CCHGY - Coca-Cola HBC AG (CCHBF) Q1 2024 Trading Update Call Transcript

2024-04-30 23:24:16 ET

Coca-Cola HBC AG (CCHBF)

Q1 2024 Trading Update Conference Call

April 30, 2024 4:30 AM ET

Company Participants

Joanna Kennedy - Head of Investor Relations

Zoran Bogdanovic - Chief Executive Officer

Anastasis Stamoulis - Incoming Chief Financial Officer

Conference Call Participants

Matthew Ford - Exane BNP Paribas

Simon Hales - Citigroup Inc.

Sanjeet Aujla - UBS Group AG

Olivier Nicolai - Goldman Sachs

Edward Mundy - Jefferies Group LLC

Mandeep Sangha - Barclays

Fintan Ryan - Goodbody

Charlie Higgs - Redburn Atlantic

Philip Spain - JPMorgan Chase & Co.

Andrea Pistacchi - Bank of America

Presentation

Operator

Thank you for standing by, ladies and gentlemen, and welcome to Coca-Cola HBC’s Conference Call for the 2024 First Quarter Trading Update. We have with us Zoran Bogdanovic, Chief Executive Officer; Anastasis Stamoulis, Chief Financial Officer; and Joanna Kennedy, Head of Investor Relations. At this time, all participants are in listen-only mode. There will be some prepared remarks followed by a question-and-answer session. [Operator Instructions] I must also advise you that this conference has been recorded today, Tuesday, April 30, 2024.

I’ll now pass the floor to one of your speakers, Joanna Kennedy. Please go ahead. Thank you.

Joanna Kennedy

Good morning, everyone. I’m here with our CEO, Zoran Bogdanovic, and our incoming 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 turn the call over to Zoran.

Zoran Bogdanovic

Thank you, Joanna, and good morning, everyone. Thanks for joining the call. I’m pleased to share an update on another quarter of good progress and the continued execution of our 24/7 strategy. We’ve delivered strong sales growth with good volume and revenue per case expansion. This is an encouraging start to the year, and our teams have continued to deliver despite challenging conditions in certain markets....

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