CCEP Q3 Trading Update

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Investors | Damian Gammell

We are pleased to have delivered another strong quarter following a great first half. We achieved solid top line growth and value share gains across our markets. Key to this was the continued recovery of the away from home channel, a return to travel and tourism for many consumers, great summer weather in Europe and a resilient home channel. Our focus on core brands, leading in-market execution, and further price and mix, delivered volume and revenue, across both channels, ahead of 2019. And we continued to make progress against our sustainability commitments, globally recognised as the recipient of the Coca-Cola system’s 2021 ESG award.

Given our strong year to date performance, we are raising top line, bottom line and free cash flow guidance for FY22 and declaring a record dividend. We are confident in the resilience of our robust categories and the strength of the relationships we have with our customers, who continue to share in our success, despite a more uncertain outlook. We are also effectively managing key levers of pricing and promotional spend across our broad pack offering, alongside our focus on efficiency.

Our success will continue to be determined by our great people, great service, great beverages, done sustainably. We are a bigger and better, more diverse and resilient business, enhanced by our bold and fantastic acquisition last year. Alongside our strong performance this year, we are today committing to even more ambitious objectives over the mid-term. In combination with over €5bn of shareholder returns since 2016, this demonstrates the strength of our business and ability to deliver continued shareholder value. We have the platform and momentum to go even further together for a greater future. We look forward to providing more details at today’s Capital Markets Event in London.

Damian Gammell

Chief Executive Officer, Coca-Cola Europacific Partners

To view our full Q3 2022 Trading Update, click here