Coca-Cola Europacific Partners has reaffirmed its full-year guidance in the face of a “volatile” global macroeconomic environment, despite volume declines in Europe brought about by losing Capri-Sun from its portfolio.
The bottling company reported revenue of €4.7bn during the first three months of 2025, up 5.0% from 2024, according to its Q1 trading update, published today.
In its home market of Europe, reported revenue was down by 1.1%. Adjusted comparable volumes were down 2.1%, reflecting the “strategic delisting of Capri-Sun”, which began one year ago, according to CCEP.
Meanwhile, reported revenue rocketed by 22.2% in Australia, the Pacific and South East Asia. Adjusted comparable volumes were up 2.1% from 2024.
Continued momentum in the Pacific Islands offset declines in Australia, reflecting the March cyclone, the business said. Meanwhile, growth in South East Asia was driven by demand in the Philippines, partly offset by Indonesia reflecting a weaker consumer backdrop.
CCEP’s guidance for the full year remained in line with its mid-term ambitions, with like-for-like sales expected to increase by approximately 4% over the course of the year.
“Performance during the first quarter has been broadly as expected, with volumes reflecting calendar-related phasing, including the timing of Easter, resulting in a stronger April,” said CCEP CEO Damian Gammell.
“We’ve continued to grow share ahead of the market, create value for our customers and deliver solid gains in revenue per unit case through revenue and margin growth management.
“We’re excited about the rest of the year, and I’m pleased to be reaffirming our full-year guidance, with an exciting pipeline of portfolio innovation and planned activation still to come.
“While the global macroeconomic environment is volatile, we remain resilient, with leading market positions and locally driven operations across our 31 markets.
“Today’s interim dividend declaration and the ongoing delivery of share buybacks demonstrate the strength of our business and our ability to deliver continued shareholder value, with strong cash generation also supporting investment in future growth.”
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