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Coca-Cola European Partners H1 revenue up 3 percent

CCEP
Coca-Cola European Partners   First-half reported revenue totalled €5.4 billion

Coca-Cola European Partners (CCEP) announced its interim results for the six months ended June 30, 2017.


First-half diluted earnings per share were €0.91 on a reported basis or €0.98 on a comparable basis, including a negative currency translation impact of €0.03.

First-half reported revenue totalled €5.4 billion, up 3 percent on a comparable basis, or up 5.0 percent on a comparable and fx-neutral basis. Volume grew 3.0 percent on a comparable basis.

First-half reported operating profit was €635 million; comparable operating profit was €688 million, up 14.0 percent on a comparable basis, or up 17.0 percent on a comparable and fx-neutral basis.

Second-quarter diluted earnings per share were €0.61 on a reported basis or €0.67 on a comparable basis, including a negative currency translation impact of €0.02.

CCEP increases full-year guidance for 2017 including comparable and fx-neutral diluted earnings per share growth in a 10 percent to 12 percent range when compared to 2016 comparable results; at recent rates, currency translation would reduce diluted earnings per share by approximately 2 percent.

CCEP remains on track to achieve pre-tax savings of €315 million to €340 million through synergies by mid-2019.

CCEP declares quarterly dividend of €0.21 per share.

 

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