Coca-Cola Europacific Partners backs medium-term outlook

(Alliance News) - Coca-Cola Europacific Partners PLC on Wednesday maintained its medium-term financial objectives, ahead of a capital markets event.

The soft drink bottler re-affirmed mid-term growth objectives, which includes comparable foreign exchange-neutral revenue growth of around 4%.

Comparable foreign exchange-neutral revenue had surged 12% in 2024.

CCEP also reaffirmed its mid-term objective of comparable operating profit growth of around 7%. It had jumped 12% in 2024.

The company, which operates in nations including Australia, France, Germany and also in Great Britain, backed its mid-term aim of a dividend payout ratio of around 50%. For 2024, it raised its dividend by 7.1% to EUR1.97 per share, maintaining the annualised payout ratio of roughly 50%.

Wednesday's capital markets event is being held in Manila, Philippines.

"Chair Sol Daurella, Chief Executive Damian Gammell and members of the executive leadership team will present our growth strategy and key enablers to drive the delivery of our mid-term growth objectives and continued shareholder value," the FTSE 100 listing explained.

The event will contain presentations focused on themes including "accelerating productivity through technology", investing with an eye on the long-term and "delivering continued shareholder value".

Shares in the company were flat at 6,610.00 pence each in London on Wednesday morning.

By Eric Cunha, Alliance News news editor

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