Coca-Cola Europacific Partners (CCEP) has reported strong growth in its APAC region, driven by its recent acquisition of Coca-Cola Philippines. The acquisition contributed to a 3.5% year-on-year revenue increase to EUR10.1bn and a 9% growth in operating profits to EUR1.3bn in the first half of 2024. The success in the Philippines, with double-digit growth and a dominant market share in the sparkling and Non-Alcoholic Ready-To-Drink NARTD beverage categories, offset softer volumes in Europe. Looking ahead, CCEP aims to further capitalize on beverage opportunities in the Philippines and continue its market transformation in Indonesia, despite geopolitical challenges affecting certain regions.
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