CCEP H1 2022 Results

WEBWIRE



Coca-Cola Europacific Partners has published its results for the six months ended 1 July 2022.


Damian Gammell, Chief Executive Officer, said:



“We are pleased to have delivered a great first-half. We achieved strong top and bottom-line growth, gained value share and generated solid free cash flow. Key to this was the continued recovery of restaurants, pubs, cafes and bars, a return to travel and tourism for many consumers and a resilient home channel. All underpinned by robust categories and the strength of our customer relationships.



Our focus on core brands, leading in-market execution and headline price and mix delivered volume and revenue ahead of 2019. We shared in this success with our retail customers, having delivered more revenue growth for them than any of our peers. And we continued to make progress against our sustainability commitments – using more recycled plastic in our bottles and reducing carbon emissions from our supply chain.



“We remain confident in the resilience of our categories, despite a more uncertain outlook, given macroeconomic and geopolitical volatility and higher inflation. We continue to actively manage key levers of pricing and promotional spend across our broad pack offering, alongside our focus on efficiency. However, given our strong first half, we are raising revenue, operating profit and free cash flow guidance for FY22. This demonstrates the strength of our business and ability to deliver continued shareholder value.”


Read the results in full here. 

Hong Kong – Results of Language Proficiency Assessment for Teachers released

Results of Language Proficiency Assessment for Teachers released

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     The Education Bureau (EDB) today (July 25) announced that candidates of the Language Proficiency Assessment for Teachers (LPAT) 2022 (written and speaking papers), held in May and June this year, will receive results notices by post from the Hong Kong Examinations and Assessment Authority (HKEAA) from tomorrow (July 26). 

 

     A total of 1 295 candidates sat for the English Language papers while 1 195 sat for the Putonghua papers this year.

 

     The results of the assessment are as follows:

 

English Language papers:









   

Number of Candidates
Number and Percentage of Candidates Meeting the LPR*

(Level 3 or above)
Reading 977 793 (81.2%)
Writing 1 025 564 (55.0%)
Listening 888 690 (77.7%)
Speaking 916 653 (71.3%)
     


 

Putonghua papers:








  Number of Candidates Number and Percentage of Candidates Meeting the LPR*

(Level 3 or above)
Listening and Recognition 1 027 680 (66.2%)
Pinyin 956 606 (63.4%)
Speaking 501 417 (83.2%)
     


 

* LPR = Language Proficiency Requirement

 

     A spokesman for the EDB said, “The EDB administers the LPAT every year to provide a channel for teachers and people aspiring to be teachers of English or Putonghua to attain the Language Proficiency Requirement. Candidates of the LPAT include members of the public and teachers teaching subjects other than the two languages.”

 

     Candidates who have not received the results notices by this Friday (July 29) should contact the HKEAA on 3628 8860.

 

     Applications for rechecking of results will be accepted on or before August 1. Candidates will be informed individually of their appeal results by August 31.

 

     The Assessment Reports, which provide observations on candidates’ performance, including their strengths and areas for improvement, will be released in September through the websites of the HKEAA (www.hkeaa.edu.hk) and the EDB (www.edb.gov.hk) for the reference of candidates, schools and teacher education institutions. The question papers, together with a CD for the listening papers, suggested answers and Assessment Reports, will be available for sale in September.

 

     The spokesman added, “Concerning the Classroom Language Assessment (CLA) paper, teachers holding a permanent post have to meet the LPR within the first year of teaching the two languages. Due to the impact of the COVID-19 epidemic and suspension of face-to-face classes, the EDB has already extended the deadline in the 2021/22 school year for one year. All the results notices for the CLA will be issued by the HKEAA in October this year at the earliest, if feasible.”

Hong Kong – Results of Batch VI of Revitalising Historic Buildings Through Partnership Scheme announced

Results of Batch VI of Revitalising Historic Buildings Through Partnership Scheme announced (with photos/video)

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     The Development Bureau announced today (June 14) that four projects proposed by non-profit-making organisations (NPOs) have been selected to revitalise the Tai Tam Tuk Raw Water Pumping Station Staff Quarters Compound in Tai Tam, Homi Villa in Ting Kau, King Yin Lei in Mid-levels and Fong Yuen Study Hall in Ma Wan under Batch VI of the Revitalising Historic Buildings Through Partnership Scheme (Revitalisation Scheme).

