Societe Generale SA (XTER:SGE)

€ 25.11 0.11 (0.44%) Market Cap: 19.99 Bil Enterprise Value: 9.62 Bil PE Ratio: 8.52 PB Ratio: 0.31 GF Score: 65/100

Haleon PLC Fireside Chat with Societe Generale SA Transcript

Mar 23, 2023 / NTS GMT

Release Date Price: €21.17 (-2.33%)

Transcript

Victoria Nice

Societe Generale Cross Asset Research - Equity Analyst

Good morning, everyone. Great to have you all on the line. I'm really pleased to introduce to Tobias Hestler, CFO of Haleon, who's with us today to run through our questions, as well as those submitted in advance by some of you on the line. So we've got about 50 minutes, so I suggest we just dive right in.

Thank you for joining us. If we can start with the outlook for top line at group level before delving down into some of the categories, your midterm sales growth target of 4% to 6% implies outperformance versus your expectations for growth of the consumer health care market of around 3% to 4%. And the midpoint of that range suggests market share is expected to grow by around 50 basis points or so over the next few years.

Can you sort of help us understand whether this outperformance is expected to come more from share gains in existing market? Or is new market entry a bigger element of that?

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