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Coca Cola HBC Targets Up To 6% Annual Revenue Growth For Next Six Years

Published on Jun 4 2019 8:47 AM in A-Brands tagged: Trending Posts / Coca Cola Hellenic

Coca Cola HBC Targets Up To 6% Annual Revenue Growth For Next Six Years

Coca-Cola's leading bottler Coca Cola HBC AG said on Monday it expects annual revenue growth over the next six years at around 6%, while pointing to margin growth below estimates for fiscal year 2020.

The company, which sells Coca-Cola drinks in 28 countries, said it expects comparable earnings before income tax (EBIT) margin of 11% by 2020, below analysts' average estimate of 11.2%, according to company compiled consensus.

Coca Cola HBC forecast comparable EBIT margin to rise by 20-40 basis points on an average beyond fiscal year 2020.

The company said its average annual revenue growth rate up to 2025 is expected to be in the range of 5%-6% on a currency-neutral basis.

The forecast comes ahead of an investor event in London later on Monday where the company will present its strategy to investors and analysts.

News by Reuters, edited by Donna Ahern Checkout. Click subscribe to sign up for the Checkout print edition.

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