Coca-Cola HBC Targets Up To 6% Annual Revenue Growth For Next Six Years
Coca-Cola’s leading bottler, Coca Cola HBC AG, reported on Monday that it expects annual revenue growth over the next six years at around 6%, while pointing to margin growth below estimates for fiscal year 2020.
The company, which sells Coca-Cola drinks in 28 countries, reported that it expects a comparable earnings-before-income-tax (EBIT) margin of 11% by 2020 – below analysts’ average estimate of 11.2%, according to a company compiled consensus.
Coca-Cola HBC forecast comparable EBIT margin to rise by 20 to 40 basis points on an average beyond fiscal year 2020.
The company reported that its average annual revenue growth rate up to 2025 is expected to be in the range of 5% to 6% on a currency-neutral basis.
The forecast came ahead of an investor event in London later on Monday, in which the company planned to present its strategy to investors and analysts.