 

     The Tai Tam Tuk Raw Water Pumping Station Staff Quarters Compound (a declared monument) will be converted into the “EARTH – Eco, Art & Culture, Revitalisation, Technology and Heritage” project by Lifewire Foundation Limited together with the Harbour School Foundation Limited. The project will set up a school for nature-based early childhood education, teacher training and after-school nature-based experiential learning programmes. It will also provide ecology, conservation, leisure and cultural activities for the public to raise their awareness of environmental sustainability. A Water Gallery will be set up to display the historical significance of this declared monument and the history of the water supply in Hong Kong.

 

     Homi Villa (a Grade 3 historic building) will be turned into the “CNHE Youyou Villa” by the National History Education (Hong Kong) Limited. The project will be a learning centre that integrates Chinese culture and history studies with environmental studies. Exhibitions, guided tours, lectures and workshops, etc will be organised to deepen public understanding of the environment, history and culture, and to allow visitors to learn about the history of Hong Kong. There will also be a restaurant serving Indian and Chinese cuisine to reflect the background and culture of Homi Villa and the Ruttonjee family.

 

     King Yin Lei (a declared monument) will be converted into the “King Yin Lei – a Healthy Living Centre based on Pu’er Tea & TCM” by the Tianda Institute together with the International Pu’er Tea Association Limited and the Chinese Medicine (Global) Promotion Association Limited, to promote general health through a better understanding of Pu’er tea, traditional Chinese medicine and medicinal herbs. Classes, mindfulness activities as well as tea and dining services will also be offered to arouse visitors’ awareness of maintaining sustainable health.

 

     Fong Yuen Study Hall (a Grade 3 historic building) will be revitalised into the “Fong Yuen Study Hall – Experiential Learning Centre” by the Boys’ Brigade, Hong Kong. The project will add science, technology, engineering and mathematics (STEM) innovation elements in its history, culture and environmental ecology activities to attract participants of different age groups and to carry through the educational mission of Fong Yuen Study Hall. It will also organise guided tours that link up the historical and cultural heritage, as well as natural environment, of Ma Wan.

 

     The Secretary for Development, Mr Michael Wong, said, “The Revitalisation Scheme launched by the Development Bureau in 2008 has entered into its 15th year. So far, a total of 22 declared monuments and historic buildings have been covered, among which 10 projects are now in operation, one project has recently commenced trial operation and two projects will commence operation soon. Through partnership with the NPOs, these buildings are preserved and transformed into unique cultural landmarks, providing opportunities to the public to visit and appreciate these old buildings with heritage value.”

 

     After completion of the four revitalisation projects, a substantial part of the historic buildings will be open for visiting by the public. Free guided tours and open days will also be organised. The public will have more chances to appreciate the historic buildings and use their facilities, thereby enhancing their understanding and awareness of conserving and revitalising the historic buildings.

 

     Mr Wong expressed gratitude to members of the Advisory Committee on Built Heritage Conservation (ACBHC) for their dedication and precious time in selecting the best adaptive re-use for the historic buildings under Batch VI of the Revitalisation Scheme.

 

     The Government will earmark funding of about $586 million to subsidise the renovation of the four historic buildings and another $15 million to subsidise the initial operation of the projects. This batch of projects is expected to be completed in phases and come into operation starting from 2025. It will create over 90 jobs.



     The ACBHC assessed 42 applications received in respect of these four buildings under Batch VI of the Revitalisation Scheme in accordance with the following five criteria:

 

* reflection of historical value and significance;

* technical aspects;

* social value and social enterprise operation;

* financial viability; and

* management capability and other considerations.

 

     For the Former North Kowloon Magistracy (a Grade 2 historic building) in Sham Shui Po, which was included in the same batch of the Revitalisation Scheme at a later date, assessment of 30 applications received is under way and the result is expected to be announced in the second half of this year after completion of the whole assessment process.

 

     Details of the selected projects can be found at the heritage conservation website (www.heritage.gov.hk).

 

     The Government launched the Revitalisation Scheme in 2008 to invite proposals from NPOs to revitalise selected government-owned historic buildings in the form of social enterprise. Where justified, the Government will provide financial support to the selected organisations, including a one-off grant to cover the cost of major renovation of the buildings, in part or in full; nominal rental for the buildings; and one-off grants to meet the starting costs and operating deficits of the social enterprises for a maximum of the first two years of operation at a ceiling of $5 million per project, on the prerequisite that the selected proposal is projected to become self-sustainable after this initial period.

