BOTTLER Coca-Cola HBC delivered full year revenue growth in every segment last year as operating profit grew more than 10 per cent to €715.3m.

Operating profit grew 11.9 per cent last year from €639.4m to €715.3m.

Revenue for the full year grew 4.4 per cent and revenue in the fourth quarter climbed 7.4 per cent, which partially offset the impact of poor weather in the second and third quarter.

Volume grew in all segments, up 3.3 per cent for the year, showing strong acceleration in the fourth quarter, which was up 8.3 per cent.

The board proposes an ordinary dividend of €0.62 per share, an 8.8 per cent increase on 2018.

Shares rose 3.6 per cent yesterday to 2,883p. The company said that all market segments delivered full-year revenue growth.

Its established segment grew 1.3 per cent fuelled by an ongoing strong performance in Italy, while its developing market grew 4.2 per cent. Demand in emerging markets like Nigeria and Romania helped its operating profit rise 11.9 per cent for the year.

The firm has begun its integration with Italian brand Acque Minerali.

(c) 2020 City A.M., source Newspaper