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Coca-Cola HBC makes more money by raising prices and cutting costs.

(Reuters) – Coca-Cola (NYSE: KO) and HBC AG reported a better-than-expected operating profit for 2022 on Tuesday. This was because the company raised prices and cut costs.

The bottler, on the other hand, thinks that organic operating profit growth will be between +3% and -3% in 2023.


Coca-Cola HBC’s earnings for the year that ended on December 31 dropped by about 12% to 703.8 million euros ($755.5 million), which was more than the company’s own estimate of 658.2 million euros from analysts.

Even though people are spending less because they want cheaper options because inflation is going up, packaged food and drink makers are still selling a lot of their products, even though prices have gone up.

The company’s wide range of products includes alcoholic drinks like The Macallan and Jack Daniel’s, carbonated drinks like Sprite and Monster Energy, and Bambi cookies and wafers.

Analysts, on average, think that the company’s organic operating profit will be about 865.6 million euros in 2023. This is a 23% increase from the previous year.

($1 = 0.9316 euros)




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