Half Year 2025 Coca Cola HBC AG Earnings Call Transcript
Key Points
- Coca-Cola HBC AG (CCHBF) reported a strong organic revenue growth of 9.9% in the first half of 2025, driven by a 2.6% increase in volume and a 7.2% rise in revenue per case.
- The company achieved a significant increase in earnings per share (EPS), growing nearly 26%, supported by strong EBIT performance and better net finance costs.
- Energy drinks category performed exceptionally well, with a 30% growth, driven by successful innovations and strong market activations.
- Coca-Cola HBC AG (CCHBF) gained 100 basis points of market share in the non-alcoholic ready-to-drink (NARTD) segment year-to-date, reinforcing its position as a market leader.
- The company continues to invest in digital transformation and sustainability initiatives, including the use of biomethane energy and deposit return schemes, contributing to its long-term growth strategy.
- Coffee volumes declined by 7.6% due to a strategic focus on the out-of-home channel, impacting total coffee sales.
- Stills volumes were broadly flat, indicating challenges in capturing growth in certain segments of the portfolio.
- The Established segment saw a decline in comparable EBIT by 7.2%, attributed to increased marketing investments and operating expenses.
- The Developing segment experienced flat volumes, with a decline in sparkling volumes despite growth in certain brands.
- The company faces ongoing challenges in the macroeconomic and geopolitical environment, which may impact future performance and guidance.
Thank you for standing by, ladies and gentlemen, and welcome to Coca-Cola HBC's conference call for the 2025 Half Year Results. We have with us Zoran Bogdanovic, Chief Executive Officer; and Anastasis Stamoulis, Chief Financial Officer; and Jemima Benstead, Head of Investor Relations. (Operator Instructions)
I must also advise that this conference is being recorded today, August 6, 2025. I now pass the floor to one of your speakers, Jemima. Please go ahead. Thank you.
Good morning, and thank you all for joining the call. I'm here with our CEO, Zoran Bogdanovic; and our CFO, Anastasis Stamoulis.
We have about an hour for the call today, which should give plenty of time for good discussions. We have about an hour for the call today, which should give plenty of time for a good discussion. Please keep to one question and one follow up, waiting for us to answer the first question before moving to your follow up.
I will also remind you that this conference call contains various
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