US: Coca-Cola Enterprises profits up on European sales growth
By just-drinks.com editorial team | 27 April 2010
 |
CCE toasts Europe in Q1 |
Coca-Cola Enterprises (CCE) saw net profits soar in the first quarter of this year, boosted by volume growth in Europe.
For the three months to the end of March, the company said today (27 April), it earned US$106m compared to $61m in the prior year.
Sales, however, declined by 1.5% to $4.97bn.
Operating profits, meanwhile, increased to $274m from $241m in 2009.
In North America, overall operating conditions remained soft. Sales in volume terms fell by 2.5% and by 5.5% in value, year-on-year.
In Europe, sales were up by 8% and 1.5% in value and volume, respectively.
For the full year of 2010, CCE said it expects operating profits to increase in the high single-digit range, driven by mid single-digit growth in both Europe and North America and a reduction in year-on-year corporate operating expenses.
Sales are expected to increase at the low single-digit rate, driven by mid single-digit growth in Europe and a flat to low single-digit decline in North America.
Click here for the full release.
Sectors: Company results, Soft drinks, Water
Companies: Coca-Cola Enterprises
View next/previous articles
27 Apr 2010 -
27 Apr 2010 -
Currently reading -
US: Coca-Cola Enterprises profits up on European sales growth
26 Apr 2010 -
26 Apr 2010 -
Related research
Plastic Containers NEW Industry forecasts for 2014 & 2019
This study analyzes the US plastic container industry. Product segments discussed include bottles and jars; tubs, cups and bowls; pails; food trays; cans; egg cartons; squeeze tubes (excluding laminate types); and others (such as plastic boxes). Amon...
Cordials and Squashes - UK - July 2010
The squash/cordials market was in slow but steady decline until the economic downturn radically changed consumer purchasing habits, with value overriding the desire for premium and healthy soft drink products.However, whether the market can sustain i...
Related articles
In the Spotlight - Coca-Cola Q3
The Coca-Cola Co's third-quarter earnings beat analyst expectations this week with earnings of US$2.95bn.
just On Call - Coca-Cola Co to build on North America momentum
The CEO of The Coca-Cola Co has said that his firm's deal with Coca-Cola Enterprises (CCE) will allow it to take its business in North America to "the next level".
There are currently no comments on this article
Be the first to comment on this article