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Coca-Cola Europacific Partners plc Announces Preliminary Unaudited Results Q4 & FY 2022
Preliminary unaudited results for the full year ended 31 December 2022UXBRIDGE, UK / ACCESSWIRE / February 16, 2023 / Solid end to a very successful year,
About this update from Coca-cola Europacific Partners Plc
[{"type":"text","content":"Preliminary unaudited results for the full year ended 31 December 2022UXBRIDGE, UK / ACCESSWIRE / February 16, 2023 / Solid end to a very successful year, well placed for FY23 and beyond FY 2022 Metric[1]As Reported Comparable [1]Change vs 2021 Change vs 2021As ReportedComparable[1]Comparable Fx-Neutral [1] Pro forma Comparable [3]Pro forma Comparable Fx-Neutral[3]Total CCEPVolume (M UC)[2]3,300 3,30017.5 %18.0 % 9.5 % Revenue (€M)17,320 17,32026.0 %26.0 %24.5 % 17.0 %15.5 %Cost of sales (€M)11,096 11,08828.0 %29.0 %27.5 % 20.0 %19.0 %Operating expenses (€M)4,234 4,09418.5 %21.0 %19.5 % 10.5 %9.0 %Operating profit (€M)2,086 2,13837.5 %20.5 %19.5 % 13.5 %12.5 %Profit after taxes (€M)1,521 1,56454.0 %20.0 %19.0 % Diluted EPS (€)3.29 3.3953.0 %19.5 %18.5 % 14.0 %13.0 %Revenue per UC[2] (€) 5.20 6.0 % 6.0 %Cost of sales per UC[2] (€) 3.33 8.5 % 9.0 %Adjusted Free cash Flow (€M) 1,805 Dividend per share[4] (€) 1.68Maintained dividend payout ratio of c.50% EuropeVolume (M UC)[2]2,631 2,63110.5 %11.0 % 11.0 % Revenue (€M)13,529 13,52917.0 %17.0 %16.5 % 17.0 %16.5 %Operating profit (€M)1,529 1,67018.0 %11.5 %11.5 % 11.5 %11.5 %Revenue per UC[2] (€) 5.14 5.5 % 5.5 % APIVolume (M UC)[2]669 66957.5 %57.5 % 5.0 % Revenue (€M)3,791 3,79174.0 %74.0 %66.5 % 17.0 %12.0 %Operating profit (€M)557 468155.5%72.0 %64.5 % 21.0 %16.0 %Revenue per UC[2] (€) 5.42 6.0 % 7.5 %DAMIAN GAMMELL, CHIEF EXECUTIVE OFFICER, SAID:\"2022 was a very successful year, our first as Coca-Cola Europacific Partners. This is testament to the hard work of our colleagues to whom we are extremely grateful. Our focus on well invested and winning brands across our broad pack offering, great in-market execution and price and promotion strategy served us well. We benefited from the continued recovery of the away from home channel and the return of travel and tourism with further growth in the home channel. Combined with our ongoing focus on efficiency, this delivered strong top and bottom-line growth, value share gains and generated solid free cash flow. We continue to be a great partner for our customers, a great place to work for our colleagues whilst making further progress against our sustainability commitments - more of our sites went carbon neutral, we switched logistics to lower carbon alternatives and invested in recycling facilities.\"A record dividend in FY22 combined w...