- Coca-Cola bottler Coca-Cola HBC said it was targeting an average annual revenue growth rate of 5-6% on a constant currency basis out to 2025.

The company also set a target of reaching a comparable earnings before interest and tax, or Ebit, margin of 11% by 2020.

It also forecast a margin improvement of 20-to-40 basis points a year on average beyond 2020.

In 2018, the company's Ebit margin was 10.2%.

'In 2016 we set out a bold plan for 2020 to deliver strong growth in revenue and margins,' chief executive Zoran Bogdanovic said.

'We are delivering against these targets and we go into the final stages of this plan as a considerably stronger and more capable organisation.'

'Today we have announced a new and ambitious plan to continue our strong growth to 2025 which, guided by our vision to become the leading 24/7 beverage partner, targets another step up in financial performance.'

'The plan builds on our recent consistent, strong performance and the considerable progress we have made in strengthening our business.'

At 1:16pm: [LON:CCH] CocaCola HBC share price was -29.5p at 2822.5p

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