Coca-Cola HBC's operating profit rose more than analysts had expected last year due to steady demand for coffee, energy and other ready-to-drink products, sending the bottler's shares nearly 8% to a record high on Thursday.

Coca-Cola’s exposure to aluminum and steel is a little more than a quarter of the company’s packaging mix, as of 2023 . Meanwhile, if Coca-Cola moved more product into plastic, it would expand a substrate that already accounted for nearly half of its packaging.

Shares in the Swiss-based company, the world's third-largest Coca-Cola anchor bottler, soared more than 9 per cent during the morning.

Shares of Coca Cola HBC AG (LSE:LON:CCH) edged up 1.2% as the company reported strong first-quarter earnings that surpassed consensus estimates and provided an optimistic earnings outlook for the fiscal year 2025.