Business
Strong volumes, revenue, EBIT; investing in growth
Strong volumes, revenue, EBIT; investing in growth.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n \n \n \n Strong volumes, revenue, EBIT; investing in growth\n \n \n \n Coca-Cola HBC AG, a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, reports its financial results for the six months ended 1 July 2022.\n \n \n \n \n \n \n \n \n Half-year highlights\n \n \n \n \n \n \n \n \n ·\n \n Execution of our strategy drove continued strong organic growth1, well balanced between volume and price/mix\n \n \n \n o \n Organic revenue +19.4%. Reported revenues +29.6%\n \n \n o \n Excluding Russia and Ukraine organic revenue +25.2%, with volume +12.1%\n \n \n o \n Organic revenue per case of 14.0% benefited from pricing and targeted actions to improve mix, further supported by out-of-home channel recovery\n \n \n o \n Broad based volume momentum continues outside of Russia and Ukraine, with growth led by strategic priorities\n \n \n o \n Integration of Egypt progressing well; 7 pp addition to reported revenue growth\n \n \n o \n Further value and volume share gains in NARTD and Sparkling\n \n \n \n \n \n ·\n \n Organic EBIT up 23.0%, with margins up 30bps on an organic basis to 11%, benefiting from pricing, mix and cost discipline\n \n \n \n o \n Quality of revenue growth driving underlying profit expansion\n \n \n o \n Opex as a percent of revenue improved, driven by operating leverage and cost savings\n \n \n o \n Marketing expenses excluding Russia and Ukraine increased by 9%\n \n \n \n \n \n ·\n \n Continued investment behind strategic priorities to drive profitable growth\n \n \n \n o \n Consistent investment behind adult sparkling proposition driving continued strong performance, with volumes +18.7% excluding Russia and Ukraine\n \n \n o \n Acquisition of craft adult sparkling business, Three Cents, expected to complete in Q3, strengthens premium brand offering\n \n \n o \n Coffee volumes +56% with accelerating contribution from out-of-home\n \n \n o \n Rapid digitisation of the enterprise - our proprietary B2B, Customer Portal now has more than 200,000 customers\n \n \n o \n Deployment of our key revenue growth and route to market capabilities in Egypt\n \n \n \n \n \n ·\n \n Improved cash generation and continued strong balance sheet\n \n \n \n o \n Comparable EPS +33.9%...