|Bid||29.84 x 82700|
|Ask||0.00 x 150000|
|Day's Range||29.66 - 30.10|
|52 Week Range||27.23 - 30.10|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||25.93|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
HBC, which produces Coca-Cola drinks under franchise for 28 mostly European markets and is one of the world's biggest soft-drinks bottlers, reported a 4.9% dip in operating profit to 288.9 million euros ($323.9 million), missing a company supplied average estimate of 319.8 million euros. The company, which bought Serbian confectionary firm Bambi in June, also reported acquisition-related costs. "We are pleased with this solid first half given the challenging combination of tough comparators and unseasonably cold and wet weather," Chief Executive Officer Zoran Bogdanovic said.
After Coca-Cola HBC AG's (LON:CCH) earnings announcement in December 2018, it seems that analyst expectations are...
The U.S. beverage giant had wanted to refranchise the unit as part of its global plan to divest its manufacturing and distribution assets to focus on main beverage business and boost margins. "While we remain committed to the refranchising process, we believe it's in the best interests of all involved for Coca-Cola to continue to hold and operate CCBA," Coca-Cola said in a statement.
The company, which sells Coca-Cola drinks in 28 countries mostly in Europe, said net sales revenue rose 4.4 percent to 1.41 billion euros (£1.2 billion) in the quarter. Its emerging markets segment saw net sales revenue rising 6.4 percent to 612.9 million euros, boosted by growth in Nigeria and expansion in Russia, Romania and Ukraine. The general business model of U.S. soft drinks giant Coca-Cola is to sell syrup to a network of franchise partners who do the heavy lifting of bottling and delivering the drinks.
The Swiss-based company, which bottles and sells Coca-Cola Co drinks in 28 countries, said Bambi had revenue of around 80 million euros in 2018, of which more than two thirds were earned in Serbia and the rest in the Western Balkans. It said the company had "strong" profitability and a margin on earnings before interest and taxation that was nearly three times higher that of Coca-Cola HBC. The deal to buy Bambi is expected to close in the second quarter of 2019, Coca-Cola HBC said.
The company - which bottles and sells Coca-Cola Co drinks in 28 countries, mostly in Europe - said costs related to refinancing an 800-million Euro bond, which matures in June 2020, may double this year and cross currency fluctuations would hurt its core profit by 50 million euros. It said this is likely to crimp consumer spending in its "established" and "developing" markets segments, which together comprised 48 percent of its volumes last year. Credit Suisse analysts, for example, lowered their earnings estimates for 2019 to 2021 by 3 percent, due to the higher financing costs.
Soft drink bottler Coca-Cola HBC (CCH.L) reported higher quarterly revenue, driven by demand in expanding markets such as Poland, Russia and Nigeria, and stood by its full-year outlook, sending its shares up 5 percent. The bottler of Coca-Cola Co (KO.N) drinks, whose shares had fallen about 19 percent since July, said third-quarter revenue rose 2.6 percent to 1.87 billion euros (1.62 billion pounds). Excluding the impact of currency fluctuations, revenue rose 4.5 percent, with the bulk of the growth coming from volume gains.
Soft drink bottler Coca-Cola HBC reported slightly higher-than-expected quarterly revenue growth on Thursday, driven by higher volumes. The bottler of Coca-Cola Co drinks said third-quarter revenue rose ...
How far off is Coca-Cola HBC AG (LON:CCH) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock is Read More...
In this article, I will take a quick look at Coca-Cola HBC AG’s (LON:CCH) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure of aRead More...