Brief: Coca-Cola Icecek Q3 Net Profit Drops To 5.17 Billion Lira YoY

Coca-Cola Icecek AS

04/11/2024 15:35

Nov 4 (Reuters) - Coca-Cola Icecek AS  CCOLA.IS :
    * Q3 NET PROFIT OF 5.17 BILLION LIRA VERSUS PROFIT OF 13.39
BILLION LIRA YEAR AGO
    * Q3 REVENUE OF 36.71 BILLION LIRA VERSUS 40.48 BILLION LIRA
YEAR
AGO
    * SEES 2024 SALES VOLUME TO BE LOW-TO-MID-SINGLE-DIGIT
VOLUME
DECLINE ON A CONSOLIDATED BASIS (PRVS
FORECAST:FLAT-TO-LOW-SINGLE-DIGIT VOLUME GROWTH ON A
CONSOLIDATED BASIS)
    * SEES 2024 NET REVENUE GROWTH AT  HIGH 10S TO LOW 20S
PERCENTAGE
FX-NEUTRAL NSR GROWTH (PRVS FORECAST:  LOW 30S PERCENTAGE
FX-NEUTRAL NSR GROWTH)
    * KEEPS 2024 EBIT MARGIN EXPECTATION TO BE SLIGHT DECLINE TO
FLAT
VERSUS LAST YEAR

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Further company coverage:  CCOLA.IS 

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