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 reported a strong third quarter for 2022, with revenues reaching €4,745 million, marking a 20% increase. The company upgraded its full-year guidance, indicating a revenue growth of 15-16%. A record interim dividend of €1.12 per share was declared, totaling €767 million in dividends for the year, increasing by 20% from 2021. Volume growth was driven by the recovery in the away-from-home channel, alongside robust home channel performance. The company remains focused on sustainability initiatives, having achieved 100% renewable electricity in New Zealand ahead of schedule.
Coca-Cola Europacific Partners plc reported strong H1 2022 results with a 40% revenue increase to €8,280M and a volume growth of 32%. Operating profit rose by 52% to €967M, but profit after taxes fell 9.2% to €675M. The company is raising its FY22 guidance due to robust cash flow and volume growth, benefiting from recovery in restaurants and tourism. Despite uncertainty from inflation and geopolitical factors, leadership expresses confidence in core brands and sustainability efforts. The interim dividend per share is set at €0.56.
Coca-Cola Europacific Partners reported a strong start to 2022, achieving Q1 revenue of €3,709m, a 62.0% increase year-over-year, primarily driven by the acquisition of Coca-Cola Amatil. The company confirmed its FY22 guidance with operating profit growth of 6-9% and plans for a €0.56 interim dividend. While volume recovery is expected, inflationary pressures remain a concern. Despite this, CCEP anticipates 8-10% revenue growth for FY22, reflecting an improving market landscape.
Coca-Cola Europacific Partners plc (CCEP) has released the Notice of Meeting for its 2022 Annual General Meeting (AGM), scheduled for May 27, 2022, at 12.00pm in Uxbridge, England. The company reaffirms its pro forma comparable operating profit guidance for the year ending December 31, 2022. The 2021 Integrated Report is available online, along with the AGM documents. CCEP's Q1 2022 trading update is expected on April 27, 2022. Shareholders can find the Notice of AGM on the National Storage Mechanism.
Coca-Cola Europacific Partners (CCEP) reported remarkable FY21 results, achieving a 30% revenue growth to €13.76 billion, benefiting from the acquisition of Coca-Cola Amatil. Operating profit surged by 86.5% to €1.52 billion, with a diluted EPS increase of 97% to €2.15. The company generated strong free cash flow of €1.46 billion, supporting its strategic aim of maintaining a dividend payout ratio of approximately 50%. Looking ahead, CCEP anticipates 6-8% revenue growth for FY22, driven by market recovery and effective pricing strategies.
Coca-Cola European Partners plc (CCEP) filed its 2020 Integrated Report and Form 20-F with the SEC on March 12, 2021. This report includes audited results for the year ending December 31, 2020, aligning with NYSE regulations. The unaudited financial results were previously disclosed on February 11, 2021. The Integrated Report is available on CCEP's website and will be mailed to shareholders upon request by April 15, 2021.
Coca-Cola European Partners plc (CCEP) has announced a best and final offer of A$13.50 per share for Coca-Cola Amatil Limited (CCL) to its independent shareholders. This new offer is a 5.9% increase over CCEP's previous A$12.75 offer and represents a premium of 36% to the 1-month and 46% to the 3-month volume-weighted average price. The board of CCL has unanimously recommended the offer, pending an independent expert's assessment. CCEP aims to solidify its position as the world's largest Coca-Cola bottler by revenue through this acquisition.
Coca-Cola European Partners (NYSE:CCEP) has announced a binding agreement to acquire Coca-Cola Amatil Limited (CCL) for $12.75 per share in cash. The acquisition aims to consolidate both companies as leading Coca-Cola bottlers, providing access to developed and emerging markets. The Board of CCL supports the deal, pending shareholder and regulatory approvals. This move is expected to enhance growth opportunities, create a broader geographic footprint, and strengthen CCEP's partnership with The Coca-Cola Company. The scheme is set to be voted on in early-mid March 2021.
Coca-Cola European Partners announced its Q3 Trading Update and declared an interim dividend, reflecting a positive outlook amidst challenging conditions. Q3 revenue reached €3,179m, showing a (4.0)% decline compared to 2019, while YTD revenue was €8,016m with a (10.0)% drop. The company reported a strong volume increase of 665m unit cases. A non-binding proposal to acquire Coca-Cola Amatil was also announced, aimed at expanding market reach to 600 million consumers and enhancing shareholder value.
Coca-Cola European Partners plc (CCEP) has made a non-binding proposal to acquire Coca-Cola Amatil Limited (CCL), aiming for a total ownership of 100%. CCEP proposes to acquire 69.2% of CCL from independent shareholders at A$12.75 per share, a 23% premium over the 1-week VWAP. The total equity value of CCL is approximately A$8.7 billion, equating to an enterprise value of A$10.8 billion. The proposal is subject to due diligence and regulatory approvals, with no guarantees of a binding agreement. This acquisition would significantly expand CCEP's market presence in the Asia Pacific region.
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