dividend by 9.9%.

14 Feb 2023 08:40

LONDON MARKET OPEN: Stocks rise after UK jobs and wages report

(Alliance News) - London equities opened higher on Tuesday, as new data showed that UK employment rate remained steady in the final three months of 2022, while average pay rose but saw one of the biggest falls in real terms since records began.

14 Feb 2023 07:59

LONDON BRIEFING: UK wage growth slows, real wages continue to fall

(Alliance News) - Stocks in London are set to open higher on Tuesday morning, as fresh data revealed UK average pay slowed in last three months of 2022 and saw one of the biggest falls in real terms since records began.

14 Feb 2023 07:23

Coca-Cola HBC posts strong set of 2022 results

(Sharecast News) - Coca-Cola HBC, a bottling partner of the US-based Coca-Cola Company, reported a "strong" set of results for the year ended 31 December on Tuesday.

7 Feb 2023 15:55

UK earnings, trading statements calendar - next 7 days

Wednesday 8 February
Ashmore Group PLC	Half Year Results
Barratt Developments PLC	Half Year Results
DCC PLC	Trading Statement
Hardide PLC	Full Year Results
PZ Cussons PLC	Half Year Results
Severn Trent PLC	Trading Statement
Smurfit Kappa Group PLC	Full Year Results
Thursday 9 February
AstraZeneca PLC	Full Year Results
Bellway PLC	Trading Statement
British American Tobacco PLC	Full Year Results
Compass Group PLC	Trading Statement
Redrow PLC	Half Year Results
Unilever PLC	Full Year Results
Watches of Switzerland Group PLC	Trading Statement
Friday 10 February
Lancashire Holdings Ltd	Full Year Results
S&U PLC	Trading Statement
Victrex PLC	Trading Statement
Monday 13 February
no events scheduled
Tuesday 14 February
Carr's Group PLC	Full Year Results
Coca-Cola HBC AG	Full Year Results
Plus500 Ltd	Full Year Results
Tui AG	Q1 Results
UP Global Sourcing Holdings PLC	Trading Statement

Copyright 2023 Alliance News Ltd. All Rights Reserved.

12 Jan 2023 09:40

LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP

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

10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

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

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