Coca-Cola Europacific Partners (CCEP) closed the third quarter of 2026 with revenues of €5,76 billion, up 6,5% compared to the same period of the previous year and 5,8% at constant exchange rates. The group, one of the world's leading beverage bottlers and distributors, benefited from increased volumes, growth in sugar-free products and energy drinks, as well as favorable weather conditions during the European summer.
Overall volumes increased by 3,5% on a comparable basis, while average cash flow increased by 2,2%. In the first nine months of the year, revenue reached €16,49 billion, an increase of 5,1% at current prices and 6% at constant exchange rates.
In Europe, quarterly revenues reached €4,44 billion, up 5,8%, with volumes up 2,3%. The UK performed particularly well, with revenues rising 9,3% to €1 billion, driven by sales of Coca-Cola Zero Sugar, Monster, and Powerade. In the Iberian region, which includes Spain, Portugal, and Andorra, revenues grew 5,8% to €1,13 billion, while Germany recorded a 1,9% increase to €848 million.
Growth was more sustained in the Australia, Pacific, and Southeast Asia regions, where revenue reached €1,33 billion, up 9,2%, accompanied by a 6,3% increase in volumes. The group reported particularly positive results in Indonesia and strong demand in the Philippines and Australia.
Among product categories, energy drinks stood out, with volumes up 17,3% in the quarter, while Coca-Cola Zero Sugar recorded growth of 9,7%. Waters also performed well, up 10,8%, and sports drinks, up 10,8%. The Coca-Cola brand as a whole saw a more modest increase in volume, at 2%, while Sprite increased by 5,9%.
"We delivered a solid third quarter, building on the results of the first half and maintaining focus on our strategic priorities," said CEO Damian Gammell, emphasizing how growth was supported by both higher volumes and increased cash revenues across various markets.
Despite a continuing challenging consumer environment and pressure on operating costs related to the geopolitical situation, CCEP confirmed its full-year forecast. The group expects revenue growth of between 3% and 4% at constant exchange rates and comparable operating profit growth of approximately 7%, with free cash flow of at least €1,7 billion.
The €1 billion share buyback program was also confirmed, with approximately €880 million already completed as of October 30. The board of directors also approved a half-yearly dividend of €1,42 per share, bringing the total expected distribution for 2026 to €2,24 per share.
