Coca-Cola HBC's Profit to Rise as Volumes Fizz -- Earnings Preview [MarketWatch]
COCA COLA HBC UNSP/ADR (CCHGY)
NASDAQ:AMEX Investor Relations:
coca-colahellenic.com/en/investors
Company Research
Source: MarketWatch
VOLUME GROWTH: The London and Athens-listed bottler for Coca-Cola is expected to report organic volume growth of 1.2%, according to a company-compiled market consensus provided by Vuma Financial Ltd. and based on 15 analysts' estimates. Volumes in unit cases are expected to increase to 2.82 billion from 2.71 billion unit cases. Advertisement REVENUE: The company is forecast to report organic revenue growth of 16.1%, according to a company-provided market consensus. Net sales revenue is anticipated to increase to 10.25 billion euros ($11.04 billion), compared with EUR9.20 billion reported a year ago. Citi analysts said in a note that net sales revenue is forecast to come in at EUR10.27 billion. NET PROFIT: Net profit for 2023 is anticipated to sharply rise to EUR712.6 million from 415.4 million a year ago, according to the company-provided market consensus based on 14 analyst estimates. EBIT: The group's comparable earnings before interest and taxes are forecast to increase to
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