The Coca-Cola bottler enters 30% more in Spain and Portugal | Economy

Coca-Cola Europacific Partners, the largest bottler of the American soft drink brand, increased its revenues to 543 million euros in Iberia (Spain, Portugal and Andorra) in the first quarter of the year, 29.5% more than in the same period of 2021, as reported by the company on Wednesday. On a global scale, turnover grew by 62%, to 3,709 million euros.

Europe led the rise in revenue, with an increase of 22.5%, to 2,805 million. A region in which the United Kingdom stands out, with an increase of 32%, and Germany, with a rise of 20%. Meanwhile, the area of ​​Australia, Pacific and Indonesia obtained an increase of 13.5%, up to 904 million.

“We have had a fantastic start to the year, with strong revenue growth and value share growth,” Coca-Cola Europacific Partners CEO Damian Gammell said in a statement. Likewise, the executive stated that in the short term, although the company expects to see a greater recovery in volume, he is aware that inflationary pressures place it in a more uncertain scenario. “For this reason, we continue to manage our key levers of prices, promotional spending and efficiencies throughout our business,” according to the executive.

The company has set a target for operating profit growth forecast of between 6% and 9%. “These commitments, along with today’s interim dividend announcement, demonstrate the strength and resilience of our business, as well as our ability to deliver value to shareholders on an ongoing basis,” he said.

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