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    CCH   CH0198251305

COCA-COLA HBC AG

(CCH)
  Report
Delayed Quote. Delayed London Stock Exchange - 06/11 11:35:18 am
2634 GBX   -0.72%
06/11COCA COLA HBC  : presentation Q&A transcript
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06/11COCA COLA HBC  : fireside chat Q&A transcript
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06/10COCA COLA HBC  : Receives Admission From Athens Stock Exchange For Already Issued Shares
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Coca Cola HBC : European Coke bottler sees signs of recovery after first-half profits slide

08/05/2020 | 02:48am EDT
Bottles of Coca-Cola are displayed at a supermarket of Swiss retailer Denne in Glattbrugg

Soft drinks bottler Coca Cola HBC AG on Wednesday posted a drop in first-half profit due to coronavirus-led closures of restaurants, cinemas and other public places, while saying sales had recovered some momentum from April lows as lockdowns eased.

The company, which bottles and sells Coca-Cola Co drinks in 28 countries, said comparable operating profit fell 35.8% to 208.8 million euros ($246.49 million) for the six months ended June 26, beating company-supplied consensus of 191.7 million euros.

HBC said out-of-home volumes - which include sales at hotels, restaurants and cafes - during the initial weeks of lockdowns fell by 70%-90% but improved to declines of 25%-50% in May and June and 10%-40% in July.

The company's out-of-home channel typically accounts for slightly over 40% of its revenue.

The Zug, Switzerland-based company said its retail sales improved since April, when performance was hit by some customer de-stocking.

HBC said it expects a negative impact for 2020 due to weaker consumer environment and tourist season, as well as the risk of a second coronavirus wave.

U.S.-based Coca-Cola Co owns a 23.2% stake in Coca-Cola HBC, according to Refinitiv data.

($1 = 0.8471 euros)

(Corrects to "beating" consensus not "missing" in second paragraph)

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
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Financials
Sales 2021 6 729 M 8 147 M 8 147 M
Net income 2021 502 M 608 M 608 M
Net Debt 2021 1 607 M 1 945 M 1 945 M
P/E ratio 2021 22,2x
Yield 2021 2,15%
Capitalization 11 190 M 13 551 M 13 549 M
EV / Sales 2021 1,90x
EV / Sales 2022 1,74x
Nbr of Employees 27 722
Free-Float 52,1%
Chart COCA-COLA HBC AG
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Coca-Cola HBC AG Technical Analysis Chart | MarketScreener
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Technical analysis trends COCA-COLA HBC AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 32,71 €
Last Close Price 30,68 €
Spread / Highest target 14,1%
Spread / Average Target 6,63%
Spread / Lowest Target -17,5%
EPS Revisions
Managers and Directors
NameTitle
Zoran Bogdanovic Chief Executive Officer & Executive Director
Ben Almanzar Chief Financial Officer
Anastassis Georgiou David Non-Executive Chairman
Mourad Ajarti Chief Information Officer
Naya Kalogeraki Chief Operating Officer
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