Category: HBC

Coca-Cola HBC’s Annual Profit Beats, Warns of Price Increases

February 14, 2023
Business & MarketsCoca ColaCompanieseconomyHBCinflationMarketsresultsstocks
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Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will increase prices this year to tackle an increase in costs. Most companies have hiked prices in a bid to pass on some of these costs to their consumers. Although a cost of living crisis has seen a shift in consumer spending,…

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Coca-Cola HBC Flags One-Time $195 Million Hit From Russian Operations

August 11, 2022
Business & MarketsCoca ColaCompaniesearningseconomyEuropeHBCMarketsresultsRussiaRussia-Ukraine WarstocksWorld
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Coca-Cola HBC AG said on Thursday it took a one-time hit of 190 million euros ($195.4 million) in the first half from costs related to its Russian business after it stopped selling Coke and other Coca-Cola Co. products in the country. The soft drinks bottler also reinstated its forecast for the year, expecting annual comparable…

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