Coca-Cola HBC AG (LON:CCH)
London flag London · Delayed Price · Currency is GBP · Price in GBX
4,936.00
-36.00 (-0.72%)
Jul 17, 2026, 4:36 PM GMT

Coca-Cola HBC AG Earnings Call Transcripts

Fiscal Year 2026

  • Investor update

    Egypt has rapidly become a core growth market, delivering strong volume, revenue, and market share gains through disciplined integration, portfolio expansion, and digital transformation. Investments in talent, community, and infrastructure underpin double-digit organic revenue growth ambitions and provide a blueprint for future integrations, especially in Africa.

  • Q1 delivered double-digit organic revenue and volume growth, with all segments contributing and strong gains in Nigeria and Egypt. Guidance for 2026 is reiterated, supported by robust hedging, innovation, and successful bond issuance for the CCBA acquisition.

Fiscal Year 2025

  • Delivered strong organic revenue and EBIT growth in 2025, led by sparkling and energy categories, with robust performance across all segments and continued market share gains. Announced the acquisition of CCBA to expand in Africa, advanced sustainability, and maintained disciplined capital allocation. Guidance for 2026 anticipates continued growth despite macroeconomic uncertainties.

  • Acquisition of a 75% stake in CCBA for $2.6B will create the world’s second largest Coca-Cola bottler by volume, expanding into 43 markets. The deal is expected to be EPS accretive from 2027, with strong growth prospects in Africa and a maintained investment-grade profile.

  • Strong H1 2025 results with 9.9% organic revenue growth, robust performance in energy and emerging markets, and upgraded full-year guidance. Continued investment in marketing, digital, and sustainability, with disciplined capital allocation and resilience amid macro volatility.

  • Investor Update

    Nigeria is the largest and fastest-growing market, driven by a young population, tailored 24/7 portfolio, and digital-first execution. Strategic investments in manufacturing, talent, and sustainability underpin ambitions for double-digit revenue growth and margin recovery, with innovative segmentation and digital tools driving competitive advantage.

  • A growth-focused beverage company operating in 29 markets is targeting 6-7% annual organic revenue growth, with Q1 results in line with expectations. Strategic focus areas include digital transformation, sustainability, and category innovation, with strong performance in energy and coffee.

  • Q1 2025 saw strong organic revenue growth of 10.6% and value share gains, driven by pricing, mix, and volume momentum despite currency and inflation headwinds. Guidance for 6-8% top-line growth is reiterated, with key trading periods ahead and stable consumer conditions.

Fiscal Year 2024

  • 2024 saw robust organic revenue and EBIT growth, driven by strong execution in sparkling, energy, and coffee, with continued investments in capabilities and sustainability. 2025 guidance anticipates 6%-8% organic revenue growth and 7%-11% EBIT growth, with price/mix as a key driver.

  • Q3 saw strong organic revenue and volume growth across all segments, with standout performance in energy and coffee categories. 2024 guidance was raised, reflecting confidence despite ongoing consumer sensitivity, operational incidents, and regulatory changes.

  • Status Update

    DIA is a core strategic capability enabling personalized execution, revenue growth, and adaptability through advanced data and AI-driven segmentation. It supports targeted launches, optimized promotions, dynamic market responses, and robust data governance, with partners like Coca-Cola. Ongoing innovation in generative AI and talent development ensures continued advantage.

  • Strong H1 results and upgraded 2024 guidance reflect robust growth across a diverse 29-country footprint, with resilience in Eastern Europe and Africa offsetting Western European challenges. Strategic investments in portfolio, data analytics, and integration of new brands like Finlandia and Egypt drive future growth.

  • Strong organic revenue and EBIT growth in H1 2024, with market share gains and robust performance across all segments. Upgraded full-year guidance reflects confidence despite FX and macroeconomic headwinds, with continued investment in premiumization and sustainability.

  • Strong Q1 growth was driven by a diversified portfolio and disciplined revenue management, with guidance maintained amid macroeconomic uncertainties. Regional strategies focus on price mix, volume growth, and portfolio expansion, supported by advanced analytics and strong alignment with partners.

Fiscal Year 2023

Fiscal Year 2022

Fiscal Year 2021

Fiscal Year 2020