Company reported a 4.5% increase in comparable revenue to €10.27 billion for the six months
LONDON: Coca-Cola Europacific Partners (CCEP) announced solid results for the first half of 2025, reaffirming its full-year profit and cash guidance despite a volatile global economic environment.
The company, which bottles and distributes Coca-Cola products across Europe and the Asia-Pacific region, reported a 4.5% increase in comparable revenue to €10.27 billion for the six months ending June 27. Adjusted comparable operating profit grew 7.2% to €1.39 billion, while diluted earnings per share (EPS) saw a 3.1% rise to €2.02.
CEO Damian Gammell attributed the performance to “great brands, great people, great execution and strong relationships with our brand partners and customers.” He noted the company has continued to gain market share and deliver “solid gains in revenue per unit case.”
In Europe, the company saw a return to volume growth in the second quarter, boosted by a later Easter holiday and better weather. However, total first-half volumes were impacted by a “weaker consumer backdrop” in Indonesia.
“Given our year-to-date performance, strong commercial plans for the balance of the year, continued focus on productivity and a good start to the second half, we are pleased to be reaffirming our full-year profit and cash guidance,” Gammell said in a statement.
CCEP now projects revenue growth of 3% to 4% for the full year, a slight revision from its previous forecast of “approximately 4%.” The company’s guidance also includes a projected operating profit growth of approximately 7% and comparable free cash flow of at least €1.7 billion.
The company’s performance was also supported by its ongoing share buyback program, which has seen approximately €460 million completed out of a planned €1 billion. CCEP also announced an interim dividend per share of €0.79.