Coca-Cola Icecek AS ( (COLZF) ) has released its Q4 earnings. Here is a breakdown of the information Coca-Cola Icecek AS presented to its investors.
Coca-Cola Icecek AS (CCI) is a multinational beverage company operating across multiple countries, including Türkiye, Pakistan, and Iraq, producing and distributing a wide range of beverages under The Coca-Cola Company and Monster Energy Beverage Corporation. CCI is publicly traded on the Borsa Istanbul Stock Exchange.
In its latest earnings report, CCI faced a challenging year with a decline in sales volume by 2.2% and net sales revenue dropping by 5.6%. Despite these setbacks, the company managed to achieve a net profit of TL 14.8 billion, demonstrating resilience in a complex operating environment.
Key financial metrics showed a mixed performance with EBIT down by 9.6% and an EBIT margin of 13.7%, a slight decrease from the previous year. However, the company reported a 7.3% year-on-year growth in consolidated sales volumes in the fourth quarter, driven by strong performances in Türkiye and Iraq. The company also focused on expanding its low/no sugar portfolio, which saw a 2.5 percentage point increase in its share of total sparkling sales.
Looking ahead, CCI remains optimistic about 2025, with plans to focus on revenue growth management and maintaining affordability for consumers. The company expects mid-single-digit growth in sales volume and aims to balance cost inflation with price affordability to drive volume growth, despite potential pressures on EBIT margins.