Coca-Cola Europacific Partners jumps to an all-time high after quarterly results

Coca-Cola Europacific Partners

14/02/2025 17:27

** U.S.-listed shares of Coca-Cola Europacific Partners
 CCEP.O  up as much as 3.5% at a record high of $85.57
    ** The U.K.-based bottling company for Coca-Cola  KO.N 
reported a rise in fourth-quarter sales on strong beverage
demand in Australia, Pacific and Southeast Asia markets, and
higher prices
    ** CCEP reports its fourth-quarter adjusted comparable
revenue rise of 5% to 5.25 billion euros ($5.51 billion)
    ** Company sees annual adjusted comparable revenue growth of
about 4%, vs. a 3.5% rise last year, and annual adjusted
comparable operating profit to grow ~7%, compared to 8% growth
in 2024 
    ** Company also plans a share buyback shares worth 1 billion
euros ($1.05 billion) over the next 12 months
    ** CCEP rose 15% in 2024


($1 = 0.9528 euros)

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))