Coca-Cola Enterprises has reiterated its 2005 profit outlook. The bottler said yesterday (2 June) that it is optimistic about its business in Europe to generate solid sales in the second six months of this year.

CCE's chief financial officer, William Douglas, told investors that the company remains on target to reach its goals of 3% to 4% income growth and earnings per share in the low- to mid-US$1.30s range.

Douglas added that the company was making good progress in cost-cutting as it faces higher commodity prices and struggles with a shift by consumers away from sugary soft drinks in North America. CCE hopes a range of new products such as Full Throttle energy drink and a version of Diet Coke sweetened with Splenda will kick start sales.