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3Q top line comes in weaker-than-expected due to adverse FX | TheGreekDeal.com
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.
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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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