Home UK Coca-Cola HBC posts revenue improvement as markets exit lockdowns

Coca-Cola HBC posts revenue improvement as markets exit lockdowns

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Coca-Cola HBC AG (LON:CCH) said revenue has been gradually improving as its market exit lockdown.

Sales were only 5% down last month from a 36% decline in April, as the pandemic had a significant impact on the out-of-home channel with closures of bars and restaurants, which usually accounts for 40% of total sales.

READ: Coca-Cola HBC CFO to step down next year[hhmc]

The FTSE 100-listed firm said it targeted plans to these customers including fast re-routing to active outlets, providing equipment for new hygiene needs and overall supporting them as they restart their businesses, rebuild trust in the industry and manage traffic.

In the six months to June 26, the bottler of Coca-Cola drinks saw volumes sliding Read More – Source

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