Coca-Cola HBC (LON:CCH) H1 2024 results

Key financial results

• Sales: €5.18 billion (up 3.1% compared to the first half of 2023).

• Net profit: €381.6 million (a decrease of 1.1% compared to H1 2023).

• Profit margin: 7.4% (compared to 7.7% in H1 2023). The margin decline is due to higher expenses.

• Earnings per share: €1.04 (compared to €1.05 in the first half of 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Coca-Cola HBC earnings per share miss expectations

Sales were in line with analysts’ estimates. Earnings per share (EPS) missed analysts’ estimates by 5.2%.

Average sales growth of 5.0% per annum is expected for the next three years. In comparison, the growth forecast for the drinks industry in the United Kingdom is 4.4%.

Performance of British drinks industry.

The company’s shares fell 6.1% compared to the previous week.

Risk analysis

Nevertheless, we must consider the ever-present specter of investment risk. We have identified 2 warning signs with Coca-Cola HBC, and understanding these should be part of your investment process.

Do you have feedback on this article? Are you concerned about the content? Contact us directly from us. Alternatively, send an email to editorial-team (at) simplywallst.com.

This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.