In a financial report released today for the third quarter, CCEP reported revenue of €5.4 billion, up 2.4% year-on-year, with volume down 1.4% year-on-year in Europe and revenue flat.
“2024 is a good year for CCEP,” Damian Gammell, CEO of CCEP. We increased our volume, revenue and market share year-on-year. We are stronger with APS led by the Philippines and offsetting lower volume in Europe.
She said the company had delivered higher revenue growth for retail customers in its core markets than any of its competitors.
Some third-quarter sales are down
The report said the drop in sales in Europe was partly due to the delisting of Capri Sun from the market.
Sales in Germany, Great Britain and the Iberian Peninsula are up for the year and the quarter.
- Germany :T3 +3%
- Great BritainT3 +1.6%
- Iberia:T3 +2.1%
The Coca-Cola brand had a stable quarter with sales of +0.4% and an increase of 1.3% over the whole year.
Sales of water, sports drinks and RTDs, as well as tea and coffee, increased by 3.1% in the third quarter and by 1.6% for the full year.
What drove CCEP sales in Q3?
The Philippines has boosted CCEP's water sales. Sales that would have likely been affected by bad summer weather have been pushed up.
Powerade sports drinks saw a 0.7% increase as NPD generated incremental sales.
Monster was also responsible for a $4.51 trillion increase in energy drink sales, which followed a very strong third quarter last year.
Gammell said: “We are well positioned for 2025 and beyond. We continue to invest for the long term and are confident in our strategy to achieve our medium-term goals.
English 
French