Coca-Cola HBC sales growth tops estimates
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LONDON (Reuters) - Soft drink bottler Coca-Cola HBC (CCH.L) reported better-than-expected quarterly sales growth on Thursday, helped by higher prices and strength in developing markets.
The company said revenue rose 4.5 percent on a currency-neutral basis in the first quarter, helped by a 2.3 percent increase in the number of drinks sold as well as improvements in price and mix of drinks.
Analysts were expecting growth of 4 percent, with a 1.9 percent rise in volume, according to Jefferies analysts.
Including currency fluctuations, reported revenue fell 1.7 percent.
(Reporting by Martinne Geller; Editing by Adrian Croft)
