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Coca-Cola HBC AG (CCH.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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2,028.00+3.00 (+0.15%)
As of 08:24AM GMT. Market open.
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  • Reuters

    Bottler Coca-Cola HBC keeps its fizz on robust demand

    (Reuters) -Coca-Cola HBC AG raised its full-year profit forecast on Tuesday, as the soft drinks bottler benefited from resilient demand and said price rises and promotions would protect profits. Inflation at multi-year highs has pinched household budgets and forced consumers to cut their spending, but Coca-Cola is among the packaged food makers enjoying steady demand. Chief Executive Zoran Bogdanovic said trading in the fourth quarter and 2023 "might get harder because of consumer demand suppression," but added the company planned to overcome it with pricing and promotional plans.