Q1 2025 Coca Cola HBC AG Earnings Call Transcript
Key Points
- Coca-Cola HBC AG (CCHBF) achieved strong revenue growth with a 10.6% increase in organic revenue, driven by a 1.8% rise in volumes and an 8.7% increase in revenue per unit case.
- The company gained 130 basis points of value share in the non-alcoholic ready-to-drink market, showcasing effective execution and portfolio management.
- Energy drinks saw significant growth with volumes up over 25%, supported by new product launches and strong marketing activations.
- The company is leveraging data insights and analytics to enhance customer segmentation and target premium consumers, particularly in Nigeria, resulting in mid-teens growth for Schweppes volumes.
- Coca-Cola HBC AG (CCHBF) is making strides in sustainability, with initiatives like the launch of a deposit return scheme in Austria and a packaging collection facility in Nigeria.
- Currency headwinds continue to impact reported revenue growth, which was 8.7%, slightly lower than organic growth.
- The coffee segment experienced an 8% volume decline due to a strategic shift away from the at-home channel, impacting short-term performance.
- Emerging markets face challenges with weaker currencies and high inflation, particularly in Nigeria and Egypt, affecting overall financial performance.
- The potential introduction of a sugar tax in Italy could lead to price increases, impacting consumer demand and market dynamics.
- The company anticipates a challenging macroeconomic and geopolitical environment for the remainder of 2025, which could affect future performance.
Good morning everyone. Thank you for joining the call. I'm here with our CEO, Zoran Bogdanovic, and our CFO, Anastasis Stamoulis. We'll start with some opening remarks from Zoran and then open the floor to your questions. Please keep to one question and a follow up waiting for us to answer the first question before moving to your follow-up.
We have about an hour for the call today, which should give plenty of time for a good discussion. Finally, I must remind you that this conference call contains various forward-looking statements. These should be considered in conjunction with the cautionary statements in our trading update of this morning.
And with that, I will send the call over to Zoran.
Thank you, Jemima. And good morning, everyone. Thank you for joining this call. Let me start by calling out three key highlights from these results. First, We've achieved another quarter of strong revenue
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