2021 results and electrification plan

WEBWIRE



Maserati is the first Italian luxury car brand to produce full-electric models: the Trident is announcing its plans for the market launch of the electric range, Maserati Folgore, and is providing comments on the 2021 sales figures.


Maserati is innovative by nature and is looking ahead into the future.

As announced at the “MMXX: Time to be Audacious” event in September 2020, Maserati has completed the revamp of the Brand and is now ready for the market launch of Folgore, the new 100% electric range.


In 2021, the Stellantis Group’s only luxury brand reported an increase in its global market share to 2.4%, specifically at 2.9% and 2.7% in North America and China, respectively.

Last year, Maserati recorded robust growth in sales, at 41% year-on-year with a total of 24,269 vehicles delivered to customers worldwide.

Adjusted Operating Income (AOI) margin* stood at 5.1% and Net Revenues* were €2,021 million.


Bolstered by the outstanding results it has achieved, Maserati is carving out the path that will make it the first luxury brand to launch a 100% electric sports car.

Maserati will set the benchmark in every market segment and will be the first luxury brand to complete its electric line-up by 2025.


The Folgore full-electric strategy has been developed with customers’ requirements in mind, which remain the focus of every single product and form part of the Brand’s DNA.


The new GranTurismo will be the first car in Maserati history to adopt 100% electric solutions. Made at the Mirafiori production hub, it will debut in the market in 2023.

The new GranTurismo, a true icon for the brand, will offer cutting-edge technical solutions derived from Formula E, superb performance, comfort and elegance, all typical of the Trident.

Next year, the all-new Grecale SUV – scheduled for launch in the next few days – will also become available in an electric version.


Between 2024 and 2025, all Maserati models will come in a 100% electric version: the MC20 super sports car, the new Quattroporte sport sedan and the all-new full-size Levante SUV will complete the Maserati Folgore offering, to attract the new luxury consumer in all market segments.


By 2030, the entire Maserati range will be full electric.


Maserati plan is part of the Stellantis “Dare Forward 2030” strategic plan announced on 1st March. All the brand’s new models will be developed, engineered and produced 100% in Italy, and will be adopting electric powertrains, to bring great innovation and high performance, both typical of Maserati’s DNA.


*Presented on a Pro Forma basis and as if the FCA and PSA merger was completed on Jan 1 ’20.  Refer to Stellantis’ 2021 Form 20-F available under the Investors section of the Stellantis corporate website at www.stellantis.com for additional information regarding the Pro Forma results. 

Strategic Results JV Receives 8(a) Stars III Award

 Strategic Results (SR) announced today that its Joint Venture, Z4E Strategic Results Alliance LLC, received the prestigious Best-in-Class GSA 8(a) STARS III award. This multiple-award indefinite delivery-quantity (MA-ID/IQ) contract is designed to provide federal agencies with innovative information technology (IT) services-based solutions from award-winning small businesses.

Through this award, Z4E Strategic Results Alliance will be able to provide customized IT solutions to meet federal agencies’ individual mission needs, such as data management, IT operations and maintenance, IT security, and software development and systems design. Due to SR’s strong past performance, the JV was selected for the emerging technology-focused scope sub-area, which is intended to accelerate transformation. Services typical in this sub-area include artificial intelligence, autonomic computing, blockchain/distributed ledger, quantum computing, robotic process automation, technological convergence, and virtual reality.

“This contract offers an excellent resource for federal agencies, and we are pleased that this award will allow us to build on our previous successes providing innovative IT solutions in support of our clients’ missions,” said Anne Dunne, CEO of Strategic Results.

About JV: Strategic Results and Z4 Enterprises (Z4E), a service-disabled veteran-owned small business, formed a Joint Venture in 2017. Strategic Results is a technology and communications management company based in the Washington, D.C., region with 25 years of experience achieving extraordinary results to federal agencies and commercial clients. Z4E specializes in providing engineering and professional services in support of acquisition professionals. The partnership allows SR to leverage more than two decades of experience navigating the federal space to mentor and provide opportunities to a veteran-owned business in the federal marketplace. Since its inception, the Z4E Strategic Results Alliance LLC has won multiple awards, including those with the Department of Transportation’s Transportation Safety Institute and the Department of Defense, Defense Media Activity Acquisitions and Project Management offices.

For more information, call 240.477.4097 or visit www.strategicresults.com.

Strategic Results

Jill Gross

240-477-5097

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