Shares surge as energy drinks and coffee drive growth

  • Coca-Cola HBC reports record annual profits
  • Shares up 7.2% on the FTSE 100
  • Volume growth driven by energy drinks and coffee
  • Net sales revenue increased to EUR10.18 billion
  • Dividend payout increased to EUR0.93 a share
  • 2024 organic revenue expected to grow between 6% and 7%
  • 2024 organic EBIT expected to grow between 3% and 9%

Coca-Cola HBC has announced record annual profits, leading to a surge in shares on the FTSE 100. The company’s volume growth was driven by strong performance in energy drinks and coffee. Net sales revenue increased to EUR10.18 billion, surpassing the previous year’s figure. The dividend payout has also been increased to EUR0.93 a share. Looking ahead, Coca-Cola HBC expects organic revenue to grow within its medium-term target range of 6% to 7%, with organic EBIT expected to grow between 3% and 9%. Despite the challenging macroeconomic and geopolitical environment, the company remains confident in its ability to achieve its growth targets.

Public Companies: Coca-Cola HBC (N/A), Coca-Cola Co. (N/A)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides specific information about Coca-Cola HBC’s financial performance, including record annual profits, volume growth in energy drinks and coffee, earnings before interest and taxes, net sales revenue, net profit, and dividend payout. The information is supported by data and a consensus forecast from the company and brokers. However, the article does not provide any opposing viewpoints or potential risks to the company’s growth targets.

Noise Level: 6
Justification: The article provides information on Coca-Cola HBC’s record annual profits and the factors driving the growth, such as improved volumes for energy drinks and coffee. It includes data on volumes, earnings, net sales revenue, and net profit. However, it lacks in-depth analysis or exploration of long-term trends or antifragility. It also does not hold powerful people accountable or provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Coca-Cola HBC shares

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the financial performance and profits of Coca-Cola HBC. There is no mention of an extreme event.

Reported publicly: www.marketwatch.com