As Nick highlighted, we are in a dynamic environment and we've talked to that quite a bit today in the Q&A, but we do operate in a very resilient and very much a growing category. I think over a number of years, we've made the right decisions at CCEP to build a great platform for value creation for our shareholders and our customers. This has been clearly bolstered by the acquisition of API, and as Nick called out, it was our first full year with API. And indeed, we're traveling out there to Sydney to have a board meeting there in March, so we're looking forward to getting back into that market again.

Feb 16, 2023 / receipt, needs a key / Nick, CFO | earnings call 2023-02-16 | transcript 2fe90f45-6ae3-4c45-ade1-6fffcf2a8811 | chars 63289-63897 | segment 63

These pre-announced efficiency savings and combination benefits equate to 350 to 395 million euros in total and remain on track. So far in line with the indicative dates on the slide, we have so far delivered approximately 65% of these commitments. This includes the permanent savings from the 2020 mitigation programs in Europe and API, such as less travel in meetings and more efficient trade marketing spend, as well as the more structural efficiencies from Europe's accelerated competitiveness in API's Fighting Fit programs.

Feb 16, 2022 / receipt, needs a key / Nick Gianghiani, CFO | earnings call 2022-02-16 | transcript 7fa1eea3-183c-4362-9654-180900fba7fa | chars 13030-13559 | segment 13