US: Coca-Cola Enterprises back in the black

Coca-Cola Enterprises, the world's largest soft drinks bottler which operates in North America and six countries in Europe, posted net income of $10m for the first quarter of 2002 against a loss of $401m in the corresponding period last year. The 2001 figure included an accounting adjustment of $302m; excluding that the loss would have been $99m.

April 19, 2002

The company, which is 40% owned by the Coca-Cola Co., also revised its forecast for the full year. CCE said it expected 2002 earnings before interest, taxes, depreciation and amortization of $2.33 billion to $2.38 billion, an 11% to 14% increase from 2001.

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