Coca-Cola Europacific Partners Revenue Grows Despite Lower Volumes
01 Novembro 2023 - 6:12AM
Dow Jones News
By Najat Kantouar
Coca-Cola Europacific Partners has reported a revenue growth for
the third quarter despite a drop in volumes, reflecting strong
comparatives and mixed summer weather, and backed its full-year
guidance.
The London-listed bottling company said Wednesday that revenue
for the quarter ended Sep. 29 rose 9% on a comparable basis to 4.81
billion euros ($5.08 billion) driven by a headline price increase
implemented in the first quarter.
Volumes for the period fell 4.5% on a comparable basis to 846
million.
The board declared a second half interim dividend per share of
EUR1.17
"In the third quarter, we also delivered top line growth despite
mixed summer weather across Europe and the ongoing execution of our
long-term transformation strategy in Indonesia. We remain confident
in the resilience of our categories, despite ongoing macroeconomic
and geopolitical volatility," Chief Executive Damian Gammell
said.
The company reiterated that it expects to report comparable
revenue growth of 8%-9% and operating profit growth of 12%-13%.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
November 01, 2023 04:57 ET (08:57 GMT)
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