Sales for Coca-Cola Europacific Partners have shown resilience, rising despite subdued demand and unpredictable summer weather.
In the quarter ending 27 September 2024, Coca-Cola Europacific Partners reported a 2.4% increase in adjusted comparable sales, reaching £4.50 billion. This growth extends throughout the year, with sales up by 2.7% to £12.97 billion. However, global volumes remained stagnant, and Europe experienced a 1.4% decrease in this quarter to 695 million units.
Globally, the year-to-date volumes marginally increased by 0.4%, contrasting with a 2.3% decline in Europe. Despite these dips in volume, the company has maintained its full-year profit and cash forecasts.
CEO Damian Gammell referred to the year’s performance as ‘solid’ but noted the challenges of softer volumes in Europe due to weather issues and weakened consumer demand. He highlighted successful marketing strategies like the UEFA Euros and the Olympics, which supported underlying volume growth.
The focus on revenue growth management, along with pricing and promotion strategies, has driven revenue per unit case. This strategic approach ensures competitive relevance and profitable growth across consumer segments.
Looking forward, Gammell expressed confidence in the company’s positioning for 2025 and its ability to meet medium-term growth targets. Their positive results follow a similar trend reported by Coca-Cola Hellenic Bottling Company, indicating favourable conditions across related sectors.
Despite challenging circumstances, Coca-Cola Europacific Partners has demonstrated adaptability and strategic resilience, positioning itself strongly for future growth.
