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Investing.com -- Bottling firm Coca-Cola (NYSE:KO) HBC AG surpassed market predictions for the growth of its organic revenue in the first quarter, buoyed by robust demand in its vital emerging markets.
The company’s shares experienced a 3.1% rise in London trading. The first quarter saw a 10.6% growth in organic revenue, surpassing the analysts’ projection of 8.3%, as per a poll compiled by the company.
Coca-Cola HBC AG, which includes African, Central, and Eastern European countries in its emerging markets, reported a 20.3% quarterly growth.
The Switzerland-based firm is the bottling partner for Coca-Cola and has been wrestling with a high-cost environment. In response to high inflation and foreign exchange devaluations in Africa, the company has previously adjusted prices.
The bottling firm, which packages drinks such as Fanta, Sprite, and Monster, reiterated its 2025 guidance. However, it warned that the wider macroeconomic and geopolitical environment is expected to be "challenging and unpredictable."
The company confirmed its guidance for an annual organic revenue growth of 6% to 8%, compared to analysts’ expectation of an 8% increase for 2025.
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