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