today. thank you, joining Damian, us Thank and you for all
financial So summary. our firstly, to
increase for year our So X.X% we guidance. the delivered billion, and of with line of in an XX.X EUR revenue
volumes underlying up comparable year, in were existing strategic of . X.X%, effect were the account flat volumes for principally the into and While we Europe. take
channel. Islands X.X% or by the Philippines, As Volumes to Damian in on were particularly the Volumes which also Away-from-Home also X.X% earlier, in were growth Guinea. Europe, an weather particularly basis. felt we mentioned the and of down in impressive in up impact Papua New Europe QX, during and the in volumes, softer EPS but adverse driven reflecting X.X%, Pacific QX contributed underlying
price favorable of and in optimization growth case case. a and the per coming unit was revenue on all relevance, with headline data geographic built Philippines, which a from brand on mix, per revenue focus the by lower reflecting strong delivered strong had We which pricing growth by We mix offset driven consumer partly X.X% is promotional positive insights.
X.X%, a per driving per in guidance, our our manufacturing, with and mix in stronger of single-digit offset line costs pricing has unit of higher per increased unit. incidence sales Philippines, through from the in impact Cost increased cost sales growth concentrate unit in the growth high which 'XX. case, the case inflation reflects cycling revenue This by model lower
the an X.X in to the of of elements for revenue EUR A OpEx And improvement breakdown points. basis X% was these all operating the XX.X%, expansion all this margin of drove provided an a points. XX presentation. of basis appendix and an percentage XX of operating around of profit is up as year billion, XX.X%, combined
and carrying declined noncash transformation share On XXX ForEx-neutral support EUR costs diluted business on delivered referred We by charge X.X% value business a reported earnings relating productivity a impairment basis, EUR to and higher X%, programs Indonesian comparable profit which million under of and to our just reflecting up growth operating per to the X.XX, unit, basis. Damian earlier. the of the
growth, in by line by continued generation charges, higher a core by higher XX with effective on was interest and be a basis continues in flow noncontrolling increased our to to guidance. cash our Comparable driven increase focus after free allocation. the on and return driven Philippines invested interest by the by tax And rate profit an X.X this driven And delivering and by offset the priority in impressive part capital us, capital our tax billion. EUR operating XX.X% both profit points for
dividend on And total returns, per we for X% the shareholder up share a finally, EUR X.XX, of paid over year. just
we efficiency on proven a productivity, record Now where track have and of to delivery.
our we've year, planned delivered In first and to around million efficiencies of EUR XX this ahead EUR came and its XX Around in of to current and Australia, reminder, million between earlier original XXXX. a XXX in Europe shared and our deliver program XX million. EUR half XXX than EUR further million aims As million guidance chain initiatives digital EUR leveraging of alongside service from Bulgaria. supply of our of capabilities by
to line further efficiencies network, the leading the confident expect generates ahead pressures to One which while in on of relates also the of German of to labor, continuing Looking drive Cologne benefits. our the particularly business, XXXX, further to see of our to consolidation facilities, still inflationary site warehousing we the and example we're in carbon with plans. optimization closure
And the cash them deliver these our benefits to and included as are the previously costs within all programs referenced, guidance. of restructuring
free into I us. to core conversion And key this lays net translates cash comparable as priority flow, very a profit. cash said, for components, billion cash free restructuring cash now as of generated flow The including healthy earlier. I bridge mentioned ongoing free costs, the out flow to a EUR X.X Turning
and line line billion Guinea cold PET new design We're lines the technology spend build RGB X.X investments, unified EUR in a in phase. successfully having SAP architecture, Germany. targeted the in digital as Recognizing new also GB Australia, chain, our drink Papua and of entering equipment. new phase of include the well in the New new completed on we more on Examples importance supply around CapEx as can
a remains core you And for working us. know, finally, focus driving benefits as capital
which we amount more EUR deleveraging to delivered impressive not taking year free that framework, billion driven over cumulative allocation me of year return enabled our to capital leverage our X plan, range to flow X.X sustained pleased benefits, And cash the really time. X.X yet unchanged. generation to is EBITDA to I'm So of target another us Xx ahead since than which has This XXXX. brings on of
a and on operating strong remain We balance sheet, range flexible rating. and our focused ensuring within we strong with leverage maintain investment-grade a
to total which CapEx weighted spend, net debt on debt and billion plans. EUR our implies capital well an attractive to over remain already unchanged We continue maturity investment on to expected average from benefit around growth for support X%. spend profile 'XX, X cost a guidance touched with restructuring of of our with balanced We
M&A our program annual XX of we over referenced around as earlier, Of arise. of should new finally, executed today, we Damian as shareholder delivering course, remain alert committed These to EUR comprise are to opportunity to value-accretive be dividend buyback And the XX%. the billion returns. share next ratio of payout X And months. our
Before I move on unlock Coca-Cola alignment opportunities. 'XX, will for to increase that further our X I a growth changes our share comments with to well-trailed guidance on portfolio Company wanted the few and
the is The to Tea. first Neste transition from Fuze
in the Iberia is last tea market rollout to better to platform and category. this change the its bolder growing Following Europe, successful in
been home relates is end well supported And great the and end of end customers, in Zealand. the of to of Distribution this away-from-home June Global by the As Spirits with running planned. with you has December New and well expect, Australia our partnership in second both until going marketing. would the
to recently in Australia, brand. as This the Company's Europe way the paves extended vodka-based the to we've but ARTD and launching start Philippines, Bison's in now seen the the offerings, multiyear of transition for acquired Popular Coca-Cola
of Just year exciting in are our 'XX that full guidance. both these to note reflected changes
full of of we which objectives. 'XX current conditions in remain view market to these and are objectives. delivery, earlier, the with our midterm A our mentioned reminder brief reflecting brings guidance, unchanged, Damian as aligned me midterm on their our confident then and is These year
by areas some on briefly exception. Touching
QX a expect revenue compared out would approximately be perspective, case to balanced We phasing more QX, call QX, and less of growth we revenue From this I in volume will that last and X% versus X strategic per annualize last selling year we have QX between delisting will year. in to year. Easter and the fall versus in impact of the and days
we around expect On cost sales, grow of X%. by this to
I labor are unit are partly continue for tied to inflationary with XX% efficiency. earlier, broadly by we our concentrate full we see We year per case anticipate pressures which 'XX. As mentioned efforts manufacturing, our the flat offset approximately costs on inflation in commodity revenue and to growth, our hedged combined do on owner
year the of excise finally, the Philippines the lower tax have soft changes offset We throughput tax in revenue. the growth impact announced late GB last given volume within from the anticipated And sales cost drinks its benefit per higher with mix of unit case.
tax XX%, last effective rate the around the for differences taxable year and reflecting assessment to Our of expected of market tax XX% current our across from our year, be uncertain positions. profits up in is mix
'XX. next commence share EUR at be cash will generate free our comparable flow February and over buyback program to expect EUR least We billion to X.X X billion new months imminently through of to the executed XX
offset noncontrolling effective the back by tax positive rate the We to be the the year in of buyback broadly interest anticipated from expect Damian. in outlook the given growth now months any and accretion Philippines. And XX flowing this share to through higher
