Coca-Cola Europacific 1st Half Profit Rose on Covid-19 Recovery; Raises 2022 Views
04 Agosto 2022 - 2:32AM
Noticias Dow Jones
By Joe Hoppe
Coca-Cola Europacific Partners PLC said Thursday that first-half
pretax profit and revenue significantly increased, and raised
guidance for the full-year based on its strong performance to
date.
The London-listed bottling company said that for the period
ended July 1 pretax profit was 898 million euros ($913 million),
compared with a profit of EUR455 million for the first half of
2021. The company attributed the strong growth to the continued
recovery of restaurants, pubs, cafes and bars from the coronavirus
pandemic, a return to travel and tourism, and a resilient
home-sales channel.
Revenue for the period rose to EUR8.28 billion from EUR5.92
billion the year before, it said.
"We remain confident in the resilience of our categories,
despite a more uncertain outlook, given macroeconomic and
geopolitical volatility and higher inflation," Chief Executive
Damian Gammell said.
The company raised its outlook for 2022, attributing the
increase to the strength of the business. It said it now expects
revenue growth of 11%-13%, from a previous 8%-10% forecast, and
operating profit growth to be in the range of 9%-11%, from
6%-9%.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
August 04, 2022 03:17 ET (07:17 GMT)
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