London, June 25, 2026, 14:06 (BST)
- The stock hovered around 4,812 pence after rising 3.3% on Wednesday.
- The index closed Wednesday with a 2026 gain of 25.35%, leading the FTSE 350 by 20.30 percentage points.
- The stock’s trailing P/E is 20.46, and free-cash-flow yield hit its lowest level in five years.
Coca-Cola HBC AG (LON:CCH) shares traded at about 4,812 pence in late Thursday afternoon, off roughly 0.1%. The FTSE 100 added close to 0.8%.
Coca-Cola HBC climbed 3.3% on Wednesday, ending at 4,816 pence. The FTSE 100 put on 0.31%. About 916,330 shares changed hands.
Trading volume came in roughly 43% over the 60-day average of 643,000 shares. FTSE Russell data showed CCH up 25.35% for the year, outpacing the FTSE 350 by 20.30 percentage points. The trailing P/E was 20.46, which is 35% higher than its five-year median and 1.5% off the period’s peak. Free-cash-flow yield was 2.14%, matching the five-year low and about a third of the 6.49% median.
CCH traded lower after first-quarter organic revenue climbed 11.6%, missing the 11.8% consensus. Shares dropped as much as 5.3% on May 7. The company raised its 2026 net finance cost target to €45 million-€65 million, up from €25 million-€45 million. Chief Financial Officer Anastasis Stamoulis told Reuters the company is “well hedged” on main commodity costs. Reuters
CCH is sticking with its 2026 guidance for 6%-7% organic revenue growth and 7%-10% organic EBIT growth. Organic volume grew 9.6% in the first quarter, or around 3.5% when adjusting for four extra selling days.
Chief Executive Zoran Bogdanović told investors on June 3 that he sees 2026 “more driven by volume generation” with price mix staying positive. For Coca-Cola Beverages Africa, he said they’re still waiting for approvals in South Africa and Tanzania, expecting to have them all “by the end of the year.”
CCH is set to acquire 75% of Coca-Cola Beverages Africa for roughly €2.22 billion. S&P Global Ratings expects adjusted debt-to-EBITDA to climb to 2.1-2.2x in 2026, from around 1.4-1.5x in 2025, before trending toward 2x over the next year. Annual free operating cash flow is projected at about €500 million.
Coca-Cola HBC management plans to meet investors in South Africa on June 29 and June 30. The company will report half-year results on August 5 at 09:00 BST.
