Coca-Cola Europacific Partners 1Q Sales Rose
By Christian Moess Laursen
Coca-Cola Europacific Partners PLC said Tuesday that its revenue rose 12% in the first quarter of 2023 on strong demand in Europe.
The London-listed bottling company said that revenue rose to 4.15 billion euros ($4.59 billion) in the quarter, as sales in Europe rose 12% to EUR3.15 billion on good in-market execution and strong underlying demand.
Looking ahead, the company guides for revenue growth between 6% and 8%, an around 8% growth of cost of sales per unit case, 6% to 7% growth to operating profit and free-cash flow of at least EUR1.6 billion.
"We remain focused on driving profitable revenue growth and solid free-cash flow, and I am pleased to confidently reaffirm our full-year guidance for 2023, despite a dynamic outlook," Chief Executive Damian Gammell said.
The company said it has declared first-half interim dividend a share of EUR0.67.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
April 25, 2023 02:54 ET (06:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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