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Coca-Cola HBC sales growth tops estimates

Reuters

LONDON (Reuters) - Soft drink bottler Coca-Cola HBC (CCH.L) reported better-than-expected quarterly sales growth on Thursday, helped by higher prices and strength in developing markets.

The company said revenue rose 4.5 percent on a currency-neutral basis in the first quarter, helped by a 2.3 percent increase in the number of drinks sold as well as improvements in price and mix of drinks.

Analysts were expecting growth of 4 percent, with a 1.9 percent rise in volume, according to Jefferies analysts.

Including currency fluctuations, reported revenue fell 1.7 percent.

(Reporting by Martinne Geller; Editing by Adrian Croft)