StockMarketWire.com - Coca-Cola HBC, a bottler for the Coca-Cola company, reported a rise in revenue despite poor weather keeping a lid on volume growth in the third quarter.

For the three months ended 30 September 2019, net sales rose 5% to €1.94bn as volumes rose 1.1% to 622.4m units.

The uptick in sales was attributed to price increases, positive category mix and changes to packaging formats.

Established markets volumes increased by 1.2%, developing markets volumes declined by 4.0% and emerging markets volumes increased by 3.0%.

The company said it expected to deliver full-year FX-neutral revenue growth in a range of 4.0% to 4.5%.

'Currency movements during the quarter were better than expected. We now expect a negative impact for the full year of €15m, an improvement of €5m compared to prior guidance,' Coca-Cola HBC said.

'As we look to the full year, we are pleased to have seen an acceleration in Q4, giving us confidence that 2019 will be a year of solid top-line growth and good margin expansion,' it added.


At 8:03am: [LON:CCH] CocaCola HBC share price was +18p at 2377p



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