COCA-COLA HBC AG UNSPON ADR EACH REP 1 ORD Stock Forum

We update the model for Coca-Cola Hellenic (CCH) ahead of Q323 results scheduled for 31October. We forecast +14.5% organic sales in Q3 (volume +1.6%, price/mix +12.7%) with a volume decline in Established, weighed by tough comps and unfavourable weather, as well as in Developing (although underlying consumer trends should remain in line with H1 in most markets), while we forecast improvi...