Welcome to our dedicated page for Coca-Cola Europacific Partners news (Ticker: CCEP), a resource for investors and traders seeking the latest updates and insights on Coca-Cola Europacific Partners stock.
Coca-Cola Europacific Partners plc reports recurring developments as a multinational consumer goods company that makes, moves and sells beverages across Europe, Australia, the Pacific, Southeast Asia and related markets. Company updates focus on volume, revenue per unit case, pricing, promotional activity, pack and brand mix, customer execution and performance across its Europe and APS segments.
CCEP news also includes annual and interim results, trading updates, dividends, share buyback activity, capital markets communications, AGM materials and governance announcements. Recurring business themes include relationships with brand partners and customers, productivity programs, investment in technology and route-to-market capabilities, and the company’s beverage portfolio across growing non-alcohol ready-to-drink categories.
Coca-Cola Europacific Partners (NASDAQ:CCEP) has announced the filing of its 2024 Annual Report and Form 20-F with the Securities and Exchange Commission on March 21, 2025. The filing contains the company's audited results for the year ended December 31, 2024, following the release of unaudited fourth-quarter and full-year results on February 14, 2025.
The report is accessible through multiple channels including CCEP's investor relations website and the SEC website. Physical copies will be distributed to requesting shareholders around April 10, 2025.
Coca-Cola Europacific Partners (CCEP) has confirmed its upcoming inclusion in the FTSE 100 and FTSE All Share Indices, effective from the close of business on March 21, 2025. This follows FTSE Russell's assignment of UK nationality to CCEP on February 5, 2025, and the FCA's approval of CCEP's transfer to the Equity Shares category of the Official List.
CCEP, a leading non-alcoholic ready-to-drink company operating across 31 countries in Western Europe, Australia, Pacific, and Southeast Asia, achieved this milestone after demonstrating strong performance in 2024. The company's Chair, Sol Daurella, highlighted this achievement as significant, noting the company's historic connection to the British market, where Coca-Cola was first sold 125 years ago.
Coca-Cola Europacific Partners (CCEP) has reported strong financial results for FY 2024, demonstrating robust top and bottom-line growth. The company achieved a volume of 3,864M unit cases, representing a 17.8% increase year-over-year. Revenue reached €20,438M, up 11.7% from FY 2023, while operating profit was €2,132M.
Key highlights include impressive free cash flow generation and early achievement of leverage targets. The company announced a significant €1 billion share buyback program to be implemented over the next 12 months, subject to shareholder approval at the 2025 Annual General Meeting. The dividend per share was set at €1.97.
CCEP's performance was driven by geographic diversification, including the Philippines integration, market share gains, and effective revenue management through strategic pricing and promotions. The company maintains a positive outlook for 2025, supported by strong investment and commercial plans.
Coca-Cola Europacific Partners (CCEP) announces the Financial Conduct Authority's approval to transfer its ordinary shares listing from Equity Shares (Transition) to Equity Shares (Commercial Companies) category, effective November 15, 2024. This transfer is a step toward potential FTSE UK Index Series inclusion, subject to meeting liquidity requirements. The company needs to demonstrate a minimum daily trading volume of 0.025% of its traded free float (approximately 51,000 shares or £3.1m) on UK equity trading venues. If liquidity requirements are met between November 2024 and February 2025, CCEP could be eligible for FTSE indexation by March 2025.
Coca-Cola Europacific Partners (CCEP) reported solid Q3 2024 performance with adjusted comparable revenue growth of 2.4%. The company delivered a Q3 revenue of €5,358m, with flat volume growth (0.0%) and revenue per unit case up 2.5%. Despite mixed summer weather and softer consumer demand in Europe, APS (Asia Pacific) showed strong performance led by the Philippines. CCEP declared a second-half interim dividend of €1.23 per share, resulting in a full-year dividend of €1.97, up 7.1% vs 2023. The company reaffirmed its FY24 guidance, expecting comparable revenue growth of ~3.5% and operating profit growth of ~7%.
Coca-Cola Europacific Partners plc (CCEP) has announced its intention to transfer its UK listing category from Equity Shares (Transition) to Equity Shares (Commercial Companies). This transfer is expected to become effective on 15 November 2024. The move aims to increase CCEP's profile in the UK & Europe, improve share liquidity on UK trading venues, and attract a wider investor base.
CCEP, formed in 2016, is a leading consumer goods company operating in 31 countries across Western Europe, Australia, Pacific, and Southeast Asia. In FY23, the company generated €18.3 billion in revenue and €2.4 billion in comparable operating profit. The transfer will subject CCEP to additional UK Listing Rules, including compliance with the UK Corporate Governance Code.
Following the transfer and meeting certain conditions, CCEP may become eligible for admission to the FTSE UK Index Series. The company will retain its listings on NASDAQ, Euronext Amsterdam, and Spanish Stock Exchanges.
Coca-Cola Europacific Partners plc (CCEP) has announced solid first-half results for 2024, reaffirming its full-year guidance. Key highlights include:
- Revenue increased by 9.5% to €9,828 million
- Comparable operating profit grew by 11.2% to €1,296 million
- Comparable diluted EPS rose by 6.7% to €1.97
- Comparable free cash flow reached €539 million
- Interim dividend per share set at €0.74
CEO Damian Gammell noted the company's strong performance in Asia Pacific, particularly in the Philippines, which offset softer volumes in Europe due to adverse weather. CCEP continues to focus on revenue growth management, pricing strategies, and productivity to drive profitable growth and remain competitive in resilient categories.
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.
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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