Business
Strong growth and share gains
Strong growth and share gains.
About this update from Coca-cola Hbc Ag
[{"type":"text","content":"\n\nStrong growth and share gains\nCoca-Cola HBC AG, a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, reports its financial results for the six months ended 28 June 2024.\n \nHalf-year highlights\n· Focused execution of strategic priorities drives strong organic revenue growth of 13.6%1\no Organic volume grew 3.1%, with our strategic priority categories all driving growth, Sparkling +0.9%, Energy +32.8% and Coffee +21.6%; Q2 volumes grew 4.2%, with all segments contributing\no Organic revenue per case growth of 10.2%, driven by targeted revenue growth management initiatives\no Reported revenue growth of 3.1%, with strong organic growth mostly offset by FX headwinds in the Emerging segment\no Further value share gains, with our share in Non-Alcoholic Ready-To-Drink (NARTD) up 170bps and Sparkling up 80bps year-to-date\n· Robust organic EBIT growth of 7.5%, with Comparable EBIT reaching €564.1 million\no Comparable gross profit margin grew 100 basis points, reflecting easing input cost inflation\no Ongoing investment in the business as well as higher other operating expenses as a result of currency headwinds, resulted in opex as a percentage of revenue up 130 basis points\no Resilient Comparable EBIT, up 0.6%; while margin was 30 basis points lower year-on-year on a reported basis, and down 60 basis points on an organic basis\n· Segmental highlights: Broad-based organic revenue growth\no Established: Organic revenue increased by 4.4%, led by revenue-per-case expansion and a resilient volume performance; organic EBIT grew 11.1%\no Developing: Organic revenue up 11.5%, driven by revenue-per-case expansion, as well as volume growth; organic EBIT up 62.3%\no Emerging: Organic revenue up 22.7% as we utilised revenue growth management initiatives to navigate FX headwinds in Nigeria and Egypt, and continued to drive solid volume growth; organic EBIT down 8.6%\n· EPS impacted by higher finance costs, despite EBIT growth\no Comparable EPS of €1.04, down 1.7% year-on-year, due to higher finance costs\no Strong balance sheet and liquidity; dividend of €0.93 per share, up 19.2%, paid in June\n· &nbs...