# Bottler Coca-Cola HBC raises 2024 revenue and operating profit forecasts
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-08-07
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Coca-Cola HBC Boosts Annual Profit Forecast on Strong Revenue Growth
Meta Description: Coca-Cola HBC raises its operating profit and revenue projections for 2024, driven by higher first-half revenue and resilient demand for packaged beverages.
URL: https://startupobserver.com/bottler-coca-cola-hbc-raises-2024-revenue-and-operating-profit-forecasts/

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(Reuters) – Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group [posted](https://startupobserver.com/airline-sas-posts-bigger-q2-loss-eyes-end-to-restructuring/) higher first- [half](https://startupobserver.com/germanys-fraport-sees-earnings-boost-on-higher-passenger-volumes/) revenue, helped by its measures to mitigate the impact of high inflation and currency fluctuations.

Demand for packaged beverages and food has stayed resilient, even as companies hiked prices to pass on elevated raw material costs to consumers. A gradually improving economic environment has also encouraged beverage makers to raise their forecasts for the year.

For the full year 2024, [organic](https://startupobserver.com/henkel-trims-earnings-outlook-on-raw-material-price-spike/) revenue growth is expected to be between 8% and 12%, up from the company’s previous mid-term target range of 6%-7%, it said.

Organic earnings before interest and taxes growth is expected to lie within the range of 7% to 12%, up from the previous estimates of 3% to 9%.

For the first [half](https://startupobserver.com/global-miner-anglo-americans-first-half-production-surges-42/) of 2024, the bottler posted a 13.6% jump in organic [revenue](https://startupobserver.com/consumer-health-giant-haleon-sees-higher-revenue-in-2024/).

(Reporting by Chandini Monnappa and Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich)


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