Coca-Cola Europacific Partners has achieved volume-backed growth in the first half, as its zero-sugar energy and hydration drinks won new consumers.
The coke bottler increased its market share thanks to “exciting activations” for the Fifa World Cup and a raft of innovation in its fastest-growing categories, including new cherry flavours for Zero sugar and Diet Coke and new flavours for its Monster energy drinks.
Revenue jumped 6.1% on a comparable, currency neutral basis to €10.7bn (£9.2bn) in the half, which covered the six months to 3 July 2026.
Operating profit climbed 8.1% to €1.5bn, and CCEP reaffirmed its full-year guidance for both growth and profits.
“We delivered a strong first half, with balanced revenue growth, continued share gains and disciplined cost and cash management. Our performance reflects the strength of our broad beverage portfolio, the consumer demand for value and the relevance of our innovation across faster-growing categories,” said CEO Damian Gammell.
After adjustment for the six extra days in the half year, group volumes grew 2.2% on a comparable basis..
Strategic priorities for the company now include expanding its cooler coverage further – following a roughly 5% increase in H1 – winning more customers, and accelerating growth in the Philippines and Indonesia.
“We are actively managing pricing, promotions, discretionary spend and efficiencies, alongside record investment, with a focus on AI, technology and our supply chain, to drive future growth,” Gammell added.
In the UK, CCEP achieved mid single-digit volume growth, reflecting “great Fifa World Cup activation” and favourable weather conditions in Q2, the company said, though growth in the half was largely gained through price increases in the second quarter.
Bernstein analyst Nadine Sarwat said the update showed CCEP “at its best”.
“CCEP has been a safe haven in staples which, along with good June weather, has lead to a ~24% rally in the share price in the two months leading into the print. Given this, on the one hand today’s print might leave some waiting more,” she said.
“On the other hand, it demonstrates CCEP at its best: a consistent growth algorithm in an otherwise uncertain market.”
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