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Coca-Cola Europacific shares lose fizz after interim results
['Tue', 'August', 'At Am Gmt', 'Min Read']
Yahoo Finance
Coca-Cola Europacific shares lose fizz after interim results Proactive uses images sourced from ShutterstockCoca-Cola Europacific Partners PLC (LSE:CCEP, NASDAQ:CCEP) was hit by profit-taking after the drinks bottler reported higher first-half profit and reaffirmed its full-year guidance.
The shares fell 4.3% to 7,710p, having hit an all-time high in the run-up to the interim results.
Asia-Pacific volumes rose 5%, driven by the Philippines and a recovery in Indonesia.
The group retained its guidance for currency-neutral revenue growth of between 3% and 4% in the 2026 financial year, alongside operating profit growth of around 7%.
Coca-Cola Europacific Partners has completed €593 million of its planned €1 billion share buyback.