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Coca - Cola Europacific Partners Trading Update for the First - Quarter ended 2 April 2021 Resilient performance despite tough backdrop ; pandemic impact starting to ease Coca - Cola EUROPACIFIC PARTNERS London , 11th May 2021 CHANGE VS Q1 2020 Q1 2021 REVENUE VOLUME ( UNIT CASES¹ ) REVENUE PER UNIT CASE 2,3,4 COMPARABLE VOLUME4 REVENUE PER UNIT FX - NEUTRAL REVENUE4 REVENUE CASE2,3,4 Europe € 2,293m 489m € 4.70 ( 10.0 ) % ( 1.5 ) % ( 7.5 ) % ( 7.5 ) % API ( Australia , Pacific & Indonesia ) 5 Total ( pro forma ) € 797m 160m € 4.89 ( 2.5 ) % € 3,090m 649m € 4.75 ( 8.5 ) % 4.0 % 0.0 % 6.0 % 8.0 % ( 4.5 ) % ( 4.0 ) % Damian Gammell , Chief Executive Officer , said : " Trading conditions remained similar to the last quarter of 2020 , with renewed restictions in many of our markets impacting the away from home channel . We have been able to keep on winning , gaining value share in store and online8 , through our ability to adapt , strong execution and continued focus on our core brands . " While the pandemic persists and the precise nature and timing of the recovery is unknown , there is optimism ahead . Indeed , the strong post pandemic recovery in two of our new markets , Australia & New Zealand , highlight the positive impact of increased mobility , which will in time come to our other markets . In Europe , although conditions remain challenging , we are encouraged by an improving trend across the quarter , especially in GB , with good at - home consumption . Early and decisive in - market actions taken by our colleagues , our disciplined investments in the longer term and our focus on driving efficiencies throughout our business , collectively ensure we will emerge stronger than before . " We are delighted that as of yesterday the acquisition of Coca - Cola Amatil has closed and we are now Coca - Cola Europacific Partners . Bringing together two of the world's best bottlers provides exciting growth opportunities and an even stronger strategic relationship with The Coca - Cola Company . We will go further , together , creating value for shareholders and a better , more sustainable future for all stakeholders . " Europe Q1 Revenue 24 ( -7.5 % ) NARTD value share gains across measured channels both in store ( + 1.2pts ) & online8 ( + 2.6pts ) Comparable volume4 -10.0 % driven by ongoing pandemic restrictions across our markets • volumes by channel : Away from home ( AFH ) -34.5 % reflecting widespread outlet closures ; Home + 4.0 % volumes across Q1 : Jan - Feb - 14.0 % ; March -4.5 % reflecting the PY introduction of restrictions ( timing varied across markets ) Reported volume -6.0 % reflecting the benefit of 3 additional selling days Revenue per unit case -1.5 % 24 driven by adverse pack & channel mix ( e.g. immediate consumption -28.5 % ) , partially offset by underlying favourable price & brand mix API Q1 Revenue 2,4,5 ( + 6.0 % ) Note 10th May 2021 implementation date of Coca - Cola Amatil acquisition . Pro forma revenue5 provided above & on page 4 by geography Revenues2,4,5 : Australia + 8.0 % ; Pacific ? + 11.0 % ; Indonesia 10-3.0 % Trading reflects strong post pandemic recovery in Australia & NZ & cycling the effects of the Australian bushfires continued restrictions in Indonesia , partially offset by soft comparables due to the flooding in the Greater Jakarta Region Reported volumes + 2.0 % reflecting the benefit of 3 additional selling days Other Dividend : to be announced at Q3 for the full - year to reflect the earnings of the enlarged business FY21 : Unable to provide FY21 outlook guidance given ongoing COVID - 19 uncertainty Sustainability Europe : • Germany will transition to 70 % rPET in FY21 • Netherlands became 100 % rPET market in Q1 • API : Joined RE100 renewable energy initiative & committed to powering its operations with 100 % renewable electricity by 2030 ( by 2025 in Australia & NZ ) [ 1 ] A unit case equals approximately 5.678 litres or 24 8 - ounce servings ; [ 2 ] Fx - neutral ; [ 3 ] API inc . alcohol & coffee ; Q1'21 non - alcoholic ready to drink revenue per unit case was € 4.55 ; [ 4 ] Refer to " Note Regarding the Presentation of Alternative Performance Measures " for further details ; [ 5 ] Acquisition of Coca - Cola Amatil ( CCL ) completed on 10.May.21 . API Q1 revenue and volume measures for period 01.Jan 21 to 02.Apr.21 provided by CCL management . Revenue includes preliminary adjustments to present on a basis consistent with CCEP accounting policies ; [ 6 ] Total pro forma as if the acquisition of API occurred on 01.Jan.21 for illustrative purposes only . It is not intended to estimate predict future financial performance or what actual results would have been . See footnote 5 ; [ 7 ] Nielsen Global Track non- alcoholic ready to drink data YTD to w / e IS 28.Mar.21 , GB 03.Apr.21 , ES PT DE NL FR BE SE & NO 04.Apr.21 ; [ 8 ] Non - alcoholic ready to drink online : Data to w / e GB 03.Apr.21 ( Retailer EPOS + Nielsen ) , ES FR & NL 04.Apr.21 ( Nielsen ) ; [ 9 ] Pacific - New Zealand & the Pacific Islands ; [ 10 ] Indonesia Indonesia & Papua New Guinea ; Note : Unless stated otherwise , changes are versus equivalent 2020 period 1