Coca-Cola Enterprises (CCE) has reported a swing to full-year profits as volume growth in Europe offset a decline in North America.
The US bottler reported a net income of US$731m for the 12 months to 31 December. This compared to a loss of $4.39bn in the previous year, it said today (10 February).
Consolidated comparable operating income grew 9%, while North American comparable operating income grew 13%, and in Europe 7%.
Full-year sales were down 0.5%, however, as North American sales declined 0.5% and European sales declined 1.5%.
For the full-year, comparable North American volume declined 5%.
A balance of solid volume and pricing growth, however, enabled Europe to achieve a third consecutive year of profits growth. For the full-year, comparable volume grew 5.5%, with continental Europe growth of 5% and growth in the UK of 6%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“We continue to see the impact of weak macroeconomic conditions on our overall results,” said John Brock, chairman and CEO.
Subscribe to Just Drinks for just £1 for 1 month
Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.
As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.
What’s included in your subscription:
- Personalized Access: Secure login to Just Drinks
- Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
- Case Studies & Deep Dives: Real-world applications and in-depth analyses.
- Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.
Ready to stay informed?
