Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Coca-Cola Europacific Partners PLC Announces Results for the Six Months Ended 30 June 2023 By: ACCESSWIRE August 02, 2023 at 02:45 AM EDT Strong first half, raising FY guidance UXBRIDGE, UK / ACCESSWIRE / August 2, 2023 / H1 2023 Metric[1] As Reported Comparable [1] Change vs H1 2022 As Reported Comparable [1] Comparable FXN [1] Total CCEP Volume (M UC)[2] 1,631 1,631 1.0% 1.0% Revenue (€M) 8,977 8,977 8.5% 8.5% 10.5% Cost of sales (€M) 5,707 5,701 8.0% 7.5% 10.0% Operating expenses (€M) 2,153 2,111 6.5% 9.5% 11.5% Operating profit (€M) 1,170 1,165 21.0% 11.0% 13.0% Profit after taxes (€M) 854 847 26.5% 14.0% 16.5% Diluted EPS (€) 1.86 1.85 27.5% 14.5% 17.0% Revenue per UC[2] (€) 5.62 10.0% Cost of sales per UC[2] (€) 3.57 9.0% Free cash flow (€M) 850 H1 Interim dividend per share[3] (€) 0.67 Europe Volume (M UC)[2] 1,307 1,307 2.5% 2.5% Revenue (€M) 7,105 7,105 10.0% 10.0% 12.0% Operating profit (€M) 887 924 19.5% 12.0% 14.0% Revenue per UC[2] (€) 5.52 9.0% API Volume (M UC)[2] 324 324 (5.5)% (5.5)% Revenue (€M) 1,872 1,872 2.5% 2.5% 7.0% Operating profit (€M) 283 241 25.0% 6.5% 11.0% Revenue per UC[2] (€) 6.03 13.0% DAMIAN GAMMELL, CHIEF EXECUTIVE OFFICER, SAID: "Today, we are excited to announce the proposed joint acquisition of Coca-Cola Beverages Philippines, Inc. with Aboitiz Equity Ventures Inc., one of the leading conglomerates in the local market. This offers us a great opportunity to acquire an established, well-run business with attractive profitability and growth prospects. This would be a natural next step for CCEP, creating a more diverse footprint within our existing API business segment, support Indonesia's transformation journey and underpin our strategic mid-term objectives. "We are also very pleased to have delivered a great first half, achieving strong top and bottom-line growth and generating impressive free cash flow. Our performance reflects great in-market execution, strong customer relationships allowing our consumers to continue to enjoy our portfolio of leading brands across a broad pack offering. This resulted in solid volume growth across our developed markets, whilst our volume in Indonesia reflected the execution of our long-term transformation strategy. Our focus on revenue and margin growth management, along with our price and promotion strategy, drove solid gains in revenue per unit case with transactions outpacing volume. "Looking ahead, we remain confident in the resilience of our categories, despite the ongoing dynamic outlook. We have fantastic activation plans to build on our momentum, including the Women's World Cup, to engage customers and consumers. We also continue to actively manage our pricing and promotional spend to remain affordable and relevant to our consumers. Given our strong first half, we are raising revenue, operating profit and free cash flow guidance[1] for FY23. This demonstrates the strength of our business and ability to deliver continued shareholder value. This is all underpinned by our progress on sustainability, our talented and engaged colleagues, and our strong relationships with The Coca-Cola Company, our other brand partners, and our customers, who continue to share in our success." ___________________________ Note: All footnotes included after the 'About CCEP' section Click on, or paste the following link into your web browser, to view the associated PDF http://www.rns-pdf.londonstockexchange.com/rns/0422I_1-2023-8-2.pdf This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. SOURCE: Coca-Cola Europacific Partners plc View source version on accesswire.com: https://www.accesswire.com/771753/Coca-Cola-Europacific-Partners-PLC-Announces-Results-for-the-Six-Months-Ended-30-June-2023 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Coca-Cola Europacific Partners PLC Announces Results for the Six Months Ended 30 June 2023 By: ACCESSWIRE August 02, 2023 at 02:45 AM EDT Strong first half, raising FY guidance UXBRIDGE, UK / ACCESSWIRE / August 2, 2023 / H1 2023 Metric[1] As Reported Comparable [1] Change vs H1 2022 As Reported Comparable [1] Comparable FXN [1] Total CCEP Volume (M UC)[2] 1,631 1,631 1.0% 1.0% Revenue (€M) 8,977 8,977 8.5% 8.5% 10.5% Cost of sales (€M) 5,707 5,701 8.0% 7.5% 10.0% Operating expenses (€M) 2,153 2,111 6.5% 9.5% 11.5% Operating profit (€M) 1,170 1,165 21.0% 11.0% 13.0% Profit after taxes (€M) 854 847 26.5% 14.0% 16.5% Diluted EPS (€) 1.86 1.85 27.5% 14.5% 17.0% Revenue per UC[2] (€) 5.62 10.0% Cost of sales per UC[2] (€) 3.57 9.0% Free cash flow (€M) 850 H1 Interim dividend per share[3] (€) 0.67 Europe Volume (M UC)[2] 1,307 1,307 2.5% 2.5% Revenue (€M) 7,105 7,105 10.0% 10.0% 12.0% Operating profit (€M) 887 924 19.5% 12.0% 14.0% Revenue per UC[2] (€) 5.52 9.0% API Volume (M UC)[2] 324 324 (5.5)% (5.5)% Revenue (€M) 1,872 1,872 2.5% 2.5% 7.0% Operating profit (€M) 283 241 25.0% 6.5% 11.0% Revenue per UC[2] (€) 6.03 13.0% DAMIAN GAMMELL, CHIEF EXECUTIVE OFFICER, SAID: "Today, we are excited to announce the proposed joint acquisition of Coca-Cola Beverages Philippines, Inc. with Aboitiz Equity Ventures Inc., one of the leading conglomerates in the local market. This offers us a great opportunity to acquire an established, well-run business with attractive profitability and growth prospects. This would be a natural next step for CCEP, creating a more diverse footprint within our existing API business segment, support Indonesia's transformation journey and underpin our strategic mid-term objectives. "We are also