Coca-Cola HBC AG

Public consensus   -   Last updated 31/07/19

Contributors

  • 14 H1 FY19 based on
  • 13 FY19 based on
  • 13 FY20 based on
  • 12 FY21 based on
Reporting currency: EUR
Reporting unit: Millions
H1 FY19
CONSENSUS
31/07/19
FY19
CONSENSUS
31/07/19
FY20
CONSENSUS
31/07/19
FY21
CONSENSUS
31/07/19
Coca-Cola Hellenic (€m)
Volume
Established
302.9
624.9
629.9
635.3
Developing
209.1
440.8
454.4
467.5
Emerging
579.1
1,195.7
1,246.8
1,291.9
Total Volume
1,091.1
2,261.4
2,331.2
2,394.7
Revenues
Established
1,231.5
2,532.8
2,582.9
2,633.9
Developing
643.0
1,388.6
1,472.0
1,551.7
Emerging
1,466.2
3,110.7
3,346.6
3,525.2
Total Revenues
3,340.6
7,032.1
7,401.5
7,710.8
Comparable Gross Profit
1,261.3
2,685.5
2,839.9
2,971.3
Comparable Gross Profit Margin (%)
37.7
38.2
38.4
38.6
Comparable OPEX
(803.3)
(1,841.0)
(1,923.3)
(1,987.8)
Comparable Opex/Sales (%)
(27.9)
(27.5)
(27.2)
(27.1)
Comparable EBIT
Established
113.2
252.8
261.5
271.3
Developing
60.2
153.0
170.9
186.8
Emerging
152.7
348.0
392.2
426.1
Total Comparable EBIT
326.1
753.9
824.7
884.2
Comparable EBIT Margin (%)
9.8
10.7
11.1
11.5
Exceptionals/One Off/Restructuring
(11.7)
(33.3)
(22.6)
(21.9)
EBIT
319.8
733.4
812.5
871.5
EBIT Margin (%)
9.6
10.4
11.0
11.3
Net Finance Costs
34.1
75.8
69.5
60.0
PBT
289.7
667.9
755.0
823.6
Comparable PBT
296.7
689.3
766.7
835.8
Tax
72.9
169.3
190.3
207.9
Effective Tax Rate (%)
25.2
25.3
25.2
25.2
Comparable Tax
74.4
173.7
193.4
211.1
Comparable Effective Tax Rate (%)
25.1
25.2
25.2
25.3
Net profit
216.6
498.0
564.1
615.0
Comparable Net profit
221.7
516.2
574.0
625.4
EPS
0.59
1.36
1.54
1.68
Comparable EPS
0.60
1.41
1.57
1.70
Other Items
Depreciation & Amortization (incl. Emp Share opt)
173.0
353.0
376.1
395.9
Capital Expenditure
211.09
497.02
491.82
514.58
Capital Expenditure/Sales (%)
6.29
7.07
6.64
6.67
Free Cashflow
165.09
451.63
516.59
554.60
DPS
-
1.39
0.69
0.76
Change in FX-neutral net sales revenue per case (%)
Established
1.2
1.2
1.1
1.0
Developing
3.6
3.2
2.6
2.5
Emerging
0.9
2.5
3.4
3.3
Change in total FX-neutral net sales revenue per case (%)
1.2
1.9
2.1
2.2

Disclaimer

Coca-Cola Hellenic Bottling Company AG (the “Company”) is not authorised or regulated by the UK Financial Conduct Authority and may not provide investment advice. The consensus data should not be construed as an invitation, inducement or recommendation to buy or sell shares in the Company or to engage in any other form of investment activity. In addition, the consensus data is not intended to constitute a financial promotion within the meaning of section 21 of the Financial Services and Markets Act 2000.

The consensus data are based on submissions from registered investment analysts as to the Company’s expected future performance. It is therefore speculative and forward-looking and subject to a number of uncertainties that may impact the Company’s actual performance. The Company uses Vuma Financial Ltd. to collect and analyse the submissions which form the basis of the consensus data. The figures presented represent the arithmetic average of the submissions that have been provided, with each submission being given equal weight. Moreover, the data has not been adjusted to exclude any submission. The Company assumes that the submissions reflect the analysts’ genuine opinions, forecasts, estimates, projections and predictions. The analysts will, if relevant, identify and disclose all conflicts of interest that are known or reasonablu expected to be known to relate to them. No analyst has been paid a fee, commission or received a non-monetary benefit from the Company or any person connected to the Company for their submission.

The consensus data is based on the investment analysts' opinions, forecasts, estimates, projections and predictions regarding the Company's performance. It does not represent the Company’s own views on its performance nor does the Company or its management endorse or make any representation or warranty in relation to the consensus data. The Company endeavours to ensure that the consensus data is accurate and up-to-date but it is not under an obligation to update the consensus data