Subscribe Login

Bottler Coca-Cola HBC Lifts Full-Year Profit Expectation

By Donna Ahern
Bottler Coca-Cola HBC Lifts Full-Year Profit Expectation

Bottler Coca-Cola HBC raised its 2023 profit expectation on Friday, aided by robust sales and price increases in the first half of the year.

The company said it now expects organic operating profit growth of 9%-12% for the year end to December, up from its previous forecast of the top end of a -3% to +3% range.

The London-listed company said the forecast upgrade comes on the back of a stronger-than-expected finish to the first six months of the year, capped by a "very good overall" performance in June.

The company also said its mid-term guidance from 2024 onwards remained unchanged.

Read More: Coca-Cola HBC To Buy Finlandia Vodka From Brown-Forman

News by Reuters, edited by Donna Ahern, Checkout. For more A-brand news, click here. Click subscribe to sign up for the Checkout print edition.


Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.