Coca-Cola HBC Raises Outlook on Strong Volume Growth

Coca-Cola HBC reported volume-led growth and higher profitability in the first half of 2026, prompting the beverage bottler to raise its full-year outlook toward the upper end of its revenue-growth range.

The company's Chief Executive Officer Zoran Bogdanovic said organic revenue rose 9.6% during the first half, supported by 7.5% organic volume growth. Second-quarter volume growth was 5.8%, which represented an underlying acceleration after the first quarter benefited from four additional selling days.

Sparkling beverages, energy drinks, and sports drinks were among the largest growth contributors. Sparkling volumes rose 6.4% in the first half, with Trademark Coke posting mid-single-digit growth and Coke Zero Sugar increasing by mid-teens. Coca-Cola Zero Sugar Zero Caffeine recorded triple-digit volume growth.

The company said it is more than 85% hedged for key commodity positions in 2026. It also updated full-year finance-cost guidance to €40 million to €50 million, reflecting interest expense on bonds issued to fund the planned acquisition of Coca-Cola Beverages Africa, partially offset by finance income.