FDBusiness.com

Solid Growth at European-focused Coca Cola Enterprises

 Breaking News
  • Millenials Adopt a Fouth Meal Culture There has been a 14% average annual growth in food and beverage launches with a snacking claim (Global, CAGR 2014- 2018), according to Innova Market Insights. For most consumers, snacking is a part of daily life and always has been. What is changing is the way people think about snacking and what is considered to [...]...
  • European Commission Proposal to Support Irish Beef Producers Impacted by Market Uncertainty EU Member States have agreed to a proposal from the European Commission to make €50 million available to Irish beef farmers, which can be matched by national funds to reach a maximum of €100 million. The establishment of the fund reflects the European Commission recognition of the particular challenges facing the Irish beef and veal [...]...
  • Givaudan Opens New Flagship Innovation Centre in Switzerland Givaudan, the global leader in flavours and fragrances, has officially inaugurated its new flagship Innovation Centre in Kemptthal, Switzerland, aimed to accelerate its global efforts in creating differentiated and sustainable flavour, taste and fragrance solutions for the food and beverage and beauty, personal and home care industries. The SFr120 million centre, Givaudan’s largest investment in research [...]...
  • Brits Get a Taste For Cocktails Nine million consumers are enjoying cocktails when they go out, making this one of Britain’s fastest growing drinks categories within spirits, according to exclusive new research by out of home food and drink expert CGA. The popularity of cocktails, and the fact they are more widely available, has helped boost sales through Britain’s pubs, bars [...]...
  • New Artificial Intelligence Tool Predicts How Much Milk 1.5 Million Cows Will Produce Arla Foods has developed a new artificial intelligence tool to better predict their milk intake from farmer-owners. This means that 200 million kilos of milk can now be utilised better each year making Arla’s value chain even more sustainable. Every year, Arla collects around 13 billion kilos of milk from their 10,300 farmer-owners across Northern Europe. [...]...

Solid Growth at European-focused Coca Cola Enterprises

Solid Growth at European-focused Coca Cola Enterprises
February 09
12:44 2012

Coca-Cola Enterprises, the world’s third largest independent Coca-Cola bottler, has increased revenue by 11.5% to $8.3 billion with volume sales up 3.5% for 2011. Reported full-year operating income was $1.0 billion.

Since disposing of its North American operations, Coca-Cola Enterprises is now focused purely on Europe, where it is the sole licensed bottler for products of The Coca-Cola Company in Great Britain, Belgium, continental France, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.

Revenue was up 5.5% on a currency neutral basis, when compared to 2010 pro forma results. Operating income increased by 17% over prior year pro forma results, and by 9% on a comparable and currency neutral basis.

The volume increase reflects 3.5% growth in the group’s sparkling brands and approximately 3% growth in still beverages. Key highlights in 2011 included volume growth of 3.5% for core Coca-Cola trademark brands, and more than 40% for energy brands, driven by Monster and the introduction of Powerade Energy in Great Britain. Coca-Cola Enterprises also recorded solid growth from Capri Sun and Ocean Spray in stills. On a territory basis, volume increased in both Great Britain and continental Europe by 2.5% and 4.5% respectively.

“2011 marks the sixth consecutive year of volume and profit growth in our legacy territories,” says John Brock, chairman and chief executive of Coca-Cola Enterprises. “While we continue to face ongoing marketplace and macroeconomic challenges, the results from our first full year of operating exclusively as a European bottler reinforce the confidence we have in the long-term potential of today’s Coca-Cola Enterprises.”

He continues: “Throughout the year, we made consistent progress against key initiatives, including the integration of Norway and Sweden and the completion of our $1 billion share repurchase program.”

In line with its long-term objective of creating increasing levels of shareowner value, Coca-Cola Enterprises initiated a new $1 billion share repurchase program in January 2012, with a goal of repurchasing at least $500 million of its shares by the year end.

For 2012, Coca-Cola Enterprises expects revenue to grow in a high single-digit range, with operating income growth in mid single-digits. “In 2012, we expect to deliver another year of growth as we continue to enhance our brand portfolio, improve the service we provide to our customers, and maximize the value of excellent marketplace opportunities, including the 2012 Olympic Games in London, which we are working to make the greenest ever,” says John Brock.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2019BevExpo 2019
  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements