Coca-Cola Europacific Partners Full Year 2023 Earnings: In Line With Expectations

Coca-Cola Europacific Partners (AMS:CCEP) Full Year 2023 Results

Key Financial Results

• Revenue: €18.3b (up 5.7% from FY 2022).
• Net income: €1.67b (up 11% from FY 2022).
• Profit margin: 9.1% (up from 8.7% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €3.64 (up from €3.30 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coca-Cola Europacific Partners Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Beverage industry in Europe.

Performance of the market in the Netherlands.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Coca-Cola Europacific Partners that you should be aware of.

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