CCHBF - Coca-Cola HBC AG (CCHBF) Q4 2023 Earnings Call Transcript
2024-02-14 16:59:10 ET
Coca-Cola HBC AG (CCHBF)
Q4 2023 Results Conference Call
February 14, 2024 04:00 AM ET
Company Participants
John Dawson - Head of Investor Relations
Zoran Bogdanovic - Chief Executive Officer
Ben Almanzar - Chief Financial Officer
Conference Call Participants
Mandeep Sangha - Barclays
Matthew Ford - BNP Paribas Exane
Sanjeet Aujla - UBS
Simon Hales - Citi
Edward Mundy - Jefferies
Olivier Nicolai - Goldman Sachs
Ryan Fintan - Goodbody
Charlie Higgs - Redburn Atlantic
Andrea Pistacchi - Bank of America
Presentation
John Dawson
Good morning, and thank you all for joining the call. In a moment, Zoran will share his highlights of 2023. Ben will then take you through our financial performance in more detail and discuss the outlook for 2024 before handing back to Zoran, who will look in more detail at the growth opportunities for the business before we open up the floor to questions. We have just over an hour available for the call today, and we should have well over 30 minutes for questions. We will ask you therefore to keep to one question and one follow-up question before joining the queue again.
Let me remind you that this conference call contains forward-looking statements, and these should be considered in conjunction with the cautionary statements in our results statement issued earlier today.
With that, now let me hand over the call to Zoran.
Zoran Bogdanovic
Thank you, John. Good morning, everyone, and thank you for joining the call. 2023 was a strong year for Coca-Cola HBC with significant strategic and operational progress. It's a privilege and pleasure to be the voice for a committed team who have worked tirelessly to sustain our track record of growth, delivering record levels of revenue, profit and earnings.
My two key takeaways for you today are simple. Our growth strategy is working; and our portfolio, operations and teams keep getting stronger and stronger. On almost all metrics we look at and review, our growth strategy is delivering great results. Our NARTD and sparkling drinks markets are growing despite adverse economic headwinds in most markets. This is happening because we are working with our partners to drive consumer activation and drive per capita consumption. More on this later.
Within this, our market share continues to grow with an additional 110 basis points of NARTD, an 80 basis points share over the last 12 months. And we have delivered this while improving price and mix, maintaining affordability and improving our NPS scores with our customers. As well as delivering results today, we have invested for future growth. Firstly, invested in our portfolio, strengthening our 3 priority categories led by Sparkling, working through our powerful partnership, particularly with the Coca-Cola Company, to drive innovation and consumer activation as well as making selective acquisitions like the acquisition of Finlandia....
Coca-Cola HBC AG (CCHBF) Q4 2023 Earnings Call Transcript