Turkey-based Coca Cola Icecek rises after Q1 earnings beat

Coca-Cola Icecek AS

05/05/2026 08:38

** Shares in Turkey-based Coca Cola Icecek CCOLA.IS rise around 4% after Q1 results

** The company engaged in the bottling and distribution of alcohol-free beverages announced on Monday a Q1 net profit of 5.2 billion lira ($115.1 million) versus a net profit of 1.7 billion lira a year ago

** J.P.Morgan says the company's net profit this quarter was 20% higher than its forecast and 26% higher than consensus estimate

** The broker notes a strong quarter for the company operationally and that it was "supported by an ongoing margin overhaul in Turkiye and robust international volumes"

** The company's stock is among the best performers on Turkey's main BIST 100 Index .XU100

($1 = 45.1916 liras)

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com))