The Coca-Cola Hellenic Bottling Company has warned poor weather and the economic environment will adversely impact its first-half operating profit.
Profit growth would be between 5%-7% instead of between 11% to 13% because of poor weather conditions across Central European markets, a challenging economic environment, rising oil prices and a 12-day transportation strike in Greece, the company said.
“We are already initiating specific action plans to meet these challenges and I believe that the steps we are taking will enable us to deliver on our updated full year guidance,” said Doros Constantinou, managing director of Coca-Cola Hellenic Bottling Company said.
Profit growth would be between 5%-7% instead of between 11% to 13% because of poor weather conditions across Central European markets, a challenging economic environment, rising oil prices and a 12-day transportation strike in Greece, the company said.
“We are already initiating specific action plans to meet these challenges and I believe that the steps we are taking will enable us to deliver on our updated full year guidance,” said Doros Constantinou, managing director of Coca-Cola Hellenic Bottling Company said.
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