Coca-cola europacific partners plc announces results for the six months ended 30 june 2023

Strong first half, raising fy guidance uxbridge, uk / accesswire / august 2, 2023 / h1 2023 metric[1] as reported comparable [1] change vs h1 2022 as reported comparable [1] comparable fxn [1] total ccep volume (m uc)[2] 1,631 1,631 1.0% 1.0% revenue (€m) 8,977 8,977 8.5% 8.5% 10.5% cost of sales (€m) 5,707 5,701 8.0% 7.5% 10.0% operating expenses (€m) 2,153 2,111 6.5% 9.5% 11.5% operating profit (€m) 1,170 1,165 21.0% 11.0% 13.0% profit after taxes (€m) 854 847 26.5% 14.0% 16.5% diluted eps (€) 1.86 1.85 27.5% 14.5% 17.0% revenue per uc[2] (€) 5.62 10.0% cost of sales per uc[2] (€) 3.57 9.0% free cash flow (€m) 850 h1 interim dividend per share[3] (€) 0.67 europe volume (m uc)[2] 1,307 1,307 2.5% 2.5% revenue (€m) 7,105 7,105 10.0% 10.0% 12.0% operating profit (€m) 887 924 19.5% 12.0% 14.0% revenue per uc[2] (€) 5.52 9.0% api volume (m uc)[2] 324 324 (5.5)% (5.5)% revenue (€m) 1,872 1,872 2.5% 2.5% 7.0% operating profit (€m) 283 241 25.0% 6.5% 11.0% revenue per uc[2] (€) 6.03 13.0% damian gammell, chief executive officer, said: "today, we are excited to announce the proposed joint acquisition of coca-cola beverages philippines, inc. with aboitiz equity ventures inc., one of the leading conglomerates in the local market. this offers us a great opportunity to acquire an established, well-run business with attractive profitability and growth prospects.
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