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Coca-Cola HBC AG (CCH.L)

LSE - LSE Delayed Price. Currency in GBp
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2,183.000.00 (0.00%)
At close: 4:35PM GMT
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  • European Coke bottler to hike ad spend for returning events
    Reuters

    European Coke bottler to hike ad spend for returning events

    The company, which bottles and sells Coca-Cola <KO.N> drinks in 28 countries, on Wednesday posted sales of 1.83 billion euros (1.63 billion pounds), above a consensus of 1.79 billion euros. HBC's at-home channel, which contributes nearly 60% of HBC's revenue, grew by mid-single digits in the quarter, while business consumption also improved, HBC said.

  • European Coke bottler sees signs of recovery after first-half profits slide
    Reuters

    European Coke bottler sees signs of recovery after first-half profits slide

    The company, which bottles and sells Coca-Cola Co <KO.N> 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. 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.