Coca-Cola sold more drinks in the first quarter of this year than a year earlier. The profit was also considerably higher.
Among other things, building up supplies in the United Kingdom gave the drink manufacturer a boost. That happened with a view to a possible hard Brexit.
At the presentation of the annual results in February, CEO James Quincey also indicated that the profit for the whole of 2019 could be lower than a year earlier, so that the quarterly figures now seem to be good for investors. Coca-Cola did hold on to its cautious expectations for this year. The company still suffers from exchange rate effects and geopolitical tensions.
Coca-Cola’s sales increased by 5 percent to 8 billion dollars. Below the line, the soft drink manufacturer was left with just under 1.7 billion dollars. That was just under 1.4 billion dollars in the first three months of 2018.