The bottle manufacturer for Coca-Cola hopes to increase profits following a slow start to the year.
The company, which bottles beverages for the U.S. behemoth and whose marketing has featured singer Rita Ora, now anticipates a 3 percent increase in profits this year.
Revenues are anticipated to increase by more than 6%. Yesterday, shares rose 2.1%, or 50p, to 2483p.
Consistent execution of our strategy has resulted in a robust start to 2023. And we anticipate another year of solid performance, said CEO Zoran Bogdanovic.
After Russia invaded Ukraine in 2014, drink manufacturers increased prices by the rising cost of energy and commodities. But companies such as Coca-Cola HBC experienced sustained demand as consumers continued to spend on soft beverages.