TOP NEWS: Coca-Cola HBC 2020 Volumes Hit By Virus But Payout Lifted
Thu, 11th Feb 2021 08:40
(Alliance News) -Â Coca-Cola HBC AG on Thursday posted a fall in profit for 2020 with volumes hit by the pandemic, though noted improving trends over the second half of the year.
Shares in the soft drinks bottler were up 4.7% at 2,367.00 pence in London early Thursday, making the stock the top performer in the FTSE 100.
Net sales revenue for 2020 fell 12% to EUR6.13 billion. According to the market consensus cited by Vuma, total reported revenue was expected to fall by 12% in 2020 to EUR6.15 billion.
Full-year like-for-like currency-neutral revenue declined by 8.5%.