Coca-Cola Hellenic Lowers Earnings Forecast

June 2008 | Company News Alert

A profits warning from the Coca-Cola Hellenic Bottling Company (CCHBC), the world's second largest Coca-Cola bottler, has sent shockwaves through the soft drinks industry. The Greece-based company, which holds the franchise to bottle Coca-Cola products in most of Eastern Europe and parts of Western Europe, has revised downward its earning forecast for the current year, citing weak sales in several key markets and higher costs. This revelation caused the firm's share price to plummet (see graph) and has had a knock-on effect on the share price of other major players in the global soft drinks

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