Coca-Cola European Partners PLC CCE
Q3 2010 Earnings Call Transcript

Transcript Call Date 10/28/2010

Operator: Good day, ladies and gentlemen, and welcome to Coca-Cola Enterprises’ Third Quarter 2010 Earnings Conference Call. At the request of Coca-Cola Enterprises, this conference is being recorded for instant replay purposes. At this time, I would like to turn the conference over to Mr. Thor Erickson, Vice President of Investor Relations. Please do ahead, sir.

Thor Erickson - IR: Thank you, and good morning, everybody. We appreciate you joining us this morning on the first quarterly conference call for the new Coca-Cola Enterprises. Today, we'll discuss our third quarter 2010 results and our outlook for the remainder of 2010.

Before we begin, I'd like to remind you all of our cautionary statements. This call will contain forward-looking management comments and other statements reflecting our outlook for future periods. These comments should be considered in conjunction with the cautionary language contained in this morning's earnings release, as well as the detailed cautionary statement found in our most recent Proxy Statement and subsequent SEC filings and 10-Ks. A copy of this information is available on our website at

This morning's prepared remarks will be made by John Brock, our CEO; Bill Douglas, our CFO. Hubert Patricot, President of our European Group is also with us on the call this morning.

Following prepared remarks, we will open the call for your questions. In order to give as many people as possible the opportunity to ask questions, please limit yourself to one question and we'll take follow-up questions as time permits.

Now, I'll turn the call over to John Brock.

John F. Brock - Chairman and CEO: Thank you, Thor, and we welcome each of you to the first quarterly conference call for our new Coca-Cola Enterprises. We've had an excellent start over the past three weeks. We've made progress in increasing value for each of our stakeholders, which includes of course, shareowners, customers, consumers, and employees.

We have a tremendous opportunity ahead of us at new CCE. Our European territories represent a vibrant marketplace for our beverage brands and products, and our team of employees and managers have the experience, skill and dedication needed to seize the many opportunities that lie ahead.

For more than four years, we have consistently grown and improved our business. We have confidence in our ability to continue moving this business forward as a new company. This confidence is enhanced by our solid results for the first three quarters of the year. As we worked to close our transaction with the Coca-Cola Company, we maintained focus on the need to deliver strong 2010 results in all territories, which of course is Europe as well as North America. The results we've announced today demonstrate that we are clearly on track to deliver a strong 2010.

Before I start our discussion of new CCE's results, I'd like to express our appreciation to the Coca-Cola Company for their collaboration in working to close the transaction over the past several months. This was really a coordinated effort and is an excellent example of the type of positive relationship we have. We look forward to continuing to work closely with the Coca-Cola Company to drive sustained growth in Europe.

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