Home Business Coca-Cola EP increases its turnover in Iberia by 12.5%

Coca-Cola EP increases its turnover in Iberia by 12.5%

Coca-Cola EP sube un 12,5% los ingresos en Iberia

Coca-Cola bottling company Europacific Partners (CCEP) increased its profits by 14% in the first half of this year compared to the same period in 2022, to 854 million euros, on revenue growth in Iberia (Spain, Portugal and Andorra) by 12.5%, up to 1,541 million.

As reported to the CNMV, it recorded revenues of 8,977 million euros, 8.5% more than in the first half of the previous year, where most of it comes from Europe, with 7,105 million, 10% more, with the United Kingdom as the main market, 1,570 million (+7.5%).

In Iberia the company detailed that Coca-Cola Original, Coca-Cola Zero and Aquarius performed well in the first half and Monster achieved double-digit growth, while in the Australia-Pacific-Indonesia region, revenues increased 2.5% year over year in the first half of this year, to $1,872 million.

Iberia, the European region that contributes most to Coca-Cola EP

Revenues of the Iberia region amounted to 886 million euros in the second quarter, 7% more than in the same period of the previous year, being the region that contributed the most in Europe in the quarter, with revenues equal to 3,960 million, 8.5% more.

The CEO of CCEP, Damian Gammell, expressed his satisfaction in a company statement sent to the CNMV for the results obtained in the first half, since they show a “solid growth in volumes in all markets” in which the agency. In this regard, he stated that “we are very proud to have closed an excellent first half, in which we achieved strong growth in revenues and net income and generated robust cash flow”. Our evolution reflects strong market execution and strong relationships with our customers,” he said, adding that looking to the future, he is confident in the “resilience” of the company’s product categories “despite the changing outlook of this moment”.

“After this positive first half year, we have improved our revenue, operating profit and cash flow forecasts for 2023. This demonstrates the strength of our business and the ability to continuously generate value for shareholders,” he concluded.

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