(Reuters) – Bottler Coca-Cola HBC AG beat market expectations for first-quarter organic revenue growth on Wednesday, supported by strong demand in its key emerging markets.
Organic revenue grew 10.6% in the first quarter, above analysts’ estimate of 8.3%, according to a company-compiled poll.
Emerging markets, which include African, Central and Eastern European countries reported a 20.3% quarterly growth, the Swiss company said.
CCH, which is the bottling partner for Coca-Cola, has been grappling with a high-cost environment and has previously modified prices in an attempt to ease pressures from high inflation and foreign exchange devaluations in Africa.
The packager for drinks such as Fanta, Sprite and Monster, reiterated its guidance for 2025 but cautioned that it expects the broader macroeconomic and geopolitical environment to be “challenging and unpredictable”.
The company reaffirmed its guidance for 6% to 8% annual organic revenue growth, compared to analysts estimate of 8% increase for 2025.
(Reporting by Simone Lobo in Bengaluru; Editing by Eileen Soreng)
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