8th Aug 2025 09:29
Coca-Cola Europacific Partners PLC - soft drinks bottler in over 30 markets including Australia, Germany, Great Britain and Spain - Completes second tranche of EUR1 billion share buyback on Thursday and launches third tranche on Friday. Both are run by Goldman Sachs Group Inc entities. The first tranche was worth EUR275.0 million and the second tranche EUR205.0 million. The third tranche is worth EUR255.0 million and will be completed by November 6. Up to EUR80.0 million of this will be conducted in London and the rest in the US.
Coca-Cola Europacific Partners on Wednesday cut its annual revenue guidance despite a "solid" first half. It 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%. Coca-Cola EP said pretax profit in the six months to June 27 rose 21% to EUR1.26 billion from EUR1.05 billion a year before. Operating profit climbed 19% to EUR1.36 billion from EUR1.14 billion. Revenue improved 4.5% to EUR10.27 billion from EUR9.83 billion.
Current stock price: 6,920.00 pence, up 0.7% in London on Friday
12-month change: up 23%
By Tom Waite, Alliance News editor
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