(Reuters) -Bottler Coca-Cola HBC forecast its annual organic revenue growth to reach the upper-end of its earlier estimated range, encouraged by steady demand in its key emerging markets and pricing actions taken over the recent quarters.
The company, which bottles brands including Fanta, Sprite and Monster, has been raising prices in the last few quarters like several other consumer-facing companies to shield its margins from elevated costs amid an inflation-induced slowdown in consumer spending.
Coca-Cola HBC said on Wednesday that it now expects 2025 organic revenue growth at the top of its 6%-8% guidance range, though it cautioned against the risks of macroeconomic and geopolitical uncertainties.
For the six months ended June 27, the company posted a 9.9% rise in organic revenue, in line with market expectations, according to a company-compiled poll.
“We are mindful of what is a challenging and unpredictable macroeconomic and geopolitical environment but given our strong start to the year, we now expect to deliver growth in organic revenue and EBIT at the top end of our guided ranges,” CEO Zoran Bogdanovic said in a statement.
Emerging markets – spanning Africa, Central and Eastern Europe – delivered a 17.4% increase in organic net sales, the Swiss company said.
The results come as global firms continue to navigate shifting trade dynamics, with executives warning that evolving U.S. trade policies are weighing on consumer and business sentiment.
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Rashmi Aich)
