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How did The Coca-Cola Co perform in 2019? - results data

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  • Full-year sales increase 6% to US$37.27bn

  • Latin America leaps in 2019 by 13%, Asia Pacific and EMEA both up 5%

  • Top-line up 7% in three months to end of December to $9.07bn

  • Target for 2020 sales growth set at 5%

A strong end to the year has resulted in a 6% lift in sales for The Coca-Cola in 2019.

The Coca-Cola Co maintained its mid-single-digit sales rise for 2019

The Coca-Cola Co maintained its mid-single-digit sales rise for 2019

Following a top-line increase in the third quarter of 5%, the soft drinks giant today reported a lift in sales from the three months to the end of December of 7%. Coca-Cola's namesake CSD brand enjoyed a 6% rise in retail value worldwide in the full-year, with the company flagging the portfolio's "innovative offerings", such as Coca-Cola Plus Coffee.

Leading the way were Coca-Cola's Latin America operations, where price/mix rose an impressive 17% in Q4. The group noted that all of its business units in the region posted positive price/mix in the quarter. While Asia Pacific improved its price/mix by 5% in the three months, with the developed markets performing better than most emerging and developing markets in the region, North American sales were described as "solid". For the full year, sales in North America rose by 3%, with Coca-Cola Zero Sugar delivering double-digit growth.

While the Europe, Middle East & Africa region generated a sales lift of 5% in 2019, Coca-Cola experienced a reduction in inventory levels at its bottling partners during the year, in preparation for the UK's departure from the European Union.

Finally, the Global Ventures division had a healthy year as the benefits from the purchase of Costa in the second half of 2018 coincided with strong numbers from the Monster energy drinks portfolio and the Innocent smoothie brand.

The Coca-Cola Co 2019 - Sales by Region - Reported

Source: Company results

CEO James Quincey

"We made good progress in 2019 by delivering on our financial commitments and growing in a more sustainable way. We continue to transform the organisation to act with a growth mindset, which gives us confidence in our 2020 targets and our ability to create a better shared future for all of our stakeholders."

Looking to this year, Coca-Cola is forecasting a rise in group sales of 5%.

To read Coca-Cola's official results statement, click here.

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