Reported 2 months ago
Coca-Cola HBC has raised its 2024 revenue and operating profit forecasts thanks to strong results in the first half of the year, where organic revenue grew by 13.6%. Despite higher profits, the company faced scrutiny from investors due to lower-than-expected EBIT and earnings per share, causing a nearly 2% decline in stock price. The group anticipates organic revenue growth of 8% to 12% and EBIT growth of 7% to 12% for the full year, although they remain cautious about a challenging economic environment ahead.
Source: YAHOO