Coca-Cola released its YTD results today

Coca-Cola released its YTD results today

Earlier today, The Coca-Cola Co reported a drop in year-to-date profits and sales. Here, just-drinks takes a look at how each region has performed for the soft drinks group:

Eurasia & Africa

YTD volumes were up by 4% while sales were flat, the company said. Operating profits in the nine-month period were up by 2%. In Q3, volumes were up by 5%, sales grew by 6% and operating profits increased by 15%.

Volumes for the quarter grew by high single digits in both the Middle East & North Africa and Central, East & West Africa business units. Sparkling beverage volumes increased 5% in the quarter, led by brand Coca-Cola. Still beverage volumes climbed by 6% in the quarter.

Europe

Coca-Cola said nine-month volumes in the region fell by 3%, while sales were up by 6%. Operating profits in period were up by 5%. In Q3, volumes were down 5%, while sales and operating profits grew by 1%.

The company blamed the volumes decline on poor weather, competitive pressures and a deteriorating macroeconomic environment. In Q3, sparkling beverages declined mid single digits while still beverage volumes declined low single digits. Volumes in the Germany and Iberia business units declined 1% and 2%, respectively, in the quarter.

Latin America

YTD volumes increased by 1% while sales were down by 7%. Operating profits in the nine-month period dropped by 12%. In Q3, volumes were up by 2%, while sales slipped by 4% and operating profits fell by 9%.

In the quarter, Coca-Cola's Latin Centre business unit delivered volume growth of 7%, while the Mexico and South Latin business units grew volumes by 2% and 1%, respectively. Volumes slipped 1% in Brazil in the quarter.

North America

In the region, YTD volumes stayed flat while sales were down by 1%. Operating profits in the nine-month period climbed by 7%. In Q3, volumes were down 1%, while sales slipped by 2% and operating profits decreased by 5%.

In the quarter, sparkling beverage volumes fell by 1% while sparkling price/mix increased by 3% due to the performance of our smaller size packages. The 'Share a Coke' campaign helped Coca-Cola gain value share in the sparkling beverage segment, it claimed. Still beverage volumes fell by 1%. 

Asia Pacific

YTD volumes increased by 5%, while sales were flat. Operating profits in the nine-month period climbed by 1%. In Q3, volumes were up 2%, while sales increased by 5% and operating profits grew by 11%.

In Q3, India delivered volumes and value share gains with double-digit volumes growth, while China and Japan also delivered volumes and value share gains despite volume declines of 1% and 4%, respectively, Coca-Cola said. China delivered brand Coca-Cola volumes growth of 4% and benefited from the launch of Schweppes C+ earlier in the year, while Japan grew water and tea volume through innovations including I Lohas Sparkling and a milder green tea formulation for Ayataka, the company said.