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Coca-Cola Europacific Partners PLC on Wednesday cut its annual revenue guidance despite a ‘solid’ first half for the soft drink bottler. The company, which operates in over 30 markets including Australia, Germany, Great Britain and Spain, now expects revenue growth between 3% and 4%, a downgrade from its prior expectation of 4% growth for 2025. It still expects operating profit growth of 7%. Shares in the company slumped 12% to 6,510.00 pence each in London on Wednesday morning, the worst FTSE 100 performer. Coca-Cola EP said pretax profit in the six months to June 27 rose 21% to €1.26 billion from €1.05 billion. Operating profit climbed 19% to €1.36 billion from €1.14 billion. Revenue improved 4.5% to €10.27 billion from €9.83 billion. ‘We’re pleased to have delivered a solid first half performance. This reflects our great brands, great people, great execution and strong relationships with our brand partners and customers. 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,’ Chief Executive Officer Damian Gammell commented. ‘In Europe, Easter timing, better weather and performance in Away from Home supported a return to volume growth in Q2. Total first half volumes were impacted by a weaker consumer backdrop in Indonesia, however we remain excited about the long-term opportunity and continue to focus on our transformation journey. Our other APS markets performed well. 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.’ Coca-Cola EP lifted its interim dividend by 6.8% to €0.79 per share from €0.74. A €1 billion share buyback programme is €460 million completed, it added. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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