Coca-Cola European Partners H1 revenue up 3 percentStaff Writer | August 11, 2017
Coca-Cola European Partners (CCEP) announced its interim results for the six months ended June 30, 2017.
Coca-Cola European Partners First-half reported revenue totalled €5.4 billion
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. ■