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Coca-Cola Europacific Partners PLC - CCEP STOCK NEWS

Welcome to our dedicated page for Coca-Cola Europacific Partners PLC news (Ticker: CCEP), a resource for investors and traders seeking the latest updates and insights on Coca-Cola Europacific Partners PLC stock.

Coca-Cola Europacific Partners plc (CCEP) is a leading consumer goods company, recognized as the second-largest bottling partner in the Coca-Cola system by volume. Operating predominantly in developed Europe (80% of 2023 revenue and EBIT) and Australasia (20%), CCEP serves over 600 million consumers across 31 countries, helping more than 2.1 million customers grow their businesses.

CCEP manages the production and bottling of non-alcoholic beverages, including popular brands like Coca-Cola, Fanta, Sprite, and Monster Energy. In 2023, the company announced a strategic move to further diversify its operations by acquiring Coca-Cola Beverages Philippines, Inc. (CCBPI) together with Aboitiz Equity Ventures Inc. (AEV). This acquisition supports CCEP's long-term growth strategy by providing access to the Philippine market, which boasts a burgeoning middle class and strong economic growth prospects.

Financially, CCEP has shown robust performance. In 2023, it sold 3.3 billion unit cases of beverages, representing roughly 9% of the global Coca-Cola system volume. CCEP's proposed acquisition of CCBPI is valued at $1.8 billion and is expected to consolidate the company's footprint in the Asia Pacific region, enhancing both profitability and growth potential. The transaction is aligned with CCEP's strategic mid-term objectives, emphasizing sustainable and stronger growth through diversification and scale.

The company is listed on Euronext Amsterdam, the NASDAQ Global Select Market, the London Stock Exchange, and the Spanish Stock Exchanges, trading under the symbol CCEP. It combines the strength and scale of a multinational enterprise with in-depth local market knowledge and a commitment to sustainability. CCEP's sustainability initiatives include achieving carbon neutrality at several manufacturing sites and exceeding its target of using 50% recycled plastic in its packaging.

For more information about CCEP, visit their official website at www.cocacolaep.com and follow them on Twitter at @CocaColaEP.

Rhea-AI Summary

Coca-Cola Europacific Partners (CCEP) has announced the appointment of Ed Walker as Chief Financial Officer (CFO), effective July 1, 2024. Ed Walker, who has been with CCEP since its formation and has over 30 years of finance leadership experience, will replace outgoing CFO Nik Jhangiani. Ed's extensive background includes roles as Group Controller of CCEP and CFO of the Coca-Cola bottler in Canada. The transition period will be supported by Nik Jhangiani until August 2024 and CCEP's half-year results.

CEO Damian Gammell praised Ed Walker's broad finance experience within the Coca-Cola system and expressed confidence in his ability to drive the business forward. Ed Walker expressed excitement about his new role and his commitment to working collaboratively with the team to achieve shared goals.

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Coca-Cola Europacific Partners (CCEP) announces the resignation of their Chief Financial Officer, Nik Jhangiani, who is set to join Diageo plc later this year. The search for his successor is already in progress, with strong candidates identified. The current CFO will ensure a smooth transition before departing.

