Report
Coca-Cola Europacific Partners : Well positioned to combat inflation, with a sufficient toolkit to protect margins
>1Q22 recap: solid, with consumers not trading down - CCEP reported a solid 1Q22 trading update, with an 8% sales beat vs. consensus. The company increased its FY22 yoy sales guidance to +8-10% (was +6-8%) following stronger-than-expected volumes, but also flagged the uncertain inflationary environment. As such, operating profit guidance was maintained (+6-9% yoy) and FY22 COGS/unit case is now +7% (was +5%). CCEP added a €1.5bn FY22 FCF target, which is in line with ...
Underlying
Coca-Cola European Partners Plc
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Eric Wilmer
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