Coca-Cola Bottling Co Reports Revenue Growth Fueled by Surging Caffeine Drink Demand

Deep News05-07

Coca-Cola HBC AG announced an increase in organic sales, driven by strong demand for caffeinated beverages. The bottling company, which is listed on both the London and Athens stock exchanges, reported a 27% year-on-year increase in sales volume for its energy drink category. It also highlighted significant product innovation efforts for its Monster Energy beverage line. Sales of ready-to-drink coffee surged by 39% through its takeaway channels, supported by the continued expansion of its Costa Coffee and Vianno coffee shop networks. As one of the largest bottling partners for The Coca-Cola Company globally, it achieved quarterly revenue of €2.71 billion (equivalent to $3.18 billion), compared to €2.42 billion in the same period last year. Organic revenue grew by 11.6% year-on-year. Market analysts had previously forecast net sales of €2.70 billion and organic revenue growth of 11.8%. Total sales volume increased to 706 million unit cases, up from 643.8 million unit cases in the prior year period. Net revenue per unit case rose to €3.84, compared to €3.76 in the first quarter of the previous year. Coca-Cola HBC stated that it expects full-year organic revenue growth in the range of 6% to 7%, with organic EBIT projected to increase between 7% and 10%.

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It also highlighted significant product innovation efforts for its Monster Energy beverage line.\nSales of ready-to-drink coffee surged by 39% through its takeaway channels, supported by the continued expansion of its Costa Coffee and Vianno coffee shop networks.\nAs one of the largest bottling partners for The Coca-Cola Company globally, it achieved quarterly revenue of €2.71 billion (equivalent to $3.18 billion), compared to €2.42 billion in the same period last year. Organic revenue grew by 11.6% year-on-year.\nMarket analysts had previously forecast net sales of €2.70 billion and organic revenue growth of 11.8%.\nTotal sales volume increased to 706 million unit cases, up from 643.8 million unit cases in the prior year period. 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It also highlighted significant product innovation efforts for its Monster Energy beverage line.\nSales of ready-to-drink coffee surged by 39% through its takeaway channels, supported by the continued expansion of its Costa Coffee and Vianno coffee shop networks.\nAs one of the largest bottling partners for The Coca-Cola Company globally, it achieved quarterly revenue of €2.71 billion (equivalent to $3.18 billion), compared to €2.42 billion in the same period last year. Organic revenue grew by 11.6% year-on-year.\nMarket analysts had previously forecast net sales of €2.70 billion and organic revenue growth of 11.8%.\nTotal sales volume increased to 706 million unit cases, up from 643.8 million unit cases in the prior year period. 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