Coca-Cola HBC in £2bn Africa takeover Business London-listed bottling business Coca-Cola HBC is to acquire Coca-Cola Beverages Africa in a $3.4bn (£1.9bn) deal. The cash-and-shares deal, which will be part-funded by a new bridge debt facility, will see a transfer of the ownership of the African bottling business after 85 years of ownership by the South African Gutsche family. The move will [...]
Coca-Cola considers grounds for sale of Costa Retail Soft drinks giant Coca-Cola has called in bankers for exploratory talks regarding a sale of coffee chain Costa. The Coca-Cola company, which acquired Costa over six years ago, has held talks with a number of potential bidders including private equity firms, according to Sky News. Investment bank Lazard is working with the firm to explore [...]
Coca-Cola HBC: Growth continues despite headwinds Retail The bottling partner of Coca-Cola has reported double-digit revenue growth despite significant exchange rate headwinds in emerging markets. Coca-Cola HBC AG, the bottling partner of The Coca-Cola Company, said volumes grew 2.8 per cent in the twelve months ended 31 December 2024, driven by higher sales for coffee and energy drinks. The reported revenue of [...]
Coca-Cola Europacific sweetens dividend following Euros and Olympics November 5, 2024 Boss Damien Gammell said volume growth had been supported by "fantastic activiation" at the Euros and the Olympics.
Coca-Cola HBC enjoys double-digit growth October 31, 2024 A bottling giant behind Coca Cola and other major soft drinks has upgraded its guidance due to double-digit growth driven by continued demand in emerging markets. Coca-Cola HBC said that organic revenue grew by 13.9 per cent during the third quarter, with year-to-date revenue growth of 13.7 per cent. It upgraded its guidance for revenue [...]
Coca-Cola HBC raises guidance after strong half despite currency headwinds August 7, 2024 Coca-Cola HBC AG has raised its guidance after the company reported another strong six months of growth, despite currency headwinds eating into the group’s profits in emerging markets. The bottling giant behind Coca Cola and other major soft drinks reported revenue growth of 3.1 per cent in the six months to 24 June. Sales of [...]
Coca-Cola HBC hit by exchange rate headwinds despite sales growth April 30, 2024 The bottling giant said revenue only grew by one per cent in the quarter, primarily due to foreign exchange turbulence, the company said.
Coca-Cola HBC shares up 7.7 per cent as consumers guzzle energy drinks and coffee February 14, 2024 In its results for the period, which were published this morning, the firm said strong performance in energy drinks and coffee volumes were major growth drivers.
Coca-Cola HBC reports strong growth despite fluctuating volumes in Russia and Ukraine October 31, 2023 Chief executive Zoran Bogdanovic said the company continues to invest in its future with a "clear" focus.