|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||28.045 - 28.045|
|52 Week Range||21.130 - 28.620|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Fizzy drinks are subject to health warnings that would make a tobacco company wince. Impressive, then, for Coca-Cola HBC to report rising revenue and profits in the first half of the year. The FTSE 100 ...
Soft drink bottler Coca-Cola HBC reported higher-than-expected first-half sales on Thursday, helped by price increases, sending its shares up more than 8 percent to all-time highs. The company, which was the top gainer on London's FTSE 100 index, said operating profit jumped by nearly 21 percent to 266.4 million euros ($312.5 million) in the first half of the year on sales revenue up 5.6 percent to 3.21 billion euros. The company, which bottles and sells Coca-Cola drinks in over two dozen countries, sold 1.4 percent more drinks, but the bulk of the sales growth came from price increases and selling a greater proportion of more expensive drinks.
Soft drink bottler Coca-Cola HBC forecast modest sales volume growth for the full year after a roughly flat first half, citing slowing declines in Russia and continued growth in Nigeria. The company, which bottles Coca-Cola drinks in 28 countries, on Thursday reported improved earnings for the first half of the year, helped by cost-cutting and lower commodity costs.