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 major soft drink manufacturing and consumer goods company operating across 31 countries in Europe and the Australia, Pacific & Southeast Asia (APS) region. News about CCEP frequently centres on trading updates, interim and half-year results, and full-year preliminary figures, where the company reports on volume in unit cases, revenue, revenue per unit case and operating profit across its European and APS segments.
Investors following CCEP news can expect regular updates on quarterly performance, including Q1, Q3 and half-year trading statements, as well as guidance for the current financial year. These releases often discuss trends in the Home and Away from Home channels, category performance for Coca-Cola trademark beverages, flavours and mixers, water, sports, RTD tea and coffee, and other beverages including energy drinks, and the impact of factors such as weather, consumer sentiment and taxation in different markets.
Company announcements also cover capital allocation decisions, such as interim dividend declarations and the execution of a share buyback programme of up to €1 billion of ordinary shares. Additional news items include changes to CCEP’s UK listing category, confirmation of its inclusion in the FTSE 100 and FTSE All Share indices, and its ongoing membership of the NASDAQ 100. Governance-related updates, such as Board succession and director appointments, are reported through regulatory announcements and associated Form 6-K filings.
For readers tracking developments in the non-alcoholic ready to drink (NARTD) sector, CCEP’s news flow provides insight into how a large Coca-Cola bottling partner manages pricing, promotions, pack mix and category innovation across multiple geographies. Bookmark this page to access a consolidated feed of market announcements, earnings-related releases and other official communications about CCEP (CCEP).
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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