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Coca-Cola HBC Ltd (DE:C0Q)
FRANKFURT:C0Q
Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.45Last Year’s EPS
0.65Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial performance for 2025: double-digit EBIT and EPS growth, robust free cash flow, significant category momentum (notably Energy), meaningful progress in Emerging markets, and strategic expansion via the CCBA acquisition. Management is investing behind growth (higher CapEx and marketing), upgrading digital and AI capabilities, and increasing shareholder returns. Key near-term risks include profit drag in Established markets from stepped-up investments, COGS/commodity exposure, FX and macro uncertainty—particularly tied to African markets and the pending CCBA transaction—and an expected normalization of finance costs in 2026. On balance, the highlights (strong organic growth, margin expansion, cash generation, category and market outperformance and clear strategic rationale for CCBA) materially outweigh the lowlights.Company Guidance
Strong Top-Line Growth
Organic revenue grew 8.1% in 2025 with volume growth of 2.8%, reflecting broad-based momentum across Sparkling and Energy categories.
Robust EBIT and Margin Expansion
Comparable EBIT reached nearly EUR 1.4 billion, up 11.5% organically, with comparable EBIT margin improving by 60 basis points to 11.7% (40 bps organically), a record high for the company.
Significant EPS and Free Cash Flow Performance
Comparable EPS rose ~19.7% to EUR 2.72 and the group delivered free cash flow of EUR 700 million despite a step-up in CapEx.
Energy Category Acceleration
Energy volumes grew 28% (tenth consecutive year of double-digit growth), the category surpassed EUR 1 billion in revenue and now represents ~9% of group revenue.
Emerging Markets Outperformance
Emerging segment revenue increased 13.2% with volumes up 4.4% and comparable EBIT up 23.2%, benefiting from pricing, positive category mix and cycling of prior FX remeasurement impacts.
Progress in Strategic M&A (CCBA Acquisition)
Agreement to acquire Coca-Cola Beverages Africa (CCBA) announced; transaction expected to be low single-digit EPS accretive in the first full year post-completion and to materially expand exposure to high-growth African markets (target completion by end-2026).
Investments for Growth and Higher ROI
CapEx increased to EUR 828 million (up EUR 148 million) to support capacity, automation and digital, while return on invested capital expanded 100 basis points to 19.4%.
Shareholder Returns Increased
Proposed dividend per share raised to EUR 1.20, up 17% year-on-year, within a progressive payout policy targeting a 40%–50% range.
Sustainability and Community Impact
Advanced packaging and circularity initiatives (deposit return systems with >80% return rates in recent launches), progress on packaging/climate/water goals and EUR 2.3 million disaster relief plus an additional $5 million commitment for the foundation.
Operational & Digital Capability Gains
Digital/logistics improvements: dynamic routing reduced travel time by 15% (live in 22 markets), Always-On connected coolers increased 20%, Customer Portal live in 22 markets, and AI pilot (Ignite Naija) showed higher volume and revenue per case in pilot outlets.
Consistent Multi-Year Track Record
Fifth consecutive year of strong growth, 20 consecutive quarters of organic revenue growth; five-year averages: organic volume ~4%, revenue growth ~15% and EBIT growth ~14%.
DE:C0Q Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:C0Q Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | €49.42 | €51.40 | +4.01% |
Aug 06, 2025 | €45.42 | €42.28 | -6.91% |
Feb 13, 2025 | €34.82 | €36.99 | +6.24% |
Aug 07, 2024 | €30.91 | €31.40 | +1.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Coca-Cola HBC Ltd (DE:C0Q) report earnings?
Coca-Cola HBC Ltd (DE:C0Q) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Coca-Cola HBC Ltd (DE:C0Q) earnings time?
Coca-Cola HBC Ltd (DE:C0Q) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Coca-Cola HBC Ltd stock?
The P/E ratio of Coca Cola HBC is N/A.
What is DE:C0Q EPS forecast?
DE:C0Q EPS forecast for the fiscal quarter 2026 (Q2) is 1.45.