Coca-Cola HBC has forecast better-than-expected sales for 2017

Coca-Cola HBC has forecast better-than-expected sales for 2017

Coca-Cola HBC has made continued good progress in 2017, with first-half sales improving across all of its reporting regions.

The company, which has operations in 28 countries, said earlier today that sales in the first six months of 2017 increased by almost 6% on the corresponding period a year ago. The half-year numbers come three months after CCHBC reported a 4.5% lift in its top-line for the first quarter.

On a regional basis, CCHBC's 'established markets' benefited from the late Easter and a warm June, while good growth was reported by most of the markets in its 'developing segment'. The 'emerging markets' reporting region, meanwhile, was boosted by performances in Ukraine, Romania and Serbia.

The group's profits did well in the half year, thanks in part to the effects of price increases in emerging markets and from "efficiency measures" across the company.

"We are delighted to report an excellent set of results for the first half of the year, with volume and revenue per case growth in all three market segments," said CEO Dimitris Lois. "It is also very pleasing to see the revenue growth translating into significant margin expansion."

Looking forward, the group said that while sales should moderate in the second half, it now expects better sales for 2017 "than we had anticipated at the start of the year".

The Coca-Cola Co holds a 23% stake in Coca-Cola HBC.

To view Coca-Cola HBC's official results statement, click here.

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