Bottler Coca-Cola HBC raises 2024 revenue and operating profit forecasts By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
0mins
Source: Investing.com
Coca-Cola HBC's Financial Performance: The company raised its annual operating profit and revenue forecasts after reporting a 13.6% increase in organic revenue for the first half of 2024, driven by strong demand for packaged beverages despite inflationary pressures.
Revised Growth Expectations: For 2024, Coca-Cola HBC anticipates organic revenue growth between 8% and 12%, and organic earnings before interest and taxes growth between 7% and 12%, both exceeding previous estimates.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
