Coca-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.

Coca-Cola bottler Europacific Partners (CCEP) announced this Wednesday an increase in sales and profits for the first six months of this year, but the improved results have not prevented the company's shares from plummeting on the Spanish stock market.