Coca-Cola HBC Targets Up To 6% Annual Revenue Growth For Next Six Years
Coca-Cola's leading bottler, Coca-Cola HBC AG, has said this week that it expects annual revenue growth over the next six years at around 6%, while pointing to margin growth below estimates for fiscal year 2020.
Comparable EBIT Margin Expectation
The company, which sells Coca-Cola drinks in 28 countries, said it expects a comparable earnings before income tax (EBIT) margin of 11% by 2020, below analysts' average estimate of 11.2%, according to a company compiled consensus.
Coca-Cola HBC forecast that its comparable EBIT margin will rise by 20-40 basis points on an average beyond fiscal year 2020.
Revenue Growth Forecast
The company said its average annual revenue growth rate up to 2025 is expected to be in the range of 5%-6% on a currency-neutral basis.