Coca Cola Hellenic announced last friday, sales growth and profit growth will be less than expected. Growth downgraded from high single digits to mid single digits.
Blamed mediocre weather in Europe and higher costs including PET bottles.
Shares whacked 20% in US market and close to 10% in Australia. There is now a large gap between buyers and sellers.
CHB
coca-cola hellenic bottling company s.a.
