The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

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

Share Price Information for Coca-Cola HBC (CCH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,782.00
Bid: 2,786.00
Ask: 2,788.00
Change: 14.00 (0.51%)
Spread: 2.00 (0.072%)
Open: 2,758.00
High: 2,790.00
Low: 2,744.00
Prev. Close: 2,768.00
CCH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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

Wed, 14th Feb 2024 08:08

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

Shares in the company surged 5.2% to 2,321.00 pence each in London on Wednesday morning, the best large-cap performer.

The firm, which operates in nations including Cyprus, Greece and Italy, said net sales revenue surged 11% in 2023 to EUR10.18 billion, from EUR9.20 billion in 2022. Net sales fell shy of the Vuma cited consensus of EUR10.25 billion.

Pretax profit shot up 46% to EUR910.3 million from EUR623.6 million, but was shy of consensus of EUR976.3 million.

Organic revenue in 2023 jumped 17%, ahead of consensus of a 16% surge, however.

"I am deeply proud of our team as we delivered a third year of double-digit growth and record profits," Chief Executive Officer Zoran Bogdanovic said.

The CEO added: "2023 was another year of consistent execution of our growth strategy. We delivered volume growth, share gains, improved margins and record levels of free cash flow. As a result, we were able to increase shareholder returns, including the launch of a share buyback programme."

Coca-Cola HBC proposed an ordinary 2023 dividend of EUR0.93 per share, up 19% from 2022. It had launched a EUR400 million two-year share buyback programme in November.

For 2024, it targets organic revenue growth in its 6% to 7% medium-term target range.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
15 Aug 2022 11:15

Citi hikes target on CCH but stays at 'neutral' on limited visibility for 2023

(Sharecast News) - Analysts at Citi hailed Coca Cola HBC's first half numbers, hiking their target price for the shares in the process.

Read more
15 Aug 2022 09:31

LONDON BROKER RATINGS: JPMorgan cuts Auto Trader and Trainline

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

Read more
12 Aug 2022 15:54

Deutsche Bank hikes target price on Coca-Cola HBC

(Sharecast News) - Analysts at Deutsche Bank raised their target price on bottling company Coca-Cola HBC from 2,525.0p to 2,600.0p on Friday, stating the stock was "still going cheap" despite recent strong growth.

Read more
11 Aug 2022 16:52

LONDON MARKET CLOSE: US inflation elation fades; GSK and Haleon weigh

(Alliance News) - Equities in London failed to sustain gains into Thursday despite further data showing price pressures may finally be easing in the US.

Read more
11 Aug 2022 12:27

LONDON MARKET MIDDAY: Stocks down; Haleon and GSK hit by Zantac worry

(Alliance News) - Stock prices in London were mostly lower at midday on Thursday as a rally fuelled by cooling US inflation lost steam, while Walt Disney shares surged in New York after posting huge subscriber growth.

Read more
11 Aug 2022 08:58

LONDON MARKET OPEN: Network International surges on share buyback

(Alliance News) - Stock prices in London opened mixed on Thursday on a busy day of company news, with Coca-Cola HBC leading the FTSE 100 after well-received interim results, while Network International boosted the FTSE 250.

Read more
11 Aug 2022 08:51

TOP NEWS: Coca-Cola HBC interim sales growth overcomes Russia fallout

(Alliance News) - Coca-Cola HBC AG on Thursday said its first half was "strong" despite a severe drop in profit, knocked back by the significant costs involved in exiting from Russia.

Read more
11 Aug 2022 07:52

Coca-Cola HBC H1 profits drop despite revenue growth

(Sharecast News) - Bottling group Coca-Cola HBC said on Thursday that revenues had grown in the six months ended 1 July but contracting margins had led to a drop in interim profits.

Read more
11 Aug 2022 07:50

LONDON MARKET PRE-OPEN: Antofagasta slashes dividend as profit slumps

(Alliance News) - Stock prices in London are seen opening slightly higher on Thursday, following gains by US and Asian equity markets overnight, after data on Wednesday showed US inflation finally easing from a four-decade high.

Read more
9 Aug 2022 08:32

Coca-Cola HBC buys mixer product line Three Cents for EUR45 million

(Alliance News) - Coca-Cola HBC AG on Tuesday said its wholly-owned subsidiary CC Beverages Holdings II BV has bought ESM Effervescent Sodas Management Ltd, which operates the brand Three Cents.

Read more
9 Aug 2022 07:07

Coca-Cola HBC to acquire ESM Effervescent Sodas

(Sharecast News) - Beverage company Coca-Cola Hellenic Bottling has agreed to acquire ESM Effervescent Sodas from Greece's IDEAL Holdings' wholly-owned SICC Holdings subsidiary.

Read more
14 Jul 2022 09:45

LONDON BROKER RATINGS: Berenberg lifts Hunting; Goldman downgrades BHP

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

Read more
13 Jul 2022 10:02

LONDON BROKER RATINGS: Jefferies likes Tyman; UBS cuts Beazley

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

Read more
13 Jul 2022 09:37

Deutsche Bank raises target price on Coca-Cola Hellenic

(Sharecast News) - Analysts at Deutsche Bank raised their target price on Coca-Cola Hellenic from 2,475.0p to 2,525.0p on Wednesday, stating they were expecting "another solid release" from the firm.

Read more
21 Jun 2022 22:13

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.