Welcome to our dedicated page for Coca-Cola Europacific Partners plc Ordinary Shares news (Ticker: CCEP), a resource for investors and traders seeking the latest updates and insights on Coca-Cola Europacific Partners plc Ordinary Shares stock.
Coca-Cola Europacific Partners plc (CCEP) is a leading consumer goods company, recognized as the second-largest bottling partner in the Coca-Cola system by volume. Operating predominantly in developed Europe (80% of 2023 revenue and EBIT) and Australasia (20%), CCEP serves over 600 million consumers across 31 countries, helping more than 2.1 million customers grow their businesses.
CCEP manages the production and bottling of non-alcoholic beverages, including popular brands like Coca-Cola, Fanta, Sprite, and Monster Energy. In 2023, the company announced a strategic move to further diversify its operations by acquiring Coca-Cola Beverages Philippines, Inc. (CCBPI) together with Aboitiz Equity Ventures Inc. (AEV). This acquisition supports CCEP's long-term growth strategy by providing access to the Philippine market, which boasts a burgeoning middle class and strong economic growth prospects.
Financially, CCEP has shown robust performance. In 2023, it sold 3.3 billion unit cases of beverages, representing roughly 9% of the global Coca-Cola system volume. CCEP's proposed acquisition of CCBPI is valued at $1.8 billion and is expected to consolidate the company's footprint in the Asia Pacific region, enhancing both profitability and growth potential. The transaction is aligned with CCEP's strategic mid-term objectives, emphasizing sustainable and stronger growth through diversification and scale.
The company is listed on Euronext Amsterdam, the NASDAQ Global Select Market, the London Stock Exchange, and the Spanish Stock Exchanges, trading under the symbol CCEP. It combines the strength and scale of a multinational enterprise with in-depth local market knowledge and a commitment to sustainability. CCEP's sustainability initiatives include achieving carbon neutrality at several manufacturing sites and exceeding its target of using 50% recycled plastic in its packaging.
For more information about CCEP, visit their official website at www.cocacolaep.com and follow them on Twitter at @CocaColaEP.
Coca-Cola Europacific Partners (CCEP) announces the Financial Conduct Authority's approval to transfer its ordinary shares listing from Equity Shares (Transition) to Equity Shares (Commercial Companies) category, effective November 15, 2024. This transfer is a step toward potential FTSE UK Index Series inclusion, subject to meeting liquidity requirements. The company needs to demonstrate a minimum daily trading volume of 0.025% of its traded free float (approximately 51,000 shares or £3.1m) on UK equity trading venues. If liquidity requirements are met between November 2024 and February 2025, CCEP could be eligible for FTSE indexation by March 2025.
Coca-Cola Europacific Partners (CCEP) reported solid Q3 2024 performance with adjusted comparable revenue growth of 2.4%. The company delivered a Q3 revenue of €5,358m, with flat volume growth (0.0%) and revenue per unit case up 2.5%. Despite mixed summer weather and softer consumer demand in Europe, APS (Asia Pacific) showed strong performance led by the Philippines. CCEP declared a second-half interim dividend of €1.23 per share, resulting in a full-year dividend of €1.97, up 7.1% vs 2023. The company reaffirmed its FY24 guidance, expecting comparable revenue growth of ~3.5% and operating profit growth of ~7%.
Coca-Cola Europacific Partners plc (CCEP) has announced its intention to transfer its UK listing category from Equity Shares (Transition) to Equity Shares (Commercial Companies). This transfer is expected to become effective on 15 November 2024. The move aims to increase CCEP's profile in the UK & Europe, improve share liquidity on UK trading venues, and attract a wider investor base.
CCEP, formed in 2016, is a leading consumer goods company operating in 31 countries across Western Europe, Australia, Pacific, and Southeast Asia. In FY23, the company generated €18.3 billion in revenue and €2.4 billion in comparable operating profit. The transfer will subject CCEP to additional UK Listing Rules, including compliance with the UK Corporate Governance Code.
Following the transfer and meeting certain conditions, CCEP may become eligible for admission to the FTSE UK Index Series. The company will retain its listings on NASDAQ, Euronext Amsterdam, and Spanish Stock Exchanges.
Coca-Cola Europacific Partners plc (CCEP) has announced solid first-half results for 2024, reaffirming its full-year guidance. Key highlights include:
- Revenue increased by 9.5% to €9,828 million
- Comparable operating profit grew by 11.2% to €1,296 million
- Comparable diluted EPS rose by 6.7% to €1.97
- Comparable free cash flow reached €539 million
- Interim dividend per share set at €0.74
CEO Damian Gammell noted the company's strong performance in Asia Pacific, particularly in the Philippines, which offset softer volumes in Europe due to adverse weather. CCEP continues to focus on revenue growth management, pricing strategies, and productivity to drive profitable growth and remain competitive in resilient categories.
Coca-Cola Europacific Partners (CCEP) has announced the appointment of Ed Walker as Chief Financial Officer (CFO), effective July 1, 2024. Ed Walker, who has been with CCEP since its formation and has over 30 years of finance leadership experience, will replace outgoing CFO Nik Jhangiani. Ed's extensive background includes roles as Group Controller of CCEP and CFO of the Coca-Cola bottler in Canada. The transition period will be supported by Nik Jhangiani until August 2024 and CCEP's half-year results.
CEO Damian Gammell praised Ed Walker's broad finance experience within the Coca-Cola system and expressed confidence in his ability to drive the business forward. Ed Walker expressed excitement about his new role and his commitment to working collaboratively with the team to achieve shared goals.
Coca-Cola Europacific Partners (CCEP) announces the resignation of their Chief Financial Officer, Nik Jhangiani, who is set to join Diageo plc later this year. The search for his successor is already in progress, with strong candidates identified. The current CFO will ensure a smooth transition before departing.
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