Financials Coca-Cola Hellenic

Equities

Market Closed - London S.E. Other stock markets 16:35:22 13/09/2024 BST			5-day change	1st Jan Change
2,808.00 ^GBX	-0.28%		-0.28%	+21.82%

09-09	Barclays cuts Burberry to 'underweight'	AN
09-05	Transcript : Coca-Cola HBC AG Presents at Barclays 17th Annual Global Consumer Staples Conference, Sep-05-2024 09:00 AM

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,026	6,132	7,168	9,198	10,184	10,576	11,095	11,710
Change	-	-12.73%	16.91%	28.32%	10.71%	3.85%	4.9%	5.55%
EBITDA ¹	1,153	1,071	1,183	1,344	1,488	1,657	1,796	1,923
Change	-	-7.12%	10.48%	13.58%	10.73%	11.39%	8.39%	7.04%
EBIT ¹	758.7	672.3	831	929.7	1,084	1,160	1,258	1,351
Change	-	-11.39%	23.61%	11.88%	16.58%	7.01%	8.49%	7.34%
Interest Paid ¹	-67.1	-70.1	-67.6	-82.7	-48.3	-68.65	-66.9	-60.8
Earnings before Tax (EBT) ¹	661.2	593.9	734.9	623.6	910.3	1,084	1,180	1,277
Change	-	-10.18%	23.74%	-15.14%	45.97%	19.03%	8.86%	8.3%
Net income ¹	487.5	414.9	547.2	415.4	636.5	790.1	863.8	933.3
Change	-	-14.89%	31.89%	-24.09%	53.23%	24.13%	9.34%	8.04%
Announcement Date	13/02/20	11/02/21	22/02/22	14/02/23	14/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,961	1,712	-	1,416	1,829	1,471	1,352	1,896	2,124	1,796	1,771	2,439	2,696	2,293	2,202	2,819	2,798	2,365	2,225	2,950	2,970	2,444	2,446	3,043	3,044	2,602
Change	-	-12.71%	-100%	-	29.23%	-19.58%	-8.1%	40.21%	12.05%	-15.45%	-1.42%	37.75%	10.52%	-14.95%	-3.94%	27.99%	-0.75%	-15.48%	-5.89%	32.57%	0.67%	-17.69%	0.06%	24.41%	0.05%	-14.53%
EBITDA	-	-	-	195.2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	146.2	146.2	62	62	145.4	145.4	-	116.6	157	157	76.45	76.45	131.2	-	-	-	-	-	-	-	209.3	209.3	-	-	-	-
Change	-	0%	-57.59%	0%	134.6%	0%	-100%	-	34.75%	0%	-51.32%	0%	71.68%	-100%	-	-	-	-	-	-	-	0%	-100%	-	-	-
Announcement Date	13/11/19	13/02/20	12/08/21	05/08/20	11/11/20	11/02/21	12/05/21	12/08/21	03/11/21	22/02/22	12/05/22	11/08/22	08/11/22	14/02/23	09/05/23	09/08/23	14/11/23	14/02/24	07/05/24	07/08/24	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	2,831	3,301	3,248	3,920	4,210	4,988	5,022	5,162	5,176	5,445	5,489	5,646
Change	-	16.58%	-1.6%	20.71%	7.38%	18.49%	0.66%	2.81%	0.25%	5.21%	0.8%	2.87%
EBITDA ¹	405.7	-	-	-	-	-	-	722.2	760.6	876	873	915
Change	-	-100%	-	-	-	-	-	-	5.32%	15.17%	-0.34%	4.81%
EBIT ¹	208.8	463.5	350.3	480.7	462.5	467.2	560.7	523.1	564.1	587.5	598	632
Change	-	121.98%	-24.42%	37.23%	-3.79%	1.02%	20.01%	-6.71%	7.84%	4.15%	1.79%	5.69%
Charge d'intérêts ¹	-36.2	-33.9	-34.7	-32.9	-42.7	-40	-31.4	-16.9	-46.4	-34.75	-	-
