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Coca-Cola HBC AG, a growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, today announces its Q3 2024 trading update.
Another quarter of strong organic revenue growth1 , driven by focused execution through the summer
Broad-based organic revenue growth, with positive volumes and revenue per case in all three segments, despite a mixed market environment
Further investment in our unique 24/7 portfolio and our bespoke capabilities
1For details on APMs refer to ‘Alternative Performance Measures’ and ‘Definitions and reconciliations of APMs’ sections.
Focused execution of our strategic priorities has helped deliver another quarter of strong revenue growth, up 13.9%, with good volume momentum across all three segments, as well as revenue per case expansion.
I am pleased that our Q3 results build on the strength of our first half, and clearly demonstrate how our 24/7 portfolio, combined with our bespoke capabilities, can deliver quality growth in a range of market conditions. We are mindful of macroeconomic and geopolitical challenges as well as a mixed consumer environment. However, reflecting our strong performance in the first nine months and our confidence that we can continue to win in the marketplace, we are updating our guidance for the year.
I would like to thank our teams for their hard work and agility, and our customers, suppliers, The Coca-Cola Company and all other partners, for their collaboration. I look forward to working together to deliver on our ambitions for 2024 and prepare for the years ahead.
Zoran Bogdanovic Chief Executive Officer of Coca-Cola HBC AG
Q3 2024 vs Q3 2023 |
Net sales revenue |
Volume |
Net sales revenue per unit case |
|||
Growth (%) |
Organic1 |
Reported |
Organic1 |
Reported |
Organic1 |
Reported |
Group |
13.9 |
8.9 |
4.0 |
4.1 |
9.5 |
4.7 |
Established markets |
3.0 |
4.1 |
0.9 |
1.1 |
2.0 |
2.9 |
Developing markets |
12.6 |
14.0 |
2.5 |
2.5 |
9.8 |
11.2 |
Emerging markets |
24.1 |
10.2 |
5.6 |
5.6 |
17.4 |
4.4 |
1For details on Alternative Performance Measures (‘APMs’) refer to ‘Alternative Performance Measures’ and ‘Definitions and reconciliations of APMs’ sections.