In a third-quarter monetary assertion immediately, CCEP posted revenues up 2.4% to €5.4bn, with volumes down 1.4% throughout Europe and revenues flat within the territory.
“2024 continues to be a stable yr for CCEP,” said CCEP CEO Damian Gammell. “We’ve grown quantity and income year-on-year, and share forward of the market. Our geographic diversification means we’re extra strong with APS, led by the Philippines, offsetting softer volumes in Europe.”
The enterprise delivered extra income progress throughout its key markets year-to-date for its retail clients than its opponents did, it claimed.
Europe’s gross sales dip was partly as a result of delisting of the Capri Solar model within the territory, the report stated.
Gross sales in Germany, Nice Britain and Iberia had been up year-to-date and for the quarter:
The Coca-Cola model delivered flat gross sales for the quarter of +0.4%, with a 1.3% rise for the yr.
Flavours and mixers gross sales had been flatter nonetheless at 0%, although water, sports activities drinks, RTD, tea & espresso, had been up 3.1% for the quarter, and 1.6% on the yr.
The Philippines drove CCEP’s water gross sales, driving up gross sales that will have struggled because of poor summer season climate.
Sports activities drinks, via Powerade, had been up 0.7%, as shoppers proceed to maneuver in the direction of the class, with NPD driving extra uptake. Power drink gross sales had been additionally up 4.5%, pushed by Monster, and on high of a robust Q3 within the earlier yr.
“We’re effectively positioned for 2025 and past,” stated Gammell. “We proceed to speculate for the long-term and are assured that we’ve the fitting technique, accomplished sustainably, to ship on our mid-term progress targets.”
Some Q3 gross sales down
What drove CCEP’s Q3 gross sales?