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Coca-Cola Europacific Partners plc reported a strong Q1 2024 with revenue and volume growth. The company reaffirmed its FY24 guidance and declared an interim dividend. Despite macroeconomic challenges, the company demonstrated resilience and strong performance in diverse markets.
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Coca-Cola Europacific Partners PLC announces the availability of the Notice of Meeting for its 2024 Annual General Meeting. Shareholders can view the Notice of AGM on the company's website.
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Coca-Cola Europacific Partners plc (CCEP) filed its 2023 Integrated Report and Form 20-F with the SEC, showcasing audited results for the year ended 31 December 2023. The document is in compliance with Nasdaq Listing Rules and can be accessed online. Printed copies will be sent to shareholders upon request.
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Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have completed the acquisition of Coca-Cola Beverages Philippines, Inc. from The Coca-Cola Company for $1.8 billion. The deal strengthens CCEP's presence in the Asia-Pacific region, enhances its partnership with KO, and supports its growth strategy. CCBPI contributed approximately $1.91 billion in revenue and $1151 million in operating profit in FY23. The acquisition is immediately EPS accretive and aligns with CCEP's goal of sustainable growth through diversification and scale.
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CCEP reports solid financial performance for FY 2023, showing revenue growth, increased operating profit, and strong free cash flow. The company maintains a positive outlook for FY24 and beyond, focusing on strategic acquisitions and market activations.
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Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have received regulatory approval from the Philippines Competition Commission (PCC) to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO). The transaction is expected to close towards the end of February 2024. Rothschild & Co, BofA Securities, Slaughter and May, and Villaraza & Angangco are acting as financial and legal advisers to CCEP for the acquisition.
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Coca-Cola Europacific Partners plc (NASDAQ:CCEP)(LSE:CCEP) has entered into a definitive agreement with Aboitiz Equity Ventures Inc. (AEV) to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO). The deal values 100% of CCBPI at US$1.8 billion and will have a 60:40 ownership structure between CCEP and AEV. The acquisition aims to strengthen CCEP's partnership with KO and position CCEP as the world's largest Coca-Cola bottler by both revenue and volume. The transaction is expected to close early next year.
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CCEP, a beverage company, reported a solid performance in Q3 2023 with a revenue of €3,956m, a decrease of 4.0% compared to 2022. The company reaffirmed its full-year guidance and declared a full-year dividend up almost 10% from last year. CCEP also delivered top-line growth despite mixed summer weather in Europe and ongoing transformation in Indonesia. The company remains confident in the resilience of its categories and is actively managing pricing and promotional spend.
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FAQ

What does Coca-Cola Europacific Partners (CCEP) do?

CCEP is a leading consumer goods company that produces and bottles non-alcoholic beverages, serving over 600 million consumers across 31 countries.

Where does CCEP primarily operate?

CCEP primarily operates in developed Europe and Australasia, which account for 80% and 20% of its 2023 revenue and EBIT, respectively.

What were CCEP's recent significant achievements?

In 2023, CCEP announced the acquisition of Coca-Cola Beverages Philippines, Inc., a strategic move to diversify its operations and enhance growth prospects in the Asia Pacific region.

How many unit cases did CCEP sell in 2023?

In 2023, CCEP sold 3.3 billion unit cases of beverages, representing approximately 9% of the global Coca-Cola system volume.

Who are the major shareholders of CCEP?

The Coca-Cola Company (TCCC) owns 19% of CCEP's equity, Olive Partners owns 36%, and the remaining 45% is free float.

What sustainability initiatives has CCEP undertaken?

CCEP has achieved carbon neutrality at several manufacturing sites, exceeded its target of 50% recycled plastic in packaging, and continues to focus on sustainable growth practices.

On which stock exchanges is CCEP listed?

CCEP is listed on Euronext Amsterdam, the NASDAQ Global Select Market, the London Stock Exchange, and the Spanish Stock Exchanges.

What is the strategic importance of the CCBPI acquisition for CCEP?

The acquisition of CCBPI provides CCEP with a significant foothold in the Philippine market, supporting its long-term growth strategy and enhancing both profitability and diversification.

How does CCEP support its local markets?

CCEP combines the strength and scale of a multinational business with expert local knowledge, supporting customers and communities in the regions it operates.

How can I get more information about CCEP?

For more details, visit CCEP's official website at www.cocacolaep.com and follow them on Twitter at @CocaColaEP.

Coca-Cola Europacific Partners PLC

Nasdaq:CCEP

CCEP Rankings

CCEP Stock Data

33.91B
458.85M
55.48%
36.24%
0.83%
Soft Drink Manufacturing
Manufacturing
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