date:Aug 01, 2014
first sight, said KBC Securities analyst Wim Hoste, who has an 'Accumulate' rating and 87 euro price target.
The group said higher prices and drinkers' shifts to premium products led to greater revenue, while cost control limited the impact of greater advertising and marketing expenses, much of it linked to the World Cup.
The company maintained its full-year outlook, except that it now saw distribution expenses rising by a mid- rather than a low-single-digit percentage, because of increased c