Coca-Cola HBC AG

CCH: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 7,491.00	Ynsbf	Lsgbbht

CCHBC Is an Attractive Way to Play Developing Markets in Beverages

Dan Su

Apr 3, 2024

Business Strategy and Outlook

Coca-Cola Hellenic Bottling Company, or CCHBC, the third-largest bottler by volume in the Coca-Cola system, is one of the more diversified bottlers by both geographic footprint and product portfolio. Through its legacy assets and acquisition, CCHBC has operations in Eastern Europe, some of the smaller markets in Western Europe such as Switzerland and Ireland, and Egypt and Nigeria in Africa. Developing and emerging markets combined accounted for 68% of revenue in 2023 and 65% of EBIT.

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