Business
Becoming The Leading 24/7 Beverage Partner
Becoming The Leading 24/7 Beverage Partner.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 9435A Coca-Cola HBC AG 03 June 2019 \n\nFOR IMMEDIATE RELEASE\nCoca-Cola HBC AG Capital Markets Day\n \nBECOMING THE LEADING 24/7 BEVERAGE PARTNER\n \nCoca-Cola HBC AG (\"Coca-Cola HBC\", \"Company\", \"we'), a leading bottler of the brands of The Coca-Cola Company, is hosting an investor event in London today, 3 June 2019, where management will present to investors and analysts the Company's strategy to deliver continued strong growth to 2025.\n \nIn 2016, we set out ambitious targets to deliver a step-change in performance in the period to 2020. This included average currency-neutral revenue growth of 4-5% and an 11% Comparable EBIT1 margin by 2020. In 2018 we reported very strong progress against these targets, including currency-neutral revenue growth above the target range for the second consecutive year and a Comparable EBIT margin of 10.2%, an improvement of 270 bps since the start of the plan. These milestones were achieved whilst managing capital prudently and returning significant value to shareholders.\n \nLooking further into the future, we are confident about our continued growth. We operate in a very attractive industry with a unique and broad product portfolio, a clear strategy and the core capabilities to continue delivering strong performance.\n \nToday we will be setting out new financial and operational targets to cover the period up to 2025:\n \n· Average annual revenue growth rate in the range of 5.0-6.0% on a currency-neutral basis (2018: 6.0%);\n· Comparable EBIT margin of 11% by 2020, and an improvement of 20 to 40bps a year on average beyond that (2018: 10.2%);\n· Achieving our 2025 sustainability commitments; and\n· Maintaining our high employee engagement levels\n \nZoran Bogdanovic, Chief Executive Officer of Coca-Cola HBC AG, commented\n\"In 2016 we set out a bold plan for 2020 to deliver strong growth in revenue and margins. We are delivering against these targets and we go into the final stages of this plan as a considerably stronger and more capable organisation. \nToday we have announced a new and ambitious plan to continue our strong growth to 2025 which, guided by our vision to become the Leading 24/7 Beverage Partner, targets another step up in financial perfo...