Coca-Cola HBC Expects Rise in Annual Revenue Growth
June 06 2016 - 8:02AM
Dow Jones News
By Olga Cotaga
LONDON--Soft drinks bottler Coca-Cola HBC AG (CCH.LN) Monday
said it expects average annual revenue to grow 4%-5% in the medium
term on a currency-neutral basis.
The company said, as part of its medium-term strategy, it sees
comparable earnings before interest and tax rising to 11%, from
7.5% in 2015. It expects to cut operating expenses as a percentage
of net sales revenue to 26% or 27%, down from 29.2% in 2015.
"We have a balanced spread of territories with structurally
attractive characteristics and specific plans for growth," Chief
Executive Dimitris Lois said. "We have reflected these factors in
our new targets... which illustrate our confidence in the
medium-term potential of the business."
At 1115 GMT, shares were up 17 pence, or 1.3%, at 1349 pence
valuing the company at 4.87 billion pounds ($7.06 billion).
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
June 06, 2016 07:47 ET (11:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Coca-cola Hbc (LSE:CCH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Coca-cola Hbc (LSE:CCH)
Historical Stock Chart
From Sep 2023 to Sep 2024