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API EUROPE TOTAL CCEP Coca - Cola Europacific Partners Results for the six months ended 2 July 2021 Strong first - half performance , driven by strong Q2 reflecting the easing of pandemic restrictions and ongoing solid in - market execution CHANGE VS H1 2020 H1 2021 METRIC¹ ) AS REPORTED COMPARABLE ( ¹ ) AS REPORTED COMPARABLE ( ¹ ) COMPARABLE FXN ( ¹ ) PRO FORMA [ 3 ] COMPARABLE COMPARABLE [ 3 ] CHANGE VS H1 2020 PRO FORMA PRO FORMA COMPARABLE FXN [ 3 ] VOLUME ( MUC ) 12 1,227 1,227 18.0 % 15.5 % 1,442 6.0 % REVENUE ( ЄM ) 5,918 5,918 22.5 % 22.5 % 21.5 % 6,974 13.0 % 11.5 % COST OF SALES ( EM ) 3,840 3,791 21.0 % 19.5 % 19.0 % 4,409 11.0 % OPERATING EXPENSES ( EM ) 1,558 1,436 11.0 % 13.0 % 12.5 % 1,763 3.0 % OPERATING PROFIT ( ЄM ) 520 691 94.0 % 73.5 % 71.0 % 802 61.0 % 10.0 % 2.0 % 58.0 % PROFIT AFTER TAXES ( ЄM ) 246 500 95.0 % 93.0 % 90.5 % - DILUTED EPS ( € ) 0.53 1.09 89.5 % 91.0 % 87.5 % REVENUE PER UC ( € ) 4.78 3.0 % 4.78 COST OF SALES PER UC ( € ) 3.07 - 0.5 % 3.02 3.0 % 1.5 % FREE CASH FLOW ( EM ) 648 VOLUME ( MUC ) ² 1,121 1,121 8.0 % 5.5 % 1,121 5.5 % REVENUE ( EM ) 5.385 5,385 11.5 % 11.5 % 10.5 % 5.385 11.5 % 10.5 % OPERATING PROFIT ( ЄM ) 505 631 88.5 % 58.5 % 57.0 % 631 58.5 % 57.0 % REVENUE PER UC ( € ) - 4.77 2.5 % 4.77 2.5 % VOLUME ( MUC ) ² ] REVENUE ( EM ) 106 106 533 533 OPERATING PROFIT ( ЄM ) REVENUE PER UC ( € ) 15 60 4.89 Damian Gammell , Chief Executive Officer , said : " We are pleased to report a strong H1 performance , as we confidently navigate the varied impact of the pandemic across our markets , with our focus remaining on supporting our people , customers and communities . Top - line growth , operating margin improvement and stronger free cash flow generation demonstrate the strength of our business and the successful integration of Coca - Cola Amatil . We continue to be excited by this opportunity , being unlocked through the great collaboration and sharing across all our European markets and API . I would also like to highlight the extraordinary efforts and high engagement of all our colleagues , to whom I am extremely grateful . " Together with The Coca - Cola Company and our other franchise partners , our collective focus on our core brands alongside solid in - market execution has served us well , growing share both instore and online . We are resolved in our determination to move further and faster towards a stronger and even more sustainable future . We continue to protect our business for the short - term whilst engaging in ongoing transformational programmes . We are taking meaningful actions to adjust our cost base to be fit and competitive for the longer - term , and we continue to invest for future growth , particularly in digital , sustainability , our portfolio and our people . Our digital business is on track for record revenues this year . We are progressing towards our 2040 net zero carbon ambition , recently announcing plans to accelerate our use of recycled plastic ( rPET ) , saving an additional 43,000 tonnes of virgin plastic each year . I am also extremely proud that two of our manufacturing sites have recently been certified carbon neutral . And we are driving future revenue streams like Costa and Topo Chico , with exciting portfolio plans for the balance of the year . " Whilst we are reassured by the pace of recovery and are cautiously optimistic , our strong H1 performance and full - year guidance for 2021 demonstrate our confidence in the future of our business . We will go further together , creating greater , more sustainable value for all stakeholders . " Note : All footnotes included after the ' About CCEP ' section 321 8.0 % 1,589 19.0 % 15.5 % 171 71.0 % 63.0 % 4.80 4.0 % FURTHER TOGETHER