The following is a summary of the Coca-Cola Europacific Partners PLC (CCEP) Q3 2024 Earnings Call Transcript:
Financial Performance:
CCEP reported year-on-year growth in volume and revenue, with revenue growth per unit case, particularly strong in developed markets.
Despite slightly lowering full-year revenue guidance, full-year profit and cash guidance were reaffirmed alongside a dividend increase of just over 7% on last year.
Total revenue growth for Q3 was 2.4%, driven by strong revenue per unit case, partly offset by geographic mix. Year-to-date volumes were slightly up.
Business Progress:
Continued expansion in the Philippines and new customer acquisitions in various regions, such as the multi-brand restaurant franchise operator in Spain and Ancol Dreamland in Indonesia.
Launch of refillable glass bottles in Indonesia and transitioning of the route to market.
Investments in digital transformations, such as improvements to the B2B portal, myccep.com.
Opportunities:
Plans to showcase the business in Southeast Asia, particularly in Manila, to highlight growth and investment potential.
Significant focus on the Philippines market with increase in capital investment and integration of key account capabilities from Europe.
Risks:
Lowered full year revenue growth expectations due to adverse weather impacts and challenges in the European market, particularly in the away-from-home channel.
Geopolitical events and market challenges in Indonesia affecting volume and operations.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
