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Coca-Cola Europacific Partners Revenue Rises; Backs Full-Year Guidance

By Najat Kantouar


Coca-Cola Europacific Partners reported a higher revenue for the first quarter boosted by strong growth, and backed its full-year guidance.

The London-listed bottling company said Thursday that revenue for the first quarter ended March 29 rose to 4.465 billion euros ($4.78 billion) from EUR4.15 billion, as sales rose 5% in Europe and 16.5% in Asia-Pacific.

The Asia-Pacific region includes Australia, New Zealand & the Pacific Islands, Indonesia and Papua New Guinea.

"Although our first quarter has set us up well for the rest of the year, it is typically our smallest. We are building on this momentum supported by fantastic activation plans, including the Paris Olympics and the UEFA Euros, to engage customers and consumers," Chief Executive Officer Damian Gammell said.

The board declared a first-half interim dividend of EUR0.74 a share, payable in May.

Looking ahead, the company maintained its full-year guidance of revenue growth around 4% and operating profit growth around 7%, in line with mid-term objectives, and free-cash flow of at least EUR1.7 billion.


Write to Najat Kantouar at


(END) Dow Jones Newswires

April 25, 2024 04:08 ET (08:08 GMT)

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