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Coca-Cola HBC raises a glass as annual results beat forecasts
Evening Standard
|February 14, 2024
THE refreshed shares of Coca-Cola HBC today topped the FTSE 100 index after annual results by the European bottling group beat City forecasts.
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The group, which has an exclusive arrangement with the US company as well as partnerships with Monster Energy and Brown-Forman, hiked its dividend by 19% after 6.8% volume growth in the fourth quarter.
Chief executive Zoran Bogdanovic highlighted a third year of double-digit growth and record profits while he also pledged further progress against medium-term targets. Shares rebounded after their recent weakness to stand 5% or 110p higher at 2316p, fuelled by the forecast of revenues growth of 6%-7% in the current year.
Diese Geschichte stammt aus der February 14, 2024-Ausgabe von Evening Standard.
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