Coca Cola HBC
3Q top line comes in weaker-than-expected due to adverse FX
Coca Cola HBC reported weaker than expected third quarter top line figures largely due to adverse foreign exchange moves. Reiterated guidance.
Coca Cola HBC reported weaker-than-expected third quarter top line figures largely due to adverse foreign exchange moves.
In a trading update, the bottler said that third quarter group volumes rose 3.7% y-o-y to 785.2 million unit case. Revenues were up 3.8% to 2.8 billion euros.
Net revenues per unit case was barely changed at 3.56 euros.
CCHBC reiterated its guidance for mid-teens full-year organic revenue growth and organic EBIT growth in the range of 9% to 12% in 2023.
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