|Bid||2,393.00 x 0|
|Ask||2,394.00 x 0|
|Day's range||2,375.00 - 2,420.00|
|52-week range||2,224.00 - 3,094.00|
|Beta (3Y monthly)||0.48|
|PE ratio (TTM)||16.68|
|Earnings date||9 Aug 2019 - 10 Aug 2019|
|Forward dividend & yield||0.52 (2.16%)|
|1y target est||27.82|
HBC, which produces Coca-Cola drinks under franchise for 28 mostly European markets and is one of the world's biggest soft-drinks bottlers, reported a 4.9% dip in operating profit to 288.9 million euros ($323.9 million), missing a company supplied average estimate of 319.8 million euros. The company, which bought Serbian confectionary firm Bambi in June, also reported acquisition-related costs. "We are pleased with this solid first half given the challenging combination of tough comparators and unseasonably cold and wet weather," Chief Executive Officer Zoran Bogdanovic said.
The company, which sells Coca-Cola drinks in 28 countries mostly in Europe, said net sales revenue rose 4.4 percent to 1.41 billion euros (£1.2 billion) in the quarter. Its emerging markets segment saw net sales revenue rising 6.4 percent to 612.9 million euros, boosted by growth in Nigeria and expansion in Russia, Romania and Ukraine. The general business model of U.S. soft drinks giant Coca-Cola is to sell syrup to a network of franchise partners who do the heavy lifting of bottling and delivering the drinks.
The Swiss-based company, which bottles and sells Coca-Cola Co drinks in 28 countries, said Bambi had revenue of around 80 million euros in 2018, of which more than two thirds were earned in Serbia and the rest in the Western Balkans. It said the company had "strong" profitability and a margin on earnings before interest and taxation that was nearly three times higher that of Coca-Cola HBC. The deal to buy Bambi is expected to close in the second quarter of 2019, Coca-Cola HBC said.
Soft drink bottler Coca-Cola HBC reported higher quarterly revenue, driven by demand in expanding markets such as Poland, Russia and Nigeria, and stood by its full-year outlook, sending its shares up 5 percent. The bottler of Coca-Cola Co drinks, whose shares had fallen about 19 percent since July, said third-quarter revenue rose 2.6 percent to 1.87 billion euros (1.62 billion pounds). Excluding the impact of currency fluctuations, revenue rose 4.5 percent, with the bulk of the growth coming from volume gains.