Business
Coca-Cola HBC Investor Day
Coca-Cola HBC Investor Day.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n \nCoca-Cola HBC AG Investor Day 25 May 2023\n \n \nACCELERATING THE DELIVERY OF SUSTAINABLE AND PROFITABLE GROWTH\n \nZug, Switzerland - 25 May 2023 - Coca-Cola HBC AG (\"Coca-Cola HBC\", \"Company\", \"we'), a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, is today hosting an investor event in Rome, Italy. Alongside an opportunity to meet and hear from various members of the senior management team, the event includes an update on the Company's growth strategy and financial targets, extended to cover the medium-term, with an increased revenue growth target.\n \nThe updates presented today build on the growth plans and targets set out at the Company's last investor day in 2019. Since then, Coca-Cola HBC has refocused resources to strengthen core growth capabilities and managed through various periods of macro-instability to deliver a strong recovery in growth and material improvement to overall profit.\n \nCoca-Cola HBC will set out the progress it has made across its five growth strategy pillars, which remain unchanged, and how these are positioning the Company for higher levels of growth over the medium term. This includes how we are prioritising the best opportunities in our unique, 24/7 sparkling-led beverage portfolio, and how our investment in new digital and data-enhanced tools strengthens our route-to-market approach and best-in-class execution.\n \nAs part of the evolution of our growth story, we are updating our financial targets to cover the medium-term period beyond 2023. Alongside continued strong execution of our strategy, these targets reflect a positive outlook for our market categories and our expectation to gain further market share. As a result, our targets are:\n \n· Average annual organic revenue growth of 6-7% (previously a target of 5-6% per annum)\n· Average annual organic EBIT margin expansion of 20-40 basis points per annum\n· Capital expenditure as a percentage of revenue in the range of 6.5-7.5% per annum\n· Continued focus on growing ROIC (2022: 14.1%)\n \nWe reaffirm our commitment to a progressive dividend representing a pay-out ratio of between 40-50% of comparable Earnings Per Share per annum. This...