Coca-Cola HBC AG Set to Report Strong Results for 2023
London and Athens-listed bottler for Coca-Cola, Coca-Cola HBC AG, is scheduled to release its financial results for 2023 on Wednesday. Market analysts are expecting the company to report robust performance, with significant growth in key areas.
Organic volume growth is expected to reach 1.2%, as the company’s unit cases are projected to increase from 2.71 billion to 2.82 billion. This growth highlights the steady demand for Coca-Cola products.
On the revenue front, Coca-Cola HBC AG is forecast to achieve impressive organic revenue growth of 16.1%. Net sales revenue is estimated to rise to 10.25 billion euros, surpassing last year’s figure of 9.20 billion euros. This significant increase demonstrates the company’s ability to generate strong sales.
Notably, net profit for 2023 is anticipated to sharply rise to 712.6 million euros, up from 415.4 million euros in the previous year. This surge in profitability exemplifies the company’s successful financial management strategies.
Furthermore, the group’s comparable earnings before interest and taxes (EBIT) are expected to climb to 1.035 billion euros, compared to 929.7 million euros in 2022. This positive trajectory signals the company’s ability to maximize profitability.
However, it’s worth noting that Coca-Cola HBC AG faces challenges in the near term. Currency devaluations, such as those of the Egyptian Pound and Nigerian Naira, pose obstacles to the company’s growth. Volumes in developing markets are also expected to decline by 3.4% in the fourth quarter. Specifically, Poland volumes are forecasted to decrease by 4%, while Hungary’s volume declines are anticipated to improve to minus 5% from minus 8% in the third quarter. Czech Republic volumes are also expected to fall by 5%.
Despite these challenges, Coca-Cola HBC AG remains committed to providing value to its shareholders. Last year, the company declared a dividend payout of 0.78 euros, demonstrating its dedication to distributing profits.
In conclusion, Coca-Cola HBC AG’s upcoming financial results for 2023 are anticipated to showcase impressive growth and robust performance. Although some headwinds persist, the company’s ability to navigate challenges while delivering strong financial results is expected to position it for continued success in the market.
Analyst comment
Positive news. Coca-Cola HBC AG is expected to report strong financial results for 2023, with significant growth in key areas. Organic volume growth, revenue, net profit, and EBIT are all projected to increase. Challenges in foreign currency devaluations and declining volumes in certain markets exist but the company is committed to providing value to shareholders. Overall, the market is expected to respond positively to these strong results.
