US: Pacific markets offset Europe in Coca-Cola Co Q1
- Q1 net profits increase by 8% to US$2.05bn
- Net sales follow suit, up by 6% to $11.1bn
- Operating profits rise by 10%, totalling $2.51bn
- Worldwide volumes lift by 5%, with India the star performer
The Coca-Cola Co has released its Q1 results
The Coca-Cola Co has posted a healthy set of Q1 numbers as strong results in the Pacific market offset disappointing European volumes.
The Atlanta-based soft drinks giant said earlier today (17 April) that net profits in the first three months of 2012 increased by 8% to US$2.05bn. Net sales were also up, rising by 6% to $11.1bn. Operating profit rose 10% in the same period, reaching $2.51bn while worldwide volumes increased 5% with India posting a strong 20% leap.
“Our first quarter results underscore The Coca-Cola Co's resilience and a long-term focus on quality growth in every region of the world,” said CEO Muhtar Kent. “Despite a continued mixed global environment, our ... teams achieved broad-based volume and value share gains in non-alcoholic ready-to-drink beverages globally, with volume growth across every geographic operating group and revenue growth ahead of our long-term growth target.”
Still beverage volume growth of 11% helped drive an overall volume rise of 8% in Coca-Cola's Pacific market, with Thailand leading the way delivering a 24% volume increase. Europe, however, posted volume growth of only 1%, a repeat of the prior quarter's increase. Net sales in the region were down, meanwhile, by 2% year-on-year.
While overall sparkling volumes were up by 4%, with the Coca-Cola brand rising by the same amount, worldwide still beverage volumes grew 9% in the quarter, with growth across most beverage categories, including packaged water, ready-to-drink tea and coffee, energy drinks and sports drinks, the company said.
To view Coca-Cola Co's official release, click here.
In 2011, global soft drinks sales reached 609bn litres, up by 4% over the previous year and continuing a steady upwards trend. At the same time, global consumption continues to evolve, both in terms o...
- Whatever happened to binge Britain? - comment
- The dangers of squaring up to your competitor
- The US beer market - A level playing field for all
- How to turn a domestic spirit into a global brand
- Remy Cointreau's Q2 and H1 - preview
- Sidney Frank CEO to head Clooney's import co
- Diageo sells off United Spirits' Bouvet Ladubay
- Captain Morgan distillation trial queried by USVI
- Irish whiskey brands could fail without bulk
- Sazerac sues Brown-Forman over Tennessee Fire
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market to 2019 - Market Size, Development, and Forecasts