Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Q4 2022 Earnings Call Transcript

Nik Jhangiani: And just to disaggregating that a little bit, I mean, essentially, you’re looking at flat in Q4. But if you actually look at some of the markets like Iberia, GB, France, those have continued to see good growth, right? So I think we’ll continue to monitor and you remember, again, you’re looking at numbers that are quite different in terms of a base when you’re looking at Q4 because it’s a smaller away-from-home quarter to begin with, right, relative to Q2 and Q3. So — and to Damian’s point, we — nothing that we’re seeing in Q1 to date that would indicate a continuation of that trend.

Operator: Thank you. I would now like to hand the conference back to A – Damian Gammell for his closing remarks. Damian, please go ahead.

Damian Gammell: Thank you, operator. And again, thank you, everybody, for joining us today. So hopefully, you — we’ve shared with you our full year 2022, a great set of results. And again, I want to take this opportunity to thank everybody who works with us at CCEP and what they do every day to make this business great and continue to grow. As Nik highlighted, we are in a dynamic environment, and we’ve talked to that quite a bit today in the Q&A, but we do operate in a very resilient and very much a growing category. I think over a number of years, we’ve made the right decisions of CCEP to build a great platform, providing creation for our shareholders and our customers. This has been clearly bolstered by the acquisition of API.

And as Nik called out, was our first full year with API. And indeed, we’re traveling out there, just to meet and have a Board meeting there in March. So we’re looking forward to getting back into that market again. So we are confident about the future and delivering on those midterm objectives we laid out with you in November. Finally, we remain very committed to delivering great service and value creation for our customers, and that remains our priority in 2023. So again, thank you. Look forward to speaking to you again at Q1. Have a great rest of the day, everybody. Thank you very much.