CCEP Shares Fall Despite Record Revenue Growth

Coca-Cola Europacific Partners reported higher first-half profit and reaffirmed its full-year guidance, but its shares fell 4.3% to 7,710p.

The company's revenue increased 4.4% to €10.7 billion in the six months to July 3, or 6.1% on a comparable currency-neutral basis.

However, second-quarter revenue growth slowed to 2.5%, or 3.3% excluding currency movements. Revenue per unit case edged up just 0.1%, even as volumes grew 3.2% after adjusting for trading days.