Bottler Coca-Cola Europacific Partners flags cost pressures, keeps outlook
Bottler Coca-Cola Europacific Partners flags cost pressures, keeps outlook Nov 3 (Reuters) - Bottling firm Coca-Cola Europacific Partners CCEPC.L on Tuesday flagged cost pressures from ongoing geopolitical tensions, but said its business remains resilient thanks to pricing, tight spending controls and productivity gains.
Shares of the company, a bottler for Coca-Cola's KO.N beverages across Western Europe, Australia, New Zealand and parts of Asia-Pacific, were down 2.5% in early trade
The company did not provide details on how its operating costs were affected or by how much, but left its full-year outlook unchanged
The Iran war has driven up energy, raw material and freight costs and pressured businesses globally
The company said it had hedged more than 95% of its commodity requirements for 2026
Its third-quarter revenue rose 6.5% to €5.76 billion ($6.45 billion), supported by a 3.5% increase in volumes, driven by demand for zero-sugar, energy and hydration drinks
"We are well prepared for 2027 with great opportunities to excite consumers, grow value for customers and create value for shareholders," CEO Damian Gammell said in a statement
($1 = 0.8937 euros)
(Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu Sahu)
((NithyashreeRB@thomsonreuters.com))
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