Working capital turnover ratio of coca cola12/25/2023 Our strong performance is testament to the passion and dedication of our people and I would like to thank all our customers, partners and employees for their ongoing commitment and support. We are making tangible progress towards our Mission 2025 and NetZeroby40 goals, with key milestones including the opening of a new rPET facility in Italy and the issuance of our first green bond. The power of our portfolio and consistent investment in our capabilities allowed us to balance pricing and mix enhancements, while also achieving another year of strong share gains. The benefits of portfolio prioritisation were clear, with growth led by Sparkling, Energy and Coffee.Ĭonsumer demand for our products and in our categories remained good. “We delivered a strong performance in 2022 against a challenging backdrop, achieving record levels of revenue, comparable EBIT and free cash flow. Zoran Bogdanovic, Chief Executive Officer of Coca-Cola HBC AG, commented: Emerging: Organic revenue up 5.5%, with 23.5% growth excluding Russia and Ukraine.Developing: Organic revenue up 29.0%, led by double-digit volume growth across the main markets.Established: Organic revenue increased by 18.6% with well-balanced volume and revenue-per-case expansion.Board of Directors to propose an ordinary dividend of €0.78 per share, up 9.9% year on year representing a 46% pay-outĮstablished and Developing show strong momentum, Emerging impacted by declines in Russia and Ukraine.Issue of first green bond for €500 million.Free cash flow increased by €43.8 million to €645.1 million, due to improved profit generation and effective working capital management.Comparable EPS up 7.7%, impacted by a higher tax rate and finance charges, as expected.Accelerating our sustainability agenda with the opening of €30 million recycled PET (rPET) facility in ItalyĪnother year delivering record free cash flow and an increased dividend.Increased investment in capabilities to support prioritised opportunities in data, digital commerce, Egypt and Coffee.Investment behind Sparkling and Energy capacity and capability driving consistent performance.2021 comparative included €23 million benefit to EBIT from one-off Cyprus property saleĬontinued investment behind strategic priorities to drive profitable, sustainable growth.Continued investment in marketing, increased by 11.5% excluding Russia and Ukraine.
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