Coca-Cola HBC (LON:CCH) Full Year 2023 Results
Key Financial Results
- Revenue: €10.2b (up 11% from FY 2022).
- Net income: €636.5m (up 53% from FY 2022).
- Profit margin: 6.3% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: €1.73 (up from €1.13 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Coca-Cola HBC EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.9%.
The primary driver behind last 12 months revenue was the Emerging segment contributing a total revenue of €4.74b (47% of total revenue). Notably, cost of sales worth €6.63b amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to €1.89b (65% of total expenses). Explore how CCH's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Beverage industry in the United Kingdom.
Performance of the British Beverage industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Coca-Cola HBC has 1 warning sign we think you should be aware of.
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About LSE:CCH
Coca-Cola HBC
Engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally.
Established dividend payer and good value.
