Coca-Cola Europacific Partners PLC Announces Results for the Six Months Ended 1 July 2022

About this update from Coca-cola Europacific Partners Plc

UXBRIDGE, ENGLAND / ACCESSWIRE / August 4, 2022 / Coca-Cola Europacific Partners plc H1 2022 Metric[1] As Reported Comparable [1] Change vs H1 2021 Change vs H1 2021 As Reported Comparable [1] Comparable FXN [1] Pro forma Comparable [3] Pro forma Comparable FXN[3] Total CCEP Volume (M UC)[2] 1,618 1,618 32.0 % 32.5 % 13.0 % Revenue (€M) 8,280 8,280 40.0 % 40.0 % 38.0 % 18.5 % 17.0 % Cost of sales (€M) 5,288 5,300 37.5 % 40.0 % 38.0 % 20.0 % 18.5 % Operating expenses (€M) 2,025 1,929 30.0 % 34.5 % 32.5 % 9.5% 8.0% Operating profit (€M) 967 1,051 86.0 % 52.0 % 50.0 % 31.0 % 29.0 % Profit after taxes (€M) 675 743 174.5% 48.5% 46.5% Diluted EPS (€) 1.46 1.61 175.5% 48.0% 45.5% Revenue per UC (€) 5.05 4.5% 4.5% Cost of sales per UC (€) 3.23 4.5% 5.5% H1 Interim dividend per share[4] (€) 0.56 Europe Volume (M UC)[2] 1,276 1,276 14.0 % 14.5 % 14.5 % Revenue (€M) 6,451 6,451 20.0 % 20.0 % 19.0 % 20.0 % 19.0 % Operating profit (€M) 741 825 46.5 % 30.5 % 30.0 % 30.5 % 30.0 % Revenue per UC (€) 5.03 4.5% 4.5% API Volume (M UC)[2] 342 342 222.5% 222.5% 7.5% Revenue (€M) 1,829 1,829 243.0% 243.0% 229.0% 15.0% 10.5 % Operating profit (€M) 226 226 1,406.5% 276.5% 260.0% 32.0% 26.5 % Revenue per UC (€) 5.12 2.0% 3.5% DAMIAN GAMMELL , CHIEF EXECUTIVE OFFICER, SAID: "We are pleased to have delivered a great first-half. We achieved strong top and bottom-line growth, gained value share and generated solid free cash flow. Key to this was the continued recovery of restaurants, pubs, cafes and bars, a return to travel and tourism for many consumers and a resilient home channel. All underpinned by robust categories and the strength of our customer relationships. "Our focus on core brands, leading in-market execution and headline price and mix delivered volume and revenue ahead of 2019. We shared in this success with our retail customers, having delivered more revenue growth for them than any of our peers. And we continued to make progress against our sustainability commitments - using more recycled plastic in our bottles and reducing carbon emissions from our supply chain. "We remain confident in the resilience of our categories, despite a more uncertain outlook, given macroeconomic and geopolitical volatility and higher inflation. We continue to actively manage key levers of pricing and promotional spend across our broad pack offering, alongside our focus on efficiency. However, given our strong first-half, we are raising revenue, operating profit and free cash flow guidance for FY22. This demonstrates the strength of our business and ability to deliver continued shareholder value." Note: All footnotes included after the ‘About CCEP' section Click on, or paste the following link into your web browser, to view the full announcement text: http://www.rns-pdf.londonstockexchange.com/rns/8546U_1-2022-8-3.pdf This information is provided by RNS, the news service of the London Stock Exchange . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom . Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com . SOURCE: Coca-Cola Europacific Partners plc View source version on accesswire.com : https://www.accesswire.com/710806/Coca-Cola-Europacific-Partners-PLC-Announces-Results-for-the-Six-Months-Ended-1-July-2022

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