Skip to main content

Coca-Cola European Partners plc (CCEP) Q1 2020 Earnings Call Transcript by fool.com

Coca-Cola European Partners plc (CCEP) Q1 2020 Earnings Call Transcript by fool.com

close-up photography of red and white Coca-Cola trailer

Ladies and gentlemen, thank you for standing by and welcome to the CCEP Q1 2020 Trading Update Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to your speaker today Sarah Willett, VP, Investor Relations. Thank you. Please go ahead.

Sarah Willett -- VP, Investor Relations

Thank you and good afternoon in Europe or good morning in the US. Thank you all for joining us today. I'm here with our CEO Damian Gammell; and Nik Jhangiani, our CFO. Before we begin with our opening remarks on our first quarter trading alongside a COVID-19 update, I would like to remind you of our cautionary statements. This call will contain forward-looking management comments and other statements reflecting our outlook. These comments should be considered in conjunction with the cautionary language contained in this morning's release as well as the detailed cautionary statements found in reports filed with the UK, US, Dutch and Spanish authorities. A copy of this information is available on our website at www.cocacolaep.com.

Today's prepared remarks will be made by Damian and Nik and will be accompanied by a slide deck. Following the webcast, a full transcript will be made available as soon as possible on our website. Following prepared remarks, we will turn the call over to your questions. [Operator Instructions] I will now turn the call over to our CEO, Damian.
Continue: 


Comments

Popular posts from this blog

Italy: Firms shake lockdown using shortcut in coronavirus law

Italy: Firms shake lockdown using shortcut in coronavirus law The government last week extended non-essential business closures to May 3. But more than 100,000 mainly small- and medium-sized companies have applied to keep going or partially reopen. In principle, a key hurdle for companies to do business should be that they can prove they are part of a supply chain to businesses that are deemed “essential” in a government decree, such as food, energy or pharmaceutical companies. But the government, facing a backlog of applications, has clarified Italy’s lockdown laws to say no companies need to wait for government approval to go ahead. More than 105,000 firms have applied to be considered part of essential supply chains, the interior minister said on Wednesday, in a guideline on its website to clarify the lockdown rules. Of those, just over 2,000 have been turned down and told to suspend their business. More than 38,000 are being investigated and the rest are waiting to be...

German government overreacted on COVID-19

German government overreacted on COVID-19 Christian Drosten, director of Berlin's Institute of Virology at the Charité Hospital, spoke to The Guardian on Sunday, days after the country began lifting some lockdown restrictions. Germany's lockdown started to lift on April 20, with the opening of smaller businesses like car dealerships, bike shops, and book stores. The country plans to start reopening schools on May 4. Drosten said he felt like the government was being pressured to reopen, and that he feared that a blasé attitude toward the relatively tame outbreak in Germany could lead to a new burst of infections.  The basic reproduction number, also known as R0, represents the average number of people a single patient is expected to infect and is a key figure to measuring countries' outbreak. You can read Business Insider's explainer to it here. More: https://www.businessinsider.com/germany-coronavirus-restrictions-so-effective-people-think-overreaction...

thechronicleherald.ca: France to tighten controls on non-EU foreign investment

thechronicleherald.ca: France to tighten controls on non-EU foreign investment Currently non-European investments in French companies do not need government approval as long as the stake is 25% or less. PARIS (Reuters) - The French government will tighten restrictions on foreign investments from outside Europe in French companies to limit foreign control over strategic sectors and technologies, the finance minister said on Wednesday. The government already at the start of the year tightened controls on non-European foreign investments, in particular by lowering the threshold for state-vetting to 25% from 33% previously. Le Maire also said that he would add biotechnology companies to a list of sectors that requires government approval for an investment from outside Europe to go ahead. "In this period of crisis, some companies are vulnerable, some technologies are fragile and could be bought by foreign competitors at a low cost. I won't let it happen," Le Mai...