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CCEP Lifts Revenue 6.5%, Holds Guidance

Coca-Cola Europacific Partners grew third-quarter revenue 6.5% and left full-year guidance unchanged, while declaring a €1.42 interim dividend and reporting its €1bn buyback largely complete, before today's London open.

Coca-Cola Europacific Partners (LON: CCEP), the Coca-Cola bottler, reported third-quarter revenue up 6.5% to €5,764m this morning. Volume rose 3.5% on a days-adjusted basis, and the board declared a €1.42 interim dividend.

The shares closed yesterday at 8570p, just below this week’s high of 8590p and about 23% above their level a year earlier.

CCEP.LSE

Revenue for the quarter to the 2nd of October compares with €5,410m a year earlier, and rose 5.8% excluding currency effects. Europe volume grew 2.3% and APS volume 6.3%. Great Britain led Europe on World Cup activation and summer weather, with revenue up 9.3% to €1,003m.

Germany was the soft spot. Its volume fell by a low single-digit percentage on temporary customer disruption in September.

Growth was not only volume. Revenue per unit case, the average revenue earned on each case sold, rose 2.2% on a comparable currency-neutral basis to €5.46. Coca-Cola Zero Sugar grew 9.7% and energy drinks 17.3%.

By region, revenue compared with a year earlier as follows.

RegionQ3 2026 revenueQ3 2025 revenueReported change
Europe€4,436m€4,194m5.8%
APS€1,328m€1,216m9.2%
Total€5,764m€5,410m6.5%

APS grew fastest on both revenue and volume.

Line chart of Coca-Cola Europacific Partners share price in pence over the past 12 months
CCEP shares ran higher into the company’s Q3 trading update, published today.

Guidance was held rather than raised: revenue growth of 3% to 4%, operating profit up about 7% and comparable free cash flow of at least €1.7bn. Q4 has six fewer days, offsetting six extra in Q1.

Chief executive Damian Gammell struck a cautious note on costs and consumers:

The consumer environment remains challenging, and the geopolitical situation has impacted operating costs; however, our business remains resilient.

Damian Gammell, CEO

The interim dividend takes the full-year payout to €2.24 per share, a payout ratio of about 50%, and roughly €880m of the €1bn buyback was completed by Friday. Holders on the register on the 20th of November are paid on the 3rd of December. A call is due at noon, and full-year results follow on the 18th of February 2027.

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