Europe

Bottler Coca-Cola HBC Strong Earnings in First Half

Bottler Coca-Cola HBC experienced significant growth in volume, revenue and operating profit (EBITDA) in the first half.

The company’s performance was underpinned by continued rationalization of operating costs, but also by increased out-of-home consumption as restrictions from the Covid-19 pandemic were gradually lifted.

Net sales in the first half of 2022 were 4.2 billion euros, an increase of 29.6% compared to the same period in 2021. Operating profit he increased by 32% to 462.5 million euros and equivalent net profit increased by 34.5% to 316.9 million euros.

In Greece, volume increased by more than 10%, and still drinks, including water, increased by more than 15%.

The company has stopped selling the Coca-Cola brand in Russia in response to Russia’s invasion of Ukraine, but has not stopped its activities there. The subsidiary, renamed Multon Partners, will further develop his Dobry, Rich and Moya Semya local brands.

Zoran Bogdanovic, CEO of Coca-Cola HBC, was asked if the company plans to close any of its 10 bottling schemes.

Bogdanovic added that he expects inflation to remain at similar levels in 2022, but to ease in 2023.



https://www.ekathimerini.com/economy/1191035/strong-first-half-gains-for-bottler-coca-cola-hbc/ Bottler Coca-Cola HBC Strong Earnings in First Half

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