Welcome to our dedicated page for Coca-Cola Europacific Partners Plc news (Ticker: CCEP), a resource for investors and traders seeking the latest updates and insights on Coca-Cola Europacific Partners Plc 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) recently released its Q1 2023 Trading Update, showcasing a strong start to the year. The company reported:
- Revenue of €4,154 million, reflecting a growth of 12.0% and 14.0% on a fx-neutral basis.
- Comparable volume growth at 4.0%, driven by a robust performance in both the home and away-from-home channels.
- Interim dividend of €0.67 per share, with an annual payout ratio targeted at 50%.
CCEP reaffirms its FY23 guidance, expecting revenue growth of 6-8% and operating profit growth of 6-7%, amid ongoing uncertainties in market conditions.
Coca-Cola Europacific Partners plc (CCEP) has released the Notice of Meeting for its 2023 Annual General Meeting (AGM), scheduled for 4.30pm BST on 24 May 2023 in London. The company reaffirms its comparable operating profit guidance for the year ending 31 December 2023, consistent with its full year results disclosed on 16 February 2023. Shareholders can access the 2022 Integrated Report and Form 20-F, published on 17 March 2023, at the provided links. The Notice of AGM and Form of Proxy will be available on the National Storage Mechanism, ensuring compliance with Listing Rule 14.3.6R. Additionally, CCEP's Q1 2023 trading update is set to be announced on 25 April 2023.
Coca-Cola Europacific Partners plc (CCEP) has filed its 2022 Integrated Report and Form 20-F with the Securities and Exchange Commission on March 17, 2023. This report includes CCEP's audited financial results for the year ending December 31, 2022. Unaudited fourth-quarter results were released on February 16, 2023. The integrated report can be accessed on CCEP's website and the SEC site. Printed copies will be sent to shareholders who requested them around April 12, 2023.
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