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  Communiqué de la société COCA-COLA EUROPACIFIC PARTNERS PLC du 04/08/2022

  04/08/2022 - 08:00

Results for the six months ended 1 July 2022


COCA-COLA EUROPACIFIC PARTNERS

Results for the six months ended 1 July 2022

Raising FY guidance, reflecting great first-half

  H1 2022 Metric[1] As Reported   Comparable [1] Change vs H1 2021   Change vs H1 2021
As Reported Comparable
[1]
Comparable FXN [1]   Pro forma Comparable [3] Pro forma Comparable FXN[3]
Total CCEP Volume (M UC)[2] 1,618   1,618 32.0 % 32.5 %     13.0 %  
Revenue (€M) 8,280   8,280 40.0 % 40.0 % 38.0 %   18.5 % 17.0 %
Cost of sales (€M) 5,288   5,300 37.5 % 40.0 % 38.0 %   20.0 % 18.5 %
Operating expenses (€M) 2,025   1,929 30.0 % 34.5 % 32.5 %   9.5% 8.0%
Operating profit (€M) 967   1,051 86.0 % 52.0 % 50.0 %   31.0 % 29.0 %
Profit after taxes (€M) 675   743 174.5% 48.5% 46.5%      
Diluted EPS (€) 1.46   1.61 175.5% 48.0% 45.5%      
Revenue per UC (€)     5.05     4.5%     4.5%
Cost of sales per UC (€)     3.23     4.5%     5.5%
                   
H1 Interim dividend per share[4] (€)   0.56        
                     
Europe Volume (M UC)[2] 1,276   1,276 14.0 % 14.5 %     14.5 %  
Revenue (€M) 6,451   6,451 20.0 % 20.0 % 19.0 %   20.0 % 19.0 %
Operating profit (€M) 741   825 46.5 % 30.5 % 30.0 %   30.5 % 30.0 %
Revenue per UC (€)     5.03     4.5%     4.5%
                     
API Volume (M UC)[2] 342   342 222.5% 222.5%     7.5%  
Revenue (€M) 1,829   1,829 243.0% 243.0% 229.0%   15.0% 10.5 %
Operating profit (€M) 226   226 1,406.5% 276.5% 260.0%   32.0% 26.5 %
Revenue per UC (€)     5.12     2.0%     3.5%

DAMIAN GAMMELL, CHIEF EXECUTIVE OFFICER, SAID:

“We are pleased to have delivered a great first-half. We achieved strong top and bottom-line growth, gained value share and generated solid free cash flow. Key to this was the continued recovery of restaurants, pubs, cafes and bars, a return to travel and tourism for many consumers and a resilient home channel. All underpinned by robust categories and the strength of our customer relationships.

“Our focus on core brands, leading in-market execution and headline price and mix delivered volume and revenue ahead of 2019. We shared in this success with our retail customers, having delivered more revenue growth for them than any of our peers. And we continued to make progress against our sustainability commitments – using more recycled plastic in our bottles and reducing carbon emissions from our supply chain.

“We remain confident in the resilience of our categories, despite a more uncertain outlook, given macroeconomic and geopolitical volatility and higher inflation. We continue to actively manage key levers of pricing and promotional spend across our broad pack offering, alongside our focus on efficiency. However, given our strong first-half, we are raising revenue, operating profit and free cash flow guidance for FY22. This demonstrates the strength of our business and ability to deliver continued shareholder value.”

___________________________

Note: All footnotes included after the ‘About CCEP' section

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http://www.rns-pdf.londonstockexchange.com/rns/8547U_1-2022-8-3.pdf

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  Original Source : COCA-COLA EUROPACIFIC PARTNERS PLC