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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Coca-Cola HBC    CCH   CH0198251305

COCA-COLA HBC (CCH)
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Coca Cola HBC : beats estimates, sees growth ahead

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02/14/2018 | 10:18am CEST
FILE PHOTO: A man cycles past the Coca Cola bottling plant in Los Angeles

LONDON (Reuters) - Drinks maker Coca-Cola HBC reported higher-than-expected full-year sales and profits on Wednesday, as improving economic conditions boosted sales volumes and prices.

The company, which sells Coca-Cola drinks in 28 countries mostly in Europe, said it expected the improvement to continue this year with "further economic growth and healthy inflation."

"Europe, without Russia, is coming out of deflation to healthy levels of inflation, which going forward, will give us opportunities for incidental smart pricing," Chief Executive Zoran Bogdanovic told reporters.

In Russia, he said he expected inflation to stay around the mid-single digit level, saying this would moderate pricing but could help volumes. In Nigeria, another big market for the bottler, inflation was expected to stay around the mid-teens, he said.

Still, the company expects higher volumes across its business, with Russia and Nigeria returning to volume growth.

The company's shares were up 3.8 percent at 0844 GMT.

In 2017, sales grew 4.9 percent to 6.5 billion euros.

Excluding currency fluctuations, sales rose 5.9 percent, above the company's mid-term target for growth of 4 to 5 percent. Volume rose 2.2 percent.

Comparable earnings before interest and tax (EBIT) rose 20 percent to 621 million euros, with comparable earnings per share up about 27 percent to 1.23 euros, ahead of analyst forecasts.

Bogdanovic, who took over as chief executive in December following the death of CEO Dimitris Lois, said there was a strong pipeline of product innovation and commercial activity lined up for 2018.

He declined to comment when asked about Coca-Cola's plan to sell its African bottling assets, a process that started last year.

(Reporting by Martinne Geller; Editing by Kirsten Donovan and Edmund Blair)

By Martinne Geller

Stocks treated in this article : Coca-Cola Company (The), Coca Cola HBC AG
Stocks mentioned in the article
ChangeLast1st jan.
COCA-COLA COMPANY (THE) 0.13% 45.89 Delayed Quote.0.44%
COCA-COLA HBC -0.30% 2644 Delayed Quote.9.59%
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Financials (€)
Sales 2018 6 672 M
EBIT 2018 680 M
Net income 2018 494 M
Debt 2018 646 M
Yield 2018 2,04%
P/E ratio 2018 22,23
P/E ratio 2019 19,74
EV / Sales 2018 1,73x
EV / Sales 2019 1,62x
Capitalization 10 893 M
Chart COCA-COLA HBC
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Technical analysis trends COCA-COLA HBC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 30,9 €
Spread / Average Target 4,0%
EPS Revisions
Managers
NameTitle
Zoran Bogdanovic Chief Executive Officer & Executive Director
Anastassis Georgiou David Non-Executive Chairman
Michalis Imellos Chief Financial Officer
Anastasios Ioannis Leventis Non-Executive Director
Christodoulos-Robert C. Leventis Non-Executive Director
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