Coca-Cola HBC AG

Public consensus   -   Last updated 04/08/21

Contributors

  • 15 H1 FY21 based on
  • 14 FY21 based on
  • 14 FY22 based on
  • 13 FY23 based on
Reporting currency: EUR
Reporting unit: Millions
H1 FY21
CONSENSUS
04/08/21
FY21
CONSENSUS
04/08/21
FY22
CONSENSUS
04/08/21
FY23
CONSENSUS
04/08/21
Growth rates (%)
Volume (%)
Established
12.1
9.8
3.5
1.3
Developing
0.7
(0.2)
4.4
2.9
Emerging
16.4
9.9
4.3
4.5
Total Volume (%)
12.5
8.8
4.1
3.5
Volume like-for-like (%)
Established
12.0
9.8
3.6
1.3
Developing
0.5
(0.2)
4.3
2.7
Emerging
19.4
11.2
4.2
4.4
Total volume like-for-like (%)
14.0
9.5
4.1
3.4
FX-neutral net sales revenue per unit case (%)
Established
2.8
2.3
2.9
1.3
Developing
14.7
14.4
3.0
2.6
Emerging
3.0
3.3
3.2
2.9
Total FX-neutral net sales revenue per unit case (%)
4.4
4.8
3.0
1.9
FX-neutral net sales revenue per unit case like-for-like (%)
Established
2.8
2.4
3.2
1.3
Developing
14.6
14.5
3.1
2.6
Emerging
3.8
3.6
3.1
2.8
Total FX-neutral net sales revenue per unit case like-for-like (%)
4.4
4.9
3.1
1.9
FX-neutral net sales revenue (%)
Established
15.1
12.2
6.5
2.6
Developing
15.3
14.2
7.5
5.6
Emerging
19.9
14.7
7.5
7.5
Total FX-neutral net sales revenue (%)
17.5
13.9
7.1
5.4
FX-neutral revenue like-for-like (%)
Established
15.1
12.5
7.4
2.9
Developing
15.3
14.2
7.8
5.5
Emerging
24.6
16.5
7.5
7.4
Total FX-neutral revenue like-for-like (%)
19.6
14.7
7.5
5.4
Absolute values (€m)
Volume (m unit cases)
Established
275.0
589.4
609.9
617.7
Developing
190.9
411.3
429.2
441.8
Emerging
648.5
1,319.0
1,376.4
1,434.5
Total Volume (m unit cases)
1,114.4
2,319.6
2,415.4
2,494.0
Volume like-for-like (m unit cases)
Established
274.2
589.3
610.4
618.4
Developing
190.3
411.2
429.0
441.1
Emerging
659.9
1,330.2
1,373.0
1,429.3
Total Volume like-for-like (m unit cases)
1,124.4
2,330.7
2,412.5
2,488.7
Net sales revenue
Established
1,131.3
2,439.0
2,597.9
2,667.6
Developing
591.3
1,325.2
1,421.5
1,504.3
Emerging
1,462.2
3,036.7
3,242.1
3,447.8
Total Net sales revenue
3,184.8
6,801.0
7,261.6
7,619.6
Comparable Gross Profit
1,180.8
2,550.2
2,704.3
2,820.4
Comparable OPEX
884.0
1,760.1
1,837.7
1,896.5
EBIT
292.1
757.4
833.5
894.6
Comparable EBIT
Established
92.9
252.7
274.0
285.8
Developing
38.4
118.6
134.6
146.6
Emerging
166.2
394.9
432.9
470.5
Total Comparable EBIT
297.5
766.1
841.5
902.9
Profit Before Tax
262.0
700.1
780.2
846.4
Comparable Profit Before Tax
268.1
709.7
787.5
853.8
Tax
67.5
182.4
203.0
218.4
Comparable Tax
68.7
184.8
205.4
220.8
Net profit
193.7
516.7
576.2
626.9
Comparable Net profit
198.3
523.7
582.3
633.2
Other Items
Exceptionals/One Off/Restructuring
(5.4)
(8.7)
(8.0)
(8.2)
Net Finance Costs
(31.8)
(62.4)
(58.0)
(52.3)
Capital Expenditure
187.8
417.0
427.1
445.4
Depreciation & Amortization (incl. Emp Share opt)
191.3
338.2
353.6
364.5
EPS (€)
0.53
1.42
1.58
1.72
Comparable EPS (€)
0.54
1.44
1.60
1.74
DPS (€)
-
0.68
0.73
0.79
Free Cashflow (€m)
154.90
359.55
494.54
538.00
Ratios (%)
Comparable Gross Profit Margin (%)
37.2
37.5
37.2
37.0
Comparable Opex/Sales (%)
27.8
25.9
25.3
24.8
Comparable EBIT Margin (%)
9.3
11.3
11.6
11.9
Comparable Effective Tax Rate (%)
25.6
26.0
26.1
25.9
Capital Expenditure/Sales (%)
5.9
6.1
5.9
5.8

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