Coca-Cola released its Q1 results today

Coca-Cola released its Q1 results today

The Coca-Cola Co today reported a 4% drop in profits in the first three months of 201. Here, just-drinks takes a look at how each region performed for the soft drinks group:

  • Eurasia & Africa

The company saw the region's volumes rise by 4%, as both sparkling and still volumes increased by 4%. Reported net sales were down by 3% but organically sales increased by 7%. Sales were driven by concentrate sales growth and three points of positive price/mix, Coca-Cola said.

Volumes growth was "relatively balanced" across the group with 9% growth in Southern Africa and Central, East & West Africa business units, and a 4% rise in Middle East & North Africa. Volumes growth in these markets was partially offset by a high single-digit decline in Russia.

  • Europe

Volumes edged up by 1% as sparkling volumes remained flat and still grew by 4%. Reported sales were down 6% but organically they grew by 5%. Brand Coca-Cola grew 1% as Coca-Cola Life was rolled out in some markets. Still beverage volumes growth was driven by juice, including double-digit growth for the Innocent brand.

  • Latin America

The region's volumes were flat, with sparkling beverages generating no growth and still volumes increasing by 2%. Reported net sales fell by 4% but increased organically by 11%. Volumes growth reflected low single-digit growth in both Mexico and the South Latin business unit, Coca-Cola said. There was mid single-digit volumes growth in Latin Centre, partially offset by a mid single-digit volumes decrease in Brazil, the company added. Volumes growth in still beverages was driven by value-added dairy and packaged water.

  • North America

Volumes were flat in the region as sparkling beverages dropped by 1% and still increased by 2%. Reported sales increased by 6% and were up 10% organically. The company gained value share in sparkling and still beverages, juice and juice drinks, ready-to-drink tea and packaged water. Still beverage volumes growth was driven by strong double-digit growth in Gold Peak tea and Smartwater.

  • Asia Pacific

Regional volumes were up 3% as sparkling jumped by 6% and still volumes slipped by 1%. Reported net sales dropped by 2% but were up 6% on an organic basis. Volumes growth reflected double-digit growth in India and low single-digit growth in China, partially offset by a low single-digit decline in Japan, Coca-Cola said. In China, sparkling beverage volumes grew 5% with "balanced" growth across the sparkling brand portfolio, partially offset by a mid single-digit decline in still beverages, the company added.