very pleased to have delivered a great first half, achieving strong top and bottom-line growth and generating impressive free cash flow. Our performance reflects great in-market execution, strong customer relationships allowing our consumers to continue to enjoy our portfolio of leading brands across a broad pack offering. This resulted in solid volume growth across our developed markets, whilst our volume in Indonesia reflected the execution of our long-term transformation strategy. Our focus on revenue and margin growth management, along with our price and promotion strategy, drove solid gains in revenue per unit case with transactions outpacing volume. "Looking ahead, we remain confident in the resilience of our categories, despite the ongoing dynamic outlook. We have fantastic activation plans to build on our momentum, including the Women's World Cup, to engage customers and consumers. We also continue to actively manage our pricing and promotional spend to remain affordable and relevant to our consumers. Given our strong first half, we are raising revenue, operating profit and free cash flow guidance[1] for FY23. This demonstrates the strength of our business and ability to deliver continued shareholder value. This is all underpinned by our progress on sustainability, our talented and engaged colleagues, and our strong relationships with The Coca-Cola Company, our other brand partners, and our customers, who continue to share in our success." ___________________________ Note: All footnotes included after the 'About CCEP' section Click on, or paste the following link into your web browser, to view the associated PDF http://www.rns-pdf.londonstockexchange.com/rns/0422I_1-2023-8-2.pdf This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. SOURCE: Coca-Cola Europacific Partners plc View source version on accesswire.com: https://www.accesswire.com/771753/Coca-Cola-Europacific-Partners-PLC-Announces-Results-for-the-Six-Months-Ended-30-June-2023
Strong first half, raising FY guidance UXBRIDGE, UK / ACCESSWIRE / August 2, 2023 / H1 2023 Metric[1] As Reported Comparable [1] Change vs H1 2022 As Reported Comparable [1] Comparable FXN [1] Total CCEP Volume (M UC)[2] 1,631 1,631 1.0% 1.0% Revenue (€M) 8,977 8,977 8.5% 8.5% 10.5% Cost of sales (€M) 5,707 5,701 8.0% 7.5% 10.0% Operating expenses (€M) 2,153 2,111 6.5% 9.5% 11.5% Operating profit (€M) 1,170 1,165 21.0% 11.0% 13.0% Profit after taxes (€M) 854 847 26.5% 14.0% 16.5% Diluted EPS (€) 1.86 1.85 27.5% 14.5% 17.0% Revenue per UC[2] (€) 5.62 10.0% Cost of sales per UC[2] (€) 3.57 9.0% Free cash flow (€M) 850 H1 Interim dividend per share[3] (€) 0.67 Europe Volume (M UC)[2] 1,307 1,307 2.5% 2.5% Revenue (€M) 7,105 7,105 10.0% 10.0% 12.0% Operating profit (€M) 887 924 19.5% 12.0% 14.0% Revenue per UC[2] (€) 5.52 9.0% API Volume (M UC)[2] 324 324 (5.5)% (5.5)% Revenue (€M) 1,872 1,872 2.5% 2.5% 7.0% Operating profit (€M) 283 241 25.0% 6.5% 11.0% Revenue per UC[2] (€) 6.03 13.0% DAMIAN GAMMELL, CHIEF EXECUTIVE OFFICER, SAID: "Today, we are excited to announce the proposed joint acquisition of Coca-Cola Beverages Philippines, Inc. with Aboitiz Equity Ventures Inc., one of the leading conglomerates in the local market. This offers us a great opportunity to acquire an established, well-run business with attractive profitability and growth prospects. This would be a natural next step for CCEP, creating a more diverse footprint within our existing API business segment, support Indonesia's transformation journey and underpin our strategic mid-term objectives. "We are also very pleased to have delivered a great first half, achieving strong top and bottom-line growth and generating impressive free cash flow. Our performance reflects great in-market execution, strong customer relationships allowing our consumers to continue to enjoy our portfolio of leading brands across a broad pack offering. This resulted in solid volume growth across our developed markets, whilst our volume in Indonesia reflected the execution of our long-term transformation strategy. Our focus on revenue and margin growth management, along with our price and promotion strategy, drove solid gains in revenue per unit case with transactions outpacing volume. "Looking ahead, we remain confident in the resilience of our categories, despite the ongoing dynamic outlook. We have fantastic activation plans to build on our momentum, including the Women's World Cup, to engage customers and consumers. We also continue to actively manage our pricing and promotional spend to remain affordable and relevant to our consumers. Given our strong first half, we are raising revenue, operating profit and free cash flow guidance[1] for FY23. This demonstrates the strength of our business and ability to deliver continued shareholder value. This is all underpinned by our progress on sustainability, our talented and engaged colleagues, and our strong relationships with The Coca-Cola Company, our other brand partners, and our customers, who continue to share in our success." ___________________________ Note: All footnotes included after the 'About CCEP' section Click on, or paste the following link into your web browser, to view the associated PDF http://www.rns-pdf.londonstockexchange.com/rns/0422I_1-2023-8-2.pdf This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. SOURCE: Coca-Cola Europacific Partners plc View source version on accesswire.com: https://www.accesswire.com/771753/Coca-Cola-Europacific-Partners-PLC-Announces-Results-for-the-Six-Months-Ended-30-June-2023
