FDBusiness.com

Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth

 Breaking News
  • British Brewers Decrease Their CO2 Emissions by 42% Total CO2 emissions from the UK’s brewing industry have fallen by 42% in the last decade (2008 to 2018) – a reduction of 202,952 tonnes – according to new research conducted by the British Beer & Pub Association (BBPA). The research also found that the energy used to brew a pint of beer in the [...]...
  • Small Irish Snack Manufacturer Secures Major Contract With Tesco Pinkfinch, a County Down-based fruit snacks supplier, has secured a major contract with Tesco Ireland, which will see an estimated 100,000 bags sold annually. From launching his business in his parent’s spare bedroom five years ago,  Pinkfinch founder Michael Heaslip (pictured) has grown his innovative product line across Ireland, the UK, Europe, and the Middle East,  with [...]...
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...

Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth

Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth
February 18
14:32 2019

Coca-Cola European Partners has reported its fifth consecutive quarter of revenue growth and announced plans to trade on the London Stock Exchange. Revenue grew by 4.0% to €11.5 billion and comparable operating profit grew by 7.0% to €1.6 billion in 2018. Earnings per share were €2.30, an increase of 8.5%.

Coca-Cola Zero Sugar led growth in the portfolio, with volume increasing 11.0% in 2018. Fanta, Schweppes and the company’s energy brands all performed well.

Energy volume grew by 13%, while Fanta was the number one flavours brand for absolute value growth for customers. Fuze Tea is now the number two ready-to-drink tea brand across Coca-Cola European Partners’ markets, only 12 months on from launch.

Research from Nielsen shows CCEP created €8.7 billion in value for customers in 2018, €577 million more than in 2017. This puts CCEP among the top value-creating consumer goods companies in Europe.

Damian Gammell, chief executive of Coca-Cola European Partners.

Damian Gammell, chief executive of Coca-Cola European Partners, says: “After our first two years as Coca-Cola European Partners, we continue to build a company based on three pillars: great beverages, great service and great people. Our 2018 results demonstrate this momentum, reflecting our ongoing focus on driving profitable revenue growth through strong price and mix realisation and solid in market execution.

“We continue to expand our total beverage portfolio while investing in core capabilities that will drive sustainable success, underpinned by our sustainability action plan ‘This is Forward’. We are already leading the way on carbon and water and making good progress on packaging, but we know we need to do more.”

Coca-Cola European Partners’s planned move to trade on the London Stock Exchange, which will be confirmed in mid-March, will make it easier for European investors to trade in the group’s shares.

Coca-Cola European Partners serves a consumer population of over 300 million across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden.

The Company is listed on Euronext Amsterdam, the New York Stock Exchange and on the Spanish stock exchanges.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements