Swire Pacific Limited’s Q4 2024 Earnings Conference Call: Key Insights
On March 13, 2025, Swire Pacific Limited (OTCPK: SWRAY) held its Q4 2024 earnings conference call. The call was attended by Cindy Cheung, Head of Group Public Affairs, Guy Bradley, Chairman, Martin Murray, Finance Director, and Karen So, Managing Director of Swire Coca-Cola. The call participants included Raymond Yu from HSBC and Praveen Choudhary from Morgan Stanley.
Company Overview
Swire Pacific Limited is a diversified business based in Hong Kong. It operates in various industries, including beverage, property, aviation, and trading. Swire Coca-Cola is one of its major subsidiaries, which holds the exclusive bottling and distribution rights for Coca-Cola products in Hong Kong, Macau, and southern China.
Financial Performance
The call started abruptly with Cindy Cheung providing an overview of Swire Pacific’s financial performance for the year ended December 31, 2024. She highlighted that the Group’s revenue grew by 9% to HKD 55.3 billion ($7.1 billion), while net profit increased by 13% to HKD 6.4 billion ($842 million).
Swire Coca-Cola Performance
Karen So then presented the financial results for Swire Coca-Cola. She reported that the subsidiary’s revenue grew by 8% to HKD 18.5 billion ($2.4 billion), with operating profit increasing by 11% to HKD 2.8 billion ($367 million).
Impact on Investors
Raymond Yu from HSBC asked about the impact of the strong performance on Swire Pacific’s dividend policy. Martin Murray responded by confirming that the Board of Directors intends to propose a final dividend of HKD 0.32 per share, bringing the total dividend for the year to HKD 0.64 per share.
Impact on Consumers
Praveen Choudhary from Morgan Stanley inquired about any planned price increases for Coca-Cola products due to the strong financial performance. Karen So assured consumers that there are no plans for price increases in the near term.
Future Plans
- Cindy Cheung announced that Swire Pacific will continue to focus on its core businesses and explore opportunities in areas such as renewable energy and technology.
- Martin Murray mentioned that Swire Pacific will pursue growth opportunities in its property business, particularly in the residential sector.
Conclusion
Swire Pacific Limited’s Q4 2024 earnings conference call provided investors with positive news regarding the company’s financial performance and future plans. Swire Coca-Cola’s strong performance contributed significantly to Swire Pacific’s overall results. The absence of planned price increases for Coca-Cola products is a welcome relief for consumers. The company’s focus on its core businesses and exploration of new opportunities in renewable energy and technology positions Swire Pacific well for future growth.
The impact of Swire Pacific’s earnings on individual investors depends on their holdings in the company. Those who own Swire Pacific stock can look forward to a dividend payment of HKD 0.64 per share. For consumers, the absence of planned price increases for Coca-Cola products is a positive sign. At a larger scale, Swire Pacific’s strong financial performance and future plans contribute to the overall economic stability and growth in Hong Kong and the region.
