Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi (AEBZY) Q3 2024 Earnings Call Transcript

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Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi ( OTCPK:AEBZY ) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants Asli Kilic Demirel - IR Onur Alturk - CEO Gokce Yanasmayan - CFO Conference Call Participants Asli Kilic Demirel Ladies and gentlemen, welcome to Anadolu Efes' 9M 2024 Financial Results Conference Call and Webcast. Our presenters today, Mr. Onur Alturk, the CEO; and Mr.

Gokce Yanasmayan, the CFO. All participants will be in a listen-only mode, during the first part of this call. Following, you can submit your questions, using the question box on your website.



If you have questions, we kindly ask you to write down your questions before the Q&A session begins. This will allow us to review and address them. Thank you.

Unless explicitly stated otherwise, all financial information disclosed in this presentation are presented in accordance with EAS 29. Just to remind you, this conference call is being recorded, and the link will be available online. Before we start, I would kindly request you to refer to our notes in our presentation regarding forward-looking statements.

Now I'm leaving the ground to Mr. Onur Alturk, Anadolu Efes' CEO. Onur Alturk Thank you, Asli.

Firstly, welcome all. I would like to welcome all of you to our third quarter 2024 conference call. This is a very dynamic quarter for Anadolu Efes, marked with success in certain markets and of course, headwinds in others.

However, I'm pleased to share, our Beer Group has achieved six consecutive quarters of volume growth, with a solid mid-single-digit expansion in the third quarter of '24. In our soft drinks operations, challenges continued primarily due to the weakened purchasing power, and ongoing geopolitical uncertainties that have significantly impacted overall demand. But as a result, we saw mid-single digit decline in Anadolu Efes consolidated volumes.

Despite these volume.