Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Coca Cola HBC targets up to 6% annual revenue growth for next six years

Published 03/06/2019, 13:04
© Reuters. Logos are seen on Coca-Cola bottles
KO
-
CCH
-

(Reuters) - Coca-Cola's leading bottler Coca Cola HBC AG (LON:CCH) said on Monday it expects annual revenue growth over the next six years at around 6%, while pointing to margin growth below estimates for fiscal year 2020.

The company, which sells Coca-Cola (NYSE:KO) drinks in 28 countries, said it expects comparable earnings before income tax (EBIT) margin of 11% by 2020, below analysts' average estimate of 11.2%, according to company compiled consensus.

Coca Cola HBC forecast comparable EBIT margin to rise by 20-40 basis points on an average beyond fiscal year 2020.

The company said its average annual revenue growth rate up to 2025 is expected to be in the range of 5%-6% on a currency-neutral basis.

The forecast comes ahead of an investor event in London later on Monday where the company will present its strategy to investors and analysts.

© Reuters. Logos are seen on Coca-Cola bottles

The FTSE-100 company's shares were down 1.1% at 1143 GMT.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.