Nov 3 (Reuters) – Bottling firm Coca-Cola Europacific Partners on Tuesday flagged cost pressures from ongoing geopolitical tensions, but said its business remains resilient thanks to pricing, tight spending controls and productivity gains.
• Shares of the company, a bottler for Coca-Cola’s beverages across Western Europe, Australia, New Zealand and parts of Asia-Pacific, were down 2.5% in early trade
• The company did not provide details on how its operating costs were affected or by how much, but left its full-year outlook unchanged
• The Iran war has driven up energy, raw material and freight costs and pressured businesses globally
• The company said it had hedged more than 95% of its commodity requirements for 2026
• Its third-quarter revenue rose 6.5% to €5.76 billion ($6.45 billion), supported by a 3.5% increase in volumes, driven by demand for zero-sugar, energy and hydration drinks
• “We are well prepared for 2027 with great opportunities to excite consumers, grow value for customers and create value for shareholders,” CEO Damian Gammell said in a statement
($1 = 0.8937 euros)
(Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu Sahu)
