Business
SOLID RESULTS; FULL YEAR EXPECTATIONS UNCHANGED
SOLID RESULTS; FULL YEAR EXPECTATIONS UNCHANGED.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \nRNS Number : 3243I Coca-Cola HBC AG 08 August 2019 \n\nSOLID RESULTS; FULL YEAR EXPECTATIONS UNCHANGED\nCoca-Cola HBC AG, a leading bottler of The Coca-Cola Company, reports its financial results for the six months ended 28 June 2019.\nHalf-year highlights\n· Solid H119 currency-neutral revenue growth of 3.4%, cycling exceptionally strong growth in Q218 \n· Unseasonably wet and cold weather conditions in the second quarter were a headwind to revenue growth in all segments; warmer weather in the second half of June drove stronger performance\n· Currency-neutral revenue per case up 1.2% in the first half, showed an improvement in the second quarter driven by Europe, with positive contributions from pricing, as well as category and package mix\n· Volume growth of 2.2% in the first half, with 2.4% growth in Sparkling \n- Volume in the Established markets increased by 0.4%; encouragingly positive performance in Italy\n- Developing markets volumes grew by 1.4%; challenging comparable in the prior-year period\n- Emerging markets volumes grew by 3.4%; continued strong growth in Nigeria \n- Innovation drove 4.5 percentage points of volume growth\n· Revenue leverage and the cycling of the FIFA World Cup investments, resulted in a 50 basis point improvement in comparable operating expenses as a percentage of net sales revenue\n· Comparable operating profit margin up 10 basis points to 9.7% while comparable operating profit increased by 4.7%\n· Comparable earnings per share was €0.612, a 1.5% increase on the prior-year period, while basic earnings per share was €0.536, a 9.2% decrease\n\n\n\n\n \n\n\nHalf-Year\n\n\nChange\n\n\n\n\n \n\n\n 2019\n\n\n 2018\n\n\n \n\n\n\n\nVolume (m unit cases)\n\n\n1,090.4\n\n\n1,067.4\n\n\n2.2%\n\n\n\n\nNet sales revenue (€ m)\n\n\n3,352.4\n\n\n3,228.3\n\n\n3.8%\n\n\n\n\nNet sales revenue per unit case (€)\n\n\n3.07\n\n\n3.02\n\n\n1.7%\n\n\n\n\nFX-neutral net sales revenue1 (€)\n\n\n3,352.4\n\n\n3,241...