• 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 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.