Coca-Cola's bottling group hits record profits

Coca-Cola’s FTSE 100-listed packaging wing Coca-Cola HBC AG delivered 16.9% in organic revenue growth to €10.2 billion (£8.7 billion) in the past financial year. Organic volumes in the core sparkling category were hit by Coca-Cola’s withdrawal from the Russian market, coming in at 2.5%. However, energy drink volumes surged by over 27% and coffee by over 31%. Underlying earnings (EBIT) grew 17.7% year on year to €1.1 billion, making for a 9.4% margin. Comparable earnings per share grew by 21.8% to €2.08, “su ...