Earnings before Tax (EBT) ¹	167.2	426.7	317.2	417.7	-	389.2	527.6	382.7	521	546	551.5	587
Change	-	155.2%	-25.66%	31.68%	-100%	-	35.56%	-27.46%	36.14%	4.8%	1.01%	6.44%
Net income ¹	124	290.9	233.1	314.1	-	262.5	385.7	278.8	381.6	397	394.4	419.7
Change	-	134.6%	-19.87%	34.75%	-100%	-	46.93%	-27.72%	36.87%	4.04%	-0.65%	6.41%
Announcement Date	05/08/20	11/02/21	12/08/21	22/02/22	11/08/22	14/02/23	09/08/23	14/02/24	07/08/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,767	1,710	2,155	1,636	1,595	1,546	1,435	1,145
Change	-	-3.23%	26.02%	-24.08%	-2.51%	-3.09%	-7.18%	-20.21%
Announcement Date	13/02/20	11/02/21	22/02/22	14/02/23	14/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	473.2	419.2	506.5	523.4	610.7	703.5	728.2	766.7
Change	-	-11.41%	20.83%	3.34%	16.68%	15.2%	3.51%	5.29%
Free Cash Flow (FCF) ¹	453	542.3	635.7	711.2	776	550.5	656	710.6
Change	-	19.71%	17.22%	11.88%	9.11%	-29.06%	19.16%	8.34%
Announcement Date	13/02/20	11/02/21	22/02/22	14/02/23	14/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	16.41%	17.46%	16.5%	14.61%	14.61%	15.67%	16.19%	16.42%
EBIT Margin (%)	10.8%	10.96%	11.59%	10.11%	10.64%	10.97%	11.34%	11.53%
EBT Margin (%)	9.41%	9.69%	10.25%	6.78%	8.94%	10.24%	10.63%	10.91%
Net margin (%)	6.94%	6.77%	7.63%	4.52%	6.25%	7.47%	7.79%	7.97%
FCF margin (%)	6.45%	8.84%	8.87%	7.73%	7.62%	5.2%	5.91%	6.07%
FCF / Net Income (%)	92.92%	130.71%	116.17%	171.21%	121.92%	69.68%	75.94%	76.15%
Profitability
ROA	6.93%	5.47%	6.8%	6.8%	7.74%	7.77%	8.24%	8.63%
ROE	17.98%	16.19%	19.05%	19.54%	23.98%	24.15%	23.85%	23.01%
Financial Health
Leverage (Debt/EBITDA)	1.53x	1.6x	1.82x	1.22x	1.07x	0.93x	0.8x	0.6x
Debt / Free cash flow	3.9x	3.15x	3.39x	2.3x	2.06x	2.81x	2.19x	1.61x
Capital Intensity
CAPEX / Current Assets (%)	6.73%	6.84%	7.07%	5.69%	6%	6.65%	6.56%	6.55%
CAPEX / EBITDA (%)	41.04%	39.15%	42.81%	38.96%	41.05%	42.45%	40.54%	39.88%
CAPEX / FCF (%)	104.46%	77.3%	79.68%	73.59%	78.7%	127.8%	111.02%	107.9%
Items per share
Cash flow per share ¹	2.527	2.642	3.129	3.365	3.77	3.684	4.159	4.505
Change	-	4.54%	18.46%	7.53%	12.04%	-2.28%	12.88%	8.31%
Dividend per Share ¹	0.62	0.64	0.71	0.78	0.93	0.9944	1.1	1.21
Change	-	3.23%	10.94%	9.86%	19.23%	6.92%	10.64%	9.99%
Book Value Per Share ¹	7.417	7.227	8.533	8.951	8.427	9.186	10.37	11.97
Change	-	-2.55%	18.06%	4.9%	-5.85%	9%	12.91%	15.43%
EPS ¹	1.33	1.14	1.49	1.13	1.73	2.169	2.41	2.611
Change	-	-14.29%	30.7%	-24.16%	53.1%	25.36%	11.14%	8.32%
Nbr of stocks (in thousands)	363,272	364,323	365,892	366,699	366,909	363,007	363,007	363,007
Announcement Date	13/02/20	11/02/21	22/02/22	14/02/23	14/02/24	-	-	-