Earnings release
Page 1
YTD 2021 Q3 2021 Coca - Cola EUROPACIFIC PARTNERS Trading Update for the Third - Quarter ended 1 October 2021 & FY21 Dividend Declaration Raising FY21 guidance reflecting solid Q3 performance CHANGE VS 2020 FURTHER TOGETHER 9 November 2021 CHANGE VS 2020 REVENUE VOLUME ( UC ) ¹ REVENUE PER UC [ 1 ] COMPARABLE ( 2 ) VOLUME REVENUE PER UC ( 116 ) FXN121 REVENUE PRO FORMA REVENUE³ ) REVENUE PRO FORMA COMPARABLE VOLUME ( UC ) ( 3 ) PRO FORMA REVENUE PER UC¹³ PRO FORMA COMPARABLE VOLUME ( 3 ) PRO FORMA REVENUE PER UC³ ) PRO FORMA FXN REVENUE³ PRO FORMA REVENUE³ EUROPE € 3,249m 657m € 4.88 ( 1.0 ) % 2.0 % 1.0 % 2.0 % € 3,249m 657m € 4.88 ( 1.0 ) % 2.0 % 1.0 % 2.0 % API € 700m 139m € 4.91 € 700m 139m € 4.91 ( 2.0 ) % 1.5 % 0.0 % 2.5 % CCEP € 3,949m 796m € 4.88 19.5 % 2.0 % 22.0 % 24.0 % € 3,949m 796m € 4.88 ( 1.5 ) % 2.0 % 0.5 % 2.5 % EUROPE € 8,634m 1,778m € 4.81 3.0 % 2.5 % 6.5 % 7.5 % € 8,634m 1,778m € 4.81 3.0 % 2.5 % 6.5 % 7.5 % ΑΡΙ € 1,233m 245m € 4.90 € 2,289m 460m € 4.83 5.0 % 3.0 % 10.0 % 13.5 % CCEP € 9,867m 2,023m € 4.82 17.0 % 2.5 % 21.5 % 23.0 % € 10,923 2,238m € 4.82 3.5 % 2.5 % 7.5 % 9.0 % Damian Gammell , Chief Executive Officer , said : " Solid top - line growth and value share gains [ 4 ] in the third quarter demonstrate the strength of our business and the ongoing successful integration of Coca - Cola Amatil , which also delivered a resilient performance despite renewed restrictions . Together with The Coca - Cola Company and our other brand partners , our focus on core brands , in - market execution and revenue growth management initiatives solidified our position as the largest FMCG value creator [ 5 ] . We are also pleased to be making progress towards our ambition to reach net zero by 2040 , including on our packaging commitments . " We continue to protect our business for the short - term and are confident in our ability to mitigate near - term inflationary pressures and navigate global supply chain challenges as we head into next year . Key levers are pricing , mix , procurement initiatives and our transformational efficiency programmes . We're combining these levers with disciplined investments for long - term future growth , particularly in our portfolio , our people , digital and sustainability . " Given our solid performance so far this year , and the lifting now of restrictions in API , we're confident in delivering a strong end to the year and are raising our full - year guidance . This , combined with today's dividend declaration , which is greater than 2019 and 2020 , demonstrates our confidence in the future and our ability to deliver increased shareholder value . " Above all , our focus remains on the safety and wellbeing of our colleagues and supporting our customers and communities . We will go further together , sustainably , for a better , shared future . " Note : All footnotes included after the ' About CCEP ' section