News

Coca-Cola Enterprises posts flat FY sales, net profits

Most popular

Pernod Ricard Performance Trends 2015-2019

Diageo Performance Trends 2015-2019 - data

Major spirits brands dodge the US tariff bullet

Where should wine focus its on-premise efforts?

Has soft drinks missed premiumisation train?

MORE
  • FY net profits flat at US$663m
  • Net sales in 12 months to end of December hold steady at $8.3bn
  • Operating profits (reported) up 11.5% to $1bn 
  • FY volumes flat, but Q4 volumes see slight rise 
  • For in-depth coverage of the results, click here

Coca-Cola Enterprises has reported flat full-year net profits and sales, with “macroeconomic headwinds” being blamed. 

Coca-Cola Enterprises reported flat full-year net profits and sales

Coca-Cola Enterprises reported flat full-year net profits and sales

The US-based group, which is Coca-Cola's anchor bottler in Western Europe, said net profits in the 12 months to the end of December came in at US$663m. Sales were also flat at $8.3bn, while operating profits on a reported basis climbed 11.5% to $1bn.  

Q4 net sales fell 5.5% on a reported basis, but volumes grew 2%, which CCE partly attributed to “introductory volume” for Coca-Cola Life. Group full-year volumes were flat.

“Throughout 2014, persistent macroeconomic and marketplace headwinds continued to affect our business and our top-line growth,” said chairman & CEO John Brock.

Looking ahead, Brock added: “As we go forward into 2015, we will continue to adapt to these operating conditions, with a solid emphasis on innovation in every aspect of our business. We will remain flexible in our approach and continue to manage each element of our business to deliver on our most important objective, creating value for our shareowners.

Check back later for further coverage.

To read the company's full statement, click here.


Related Content

The Coca-Cola Co H1 2017 net sales plunge on bottler overhaul - results

The Coca-Cola Co H1 2017 net sales plunge on bottler overhaul - results...

North America shines, but Coca-Cola Co sees 2016 stall - results

North America shines, but Coca-Cola Co sees 2016 stall - results...

How did Coca-Cola Amatil perform in the first half of 2018? - results data

How did Coca-Cola Amatil perform in the first half of 2018? - results data...

The Coca-Cola Co pleased with FY2017 despite Trump tax hit - results

The Coca-Cola Co pleased with FY2017 despite Trump tax hit - results...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?