Brief: Coca-Cola Icecek Revises Down 2019 Full Year Volume Guidance Due To Challenging Market Conditions

Coca-Cola Icecek AS

08/08/2019 06:37

Aug 8(Reuters) - COCA-COLA ICECEK  CCOLA.IS :
    * SAID ON WEDNESDAY REVISES 2019 GUIDANCE
    * REVISES DOWN 2019 FULL YEAR VOLUME GUIDANCE DUE TO
CHALLENGING
MARKET CONDITIONS IN SOME OF INTERNATIONAL OPERATIONS, PRIMARILY
IN PAKISTAN
    * FOR 2019, EXPECTS 2%-4% GROWTH IN INTERNATIONAL OPERATIONS
(PREVIOUSLY: 6%-8% GROWTH) 
    * FOR 2019, EXPECTS 1%-3% GROWTH ON CONSOLIDATED BASIS
(PREVIOUSLY: 3%-5% GROWTH)
    * FOR 2019, EXPECTS FLAT TO SLIGHTLY POSITIVE IN TURKEY
(PREVIOUSLY: FLAT)
    * GUIDANCE FOR NET REVENUE GROWTH AND EBITDA MARGIN IS
MAINTAINED
FOR 2019

    
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