Key facts
- Coca-Cola Europacific Partners left its full-year outlook unchanged while flagging cost pressures from geopolitical tensions.
- The company said it had hedged more than 95% of its commodity requirements for 2026.
- Third-quarter revenue rose 6.5% to €5.76 billion ($6.45 billion), with volumes up 3.5%.
- Shares of the company were down 2.5% in early trade on November 3.
Coca-Cola Europacific Partners, a bottler for Coca-Cola's beverages across Western Europe, Australia, New Zealand and parts of Asia-Pacific, said on November 3 that it faced cost pressures from geopolitical tensions, without giving details on how its operating costs were affected or by how much. The company said its business remained resilient because of pricing, tight spending controls and productivity gains, and it left its full-year outlook unchanged.
The report said the Iran war had driven up energy, raw material and freight costs and pressured businesses globally. Coca-Cola Europacific Partners said it had hedged more than 95% of its commodity requirements for 2026.
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. CEO Damian Gammell said in a statement: "We are well prepared for 2027 with great opportunities to excite consumers, grow value for customers and create value for shareholders."
Shares of the company were down 2.5% in early trade on November 3.