Coca-Cola HBC(US:CCHGY)2024-08-10 10:52Financial Performance - Organic revenue grew by 13.6%[1], driven by a 3.1% increase in volume[1] - Comparable EBIT increased organically by 7.5%, reaching €564.1 million[1,9] - Comparable EPS was €1.04, a decrease of 1.7% due to higher finance costs[14] Category Performance - Sparkling category volume increased by 0.9%[2] - Energy drink volume saw significant growth of 32.8%[3] - Coffee volume increased by 21.6%[4] - Stills category volume grew by 5.2%[4] - Premium Spirits volume increased by 17.3%[5] Market Performance - Established markets saw revenue increase by 4.4%[10] and comparable EBIT increase by 11.1%[10] - Developing markets experienced revenue growth of 11.5%[12] and a comparable EBIT increase of 62.3%[12] - Emerging markets revenue increased by 22.7%[13], but comparable EBIT decreased by 8.6%[13] Investments and Returns - Capex was €202.8 million, with expectations to be within the guided range of 6.5%-7.5% at FY 2024[16] - A dividend of €0.93 was paid in June, representing a 19.2% year-on-year increase[16] - The company repurchased approximately 40% of shares, up to a maximum of €400 million[16] Outlook - The company upgraded its guidance for 2024, expecting organic revenue growth of 8% to 12% and organic EBIT growth of 7% to 12%[18]