Coca-Cola HBC Upgrades 2026 Guidance After Strong First-Half Volume-Led Growth

Earnings
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Summary · why it matters

Coca-Cola HBC AG upgraded its full-year 2026 guidance after reporting a 9.6% increase in organic revenue and a 7.5% rise in organic volume for the first half. Comparable EBIT grew 15.2% organically to 760 million euros, with margins expanding 60 basis points to 12.2%, while comparable earnings per share rose 15.2% to 1.51 euros. The company now expects organic revenue growth around the top end of its 6% to 7% range and organic EBIT growth of 8% to 10% for the full year. Energy drinks volumes surged over 25%, contributing more than 10% of total volume, and sparkling drinks grew 6.4%, though premium spirits declined 1.5%. Free cash flow was 216 million euros, slightly lower year-on-year due to a planned increase in capital expenditure, which reached 6.1% of revenue.

Impact on stocks 2

Consumer Staples · 1 stocks
Coca Cola HBC AG
CCH
▲ PositiveDemandrelevance

Strong volume-led growth with energy drinks surging over 25% and upgraded guidance

Artificial Intelligence · 1 stocks