Coca-Cola HBC ups sales guidance for 2024 [Yahoo! Finance]
COCA COLA HBC UNSP/ADR (CCHGY)
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Source: Yahoo! Finance
The Coca-Cola bottler sees its revenue rising by 11-13% on an organic basis, versus an earlier forecast of 8-12%. The Finlandia vodka owner is forecasting its organic EBIT will grow between 10% and 12%, up from its previous prediction of growth of 7% to 12%. COGS per unit case, comparatively, are expected to rise by "low-single digits", driven by the impact of inflation and "transactional and translational FX". The group had previously projected growth of "low to mid-single digits". In terms of technical guidance, Coca-Cola HBC also expects "scope impact" from its acquisition of Finlandia from Brown-Forman, announced last year , on comparable EBIT, to sit at €14m to €16m ($15m to 17m). Former guidance expected an impact of €10m to €12m. In the nine months ended 27 September, the Fanta and Sprite producer booked a 5.2% rise in net sales revenue to €8.2bn, or up 13.7% organically. Volumes were up 3.5% on an organic and reported basis to 2.2 billion unit cases. In its third
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