Coca-Cola HBC AG (CCH) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.976 Good morning, and thank you all for joining the call. 00:00:02.976 -- 00:00:08.265 I'm here with our CEO, Zoran Bogdanovic, and our CFO, Anastasis Dimoulis. 00:00:08.265 -- 00:00:11.490 In a moment, Zoran will share the key highlights of 2025. 00:00:11.490 -- 00:00:16.258 Anastasis will then take you through our financial performance in more detail and discuss 00:00:16.258 -- 00:00:18.301 the outlook for 2026, 00:00:18.301 -- 00:00:23.149 before handing back to Zoran, who will discuss the strategic growth areas for the business. 00:00:23.149 -- 00:00:26.356 We will then open up the floor to questions. 00:00:26.356 -- 00:00:29.859 We have about an hour for the call today, which should give plenty of time for a good 00:00:29.859 -- 00:00:34.644 discussion, but please keep to one question and one follow-up, waiting for us to answer 00:00:34.644 -- 00:00:38.287 the first question before moving to your follow-up. 00:00:38.287 -- 00:00:42.050 Finally, I must remind you that this conference call contains various forward-looking 00:00:42.050 -- 00:00:45.894 statements. These should be considered in conjunction with the cautionary statements 00:00:45.894 -- 00:00:49.818 in our results press release this morning and at the end of our slide deck. 00:00:49.818 -- 00:00:53.241 And with that, I will turn the call over to Zoran. 00:00:53.241 -- 00:00:55.853 Thank you, Jemima. Good morning, everyone. 00:00:55.853 -- 00:01:00.941 And thank you for joining the call. 2025 was another strong year 00:01:00.941 -- 00:01:06.309 for Coca-Cola HBC. We've executed against our strategy and delivered a strong 00:01:06.309 -- 00:01:11.397 financial performance, all while operating through a mixed market 00:01:11.397 -- 00:01:16.625 environment and continuing t...