Coca-Cola HBC, the FTSE 100 strategic bottling partner of Coca-Cola, has raised their profit guidance for the first half of the year after enjoying a strong end to the period.
The company said they had experienced strong top-line growth during the period and now expect organic EBIT growth for 2023 of 9-12%. Previous guidance was for EBIT growth of -3% to +3%.
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The group noted particularly strong performance during the month of June as a driver of the upgrade to profit forecasts.
Coca-Cola HBC shares were 4% higher and the FTSE 100’s top riser at the time of writing on Friday.
The company have kept their guidance from 2024 onwards the same. Half-year results are due to be released 9th August.