Coca-Cola European Partners reports fifth consecutive quarter of revenue growth and announces plans to trade on the London Stock Exchange
CCEP – the world’s largest Coca-Cola bottler – announces 2018 results
Increased revenue, operating profit and earnings per share in 2018
Created more than €8.7 billion in value for customers in 2018
CCEP to trade on the London Stock Exchange, joining Europe’s largest stock exchange by market capitalisation
Coca-Cola European Partners (CCEP) has reported increased revenue, comparable operating profit and comparable earnings per share for 2018.
Revenue grew by 4.0% to €11.5 billion and comparable operating profit grew by 7.0% to €1.6 billion in 2018. Earnings per share were €2.30, an increase of 8.5%.
Coca-Cola Zero Sugar led growth in the portfolio, with volume increasing 11.0% in 2018. Fanta, Schweppes and our energy brands all performed well.
Energy volume grew by 13%, while Fanta was the number one flavours brand for absolute value growth for our customers. Fuze Tea is now the number two ready-to-drink tea brand across our markets, only 12 months on from launch.
Research from Nielsen shows CCEP created €8.7 billion in value for our customers in 2018, €577 million more than in 2017. This puts CCEP among the top value-creating consumer goods companies in Europe.
Damian Gammell, Chief Executive Officer, said: “After our first two years as Coca-Cola European Partners, we continue to build a company based on three pillars: great beverages, great service and great people. Our 2018 results demonstrate this momentum, reflecting our ongoing focus on driving profitable revenue growth through strong price and mix realisation and solid in market execution.
We continue to expand our total beverage portfolio while investing in core capabilities that will drive sustainable success, underpinned by our sustainability action plan ‘This is Forward’. We are already leading the way on carbon and water and making good progress on packaging, but we know we need to do more.”
Admission to trade on the London Stock Exchange
Today, CCEP also announced plans to seek admission to trade on the London Stock Exchange. The move, which will be confirmed in mid-March, will make it easier for European investors to trade in CCEP shares.