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Coca-Cola sees EBIT up 7-11% amid challenging market
(Sharecast News) - Coca-Cola HBC said it expected organic operating profit to rise by 7% - 11% this year amid a "challenging" macroeconomic environment. The bottling company, 20% owned by the drinks brand of the same name, also said organic revenue was forecast to grow 6% - 8% in the year, compared with average market expectations of 7.3% in a company-compiled poll.
Average analyst forecasts tipped 10.7% average growth in 2025 organic earnings before interest and taxes (EBIT).
The company on Thursday reported organic operating profit growth of 12.2% for the year to December 31, beating forecasts of 11.9%, with profits rising 24.3% overall to €1.18bn. Net sales increased 13.8% on an organic basis to €10.7bn.
Reporting by Frank Prenesti for Sharecast.com
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