Bottler Coca-Cola Europacific Partners flags cost pressures, keeps outlook

Nov 3 (Reuters) – Bottling firm Coca-Cola Europacific Partners (CCEPC.L),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 (KO.N),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