• First-half net profits climb by 10.3% to US$352m
  • Operating profits rise by 21% to $523m
  • Sales increase by 31% to $4.25bn
  • CCE reiterates full-year EPS guidance of $2.10 to $2.15
Coca-Cola Enterprises H1 net profits climbed by 10.3%

Coca-Cola Enterprises H1 net profits climbed by 10.3%

Coca-Cola Enterprises (CCE) has recorded an increase in first-half profits, boosted by volume growth from The Coca-Cola Co's Coca-Cola and Coke Zero brands.

The bottler said today (28 July) that, for the six months to the end of June, net profits came in 10.3% up on a year earlier, at US$352m. Operating profits rose by 21% to $523m, as sales in the period amounted to $4.25bn, a 31% increase on the prior-year period.

For the second quarter, net profits climbed by 23.6% to $246m, while operating profits increased by 35% tos $359m. Sales in the period reached $2.41bn, an increase of 22% from last year.

"A combination of solid execution with volume and pricing growth, coupled with strong response to our brands and products from our consumers and our customers, helped drive excellent second-quarter results," said Coca-Cola Enterprises' CEO, John Brock. "This performance demonstrates both the growth potential of the Western European markets we serve and the positive impact of our operating strategies and initiatives.”

CCE reiterated its full-year EPS guidance of $2.10 to $2.15. Sales are expected to grow in a mid single-digit range, with expected operating profits growth in a mid single-digit to high single-digit range.

Click here to view the earnings release.