Tag Archives: Coca-Cola Hellenic

Coca-Cola HBC optimistic on full year after half-year profit rises

Coca-Cola HBC on Thursday reported a 3.4% revenue decline for the first-half of 2016 to €3.04bn ($3.4bn) down from €3.2bn recorded in the first-half of 2015. The company blamed adverse currency conditions for the drop. On a neutral currency basis, revenue would have risen 2.4%.

JPMorgan ups potential of Coca-Cola HBC making a bid for newly formed African bottling group

Coca-Cola HBC has the potential to make a major acquisition, according to JPMorgan broker, Casenove. In a note examining the recent re-alignment in Coca-Cola bottling operations worldwide, Casenove noted the strategic value of Coca-Cola Beverages Africa (CCBA), which is widely speculated to be a possible takeover target of Coca-Cola HBC.

Coca-Cola HBC revenue hit by currency headwinds, strong Euro in first quarter 2016

Coca-Cola HBC, said that weak currencies in emerging markets and a strong Euro combined to hit revenue in the first quarter of 2016. It noted that if the effect of currency movements were removed, sales would have risen 2%.

The bottler of Coca-Cola brands in 28 countries including Nigeria said that net sales revenue fell 2.7% to €1.32bn, from €1.35bn in the same period a year ago. Volume growth for the group was flat at 439m cases, helped by increases in developing and emerging markets.

Analysts express concern over CCHBC’s 2015 earnings, amid currency headwinds in Nigeria

While Coca-Cola HBC’s (CCHBC) 2015 full year financial results showed a remarkable improvement in terms of volume growth, 3% and 16% rise in operating profits,  revenue for the company declined 2.5% to €6.35bn ($7bn), while profits also fell 4.9% to €280.3m.