London, July 7, 2026, 19:05 BST
- CCH ended up 0.5% after the London close, topping the FTSE 100, which added 0.13%.
- A Cairo investor presentation put Egypt’s Q1 organic revenue growth at 26%. That’s more than double the group organic growth figure of 11.6%.
- The company said the Egypt event won’t have any new material financial info. Half-year results come out Aug. 5.
Coca-Cola HBC AG LON:CCH finished Tuesday trading near its 12-month high, but the focus for investors turned to Egypt. Egypt now makes up 11% of group volume, ranking as CCH’s third-biggest market by volume, and it outpaced group growth in Q1.
Coca-Cola HBC was quoted at 5,070p to sell and 5,075p to buy, up 25p or 0.5%, according to AJ Bell data. That puts the midpoint about 2.4% under the year’s 5,195p high, and around 55% over the 3,270p low. Volume was 1.43 million shares. Market cap stood at £18.41 billion.
| Market marker | Latest quoted data |
|---|---|
| Sell / buy | 5,070p / 5,075p |
| Daily change | up 25p, or 0.50% |
| FTSE 100 move | up 0.13% |
| Previous close | 5,025p |
| Trade high | 5,135p |
| Year high / low | 5,195p / 3,270p |
| Volume | 1,432,224 |
| Market value | £18.41 bln |
The Egypt slide broke out more numbers for a market that could play a big role after the Coca-Cola Beverages Africa deal closes. Organic revenue in Egypt jumped 26% in Q1, with volume up 19% and price/mix adding 5%. Across the group, first-quarter organic revenue increased 11.6%, volume was up 9.6%, and organic revenue per case rose 1.8%.
| Q1 2026 organic growth | Egypt | Group |
|---|---|---|
| Revenue | up 26% | up 11.6% |
| Volume | up 19% | up 9.6% |
| Price / mix or revenue per case | up 5% | up 1.8% |
The gap is key for CCH stock. The shares have rallied, but analysts’ consensus sees 2026 organic revenue up 6.3% and organic comparable EBIT up 9.2%. That’s from 15 analysts as of April 16. CCH guides for 6% to 7% organic revenue growth and 7% to 10% organic EBIT growth in 2026.
The key issue for the market is if markets such as Egypt can keep lifting the group when the calendar boost fades after Q1. CCH posted 9.6% organic volume growth in Q1, but that drops to about 3.5% if you strip out the extra four selling days.
Egypt is a big market for the company, with over 4,300 staff, five plants and 24 production lines, according to the presentation. The company has more than 1,600 people in sales there and is aiming for a 39% share in sparkling by 2025. Egypt is also the fastest-growing market for Energy and Coca-Cola’s fastest-growing African market for Trademark Coke in 2025 incremental volume, based on Coca-Cola system figures.
The deck said Egypt reported a 350-basis-point gross margin gain in three years, plus working capital up over 60 million euros from 2022. SAP integration, better sales tools, new production tech and less hard-currency risk were listed as factors.
CCH said in May it was still expecting to close the Coca-Cola Beverages Africa buyout in the back half of 2026. The company had already issued bonds for the 1.4 billion euro cash portion and had cleared antitrust hurdles in four of six markets as of then.
CEO Zoran Bogdanovic said in the May trading update that, “We delivered a good start to the year, with organic revenue growth of 11.6% and ongoing share gains.” He pointed to extra selling days helping volume, and said the company is putting money into its 24/7 portfolio, as well as Monster and Powerade.
Bogdanovic told Reuters in February the company was “constantly monitoring consumer sentiment,” adding this varies by country and could shape CCH’s approach. That month, Reuters also said J.P. Morgan analysts found the 2026 outlook reassuring after worries about more cautious guidance. Reuters
CCH held an investor event Tuesday focused on Egypt and long-term growth. The company said the meeting was educational and would not include new financial material. CCH also gave an update on progress after the 2022 acquisition. The next event is set for Aug. 5 with half-year results.
