Coca-Cola Europacific Partners has downgraded its revenue guidance for 2025 despite a “solid first half performance” that boosted reported operating profit by 19.4%.
Now advising that revenue growth may slip to a range of 3% to 4%, down from the 4% initially estimated, CCEP has maintained organic operating profit growth guidance of 7%.
Once adjusted to exclude acquisitions, divestments and currency fluctuations, CCEP’s H1 profit grew 7.2% in the six months to 27 June, reaching €1.4bn. Revenue was up 2.5% to €10.3bn in the half once adjusted.
The second quarter also marked a return to volume growth, with organic volume up 0.3% to 1.9 billion unit cases.
“We’re pleased to have delivered a solid first-half performance,” said CEO Damian Gammell.
“We’ve continued to grow share ahead of the market, create value for our customers, and deliver solid gains in revenue per unit case through revenue and margin growth management.”
Revenue per unit case grew 4.2% in Europe, despite a 0.3% fall in volumes in the first half – though CCEP said it was “slightly ahead” once the impact of its Capri-Sun delisting in early 2024 was taken into account.
The group returned to volume growth in the second quarter in the region – up 1.2% – which Gammell attributed to later Easter timing, good weather and strong performance in away-from-home products.
“Given our year-to-date performance, strong commercial plans for the balance of the year, continued focus on productivity and a good start to the second half, we are pleased to be reaffirming our full-year profit and cash guidance,” Gammell added.
“While the global macroeconomic environment is volatile, we remain resilient. Our leading market positions in growing categories across our 31 locally driven markets continue to support our performance.”
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