Coca-Cola Europacific Partners' profits rise 37% and it will buy back 1 billion in shares
Last year the company had revenues of €20.901 billion, up 2.3%, and will distribute a dividend of €2.04 per share
BarcelonaCoca-Cola Europacific Partners (CCEP) earned €1.979 billion last year, a 37% increase over the previous year, according to results submitted to the Spanish National Securities Market Commission (CNMV). At the same time, it announced a €1 billion share buyback program. The group, chaired by Sol Daurella, specified that, on a like-for-like basis, profit increased by 3.6% to €1.916 billion. Total revenue, at €20.901 billion, rose by 2.3%. Sales remained stable in Europe, driven by energy drinks and Coca-Cola Zero. In the Asia-Pacific region, sales increased by 1%, with significant growth in Australia and Papua New Guinea.
Operating profit reached €2.793 billion last year, 31% higher than the previous year. In accounting terms, the fiscal year closed at €2.862 billion, a 7.5% increase. Given these results, the company has announced a dividend of €2.04 per share, 3.6% higher than a year ago. With this amount, the shareholder payout ratio to earnings stands at around 50%. Looking ahead to 2026, the company expects revenue to grow between 3% and 4%.
Meanwhile, the new €1 billion share buyback program will begin tomorrow, Wednesday the 18th, and is scheduled to be completed before the end of February next year.