Coca-Cola Europacific Partners Sees Slowdown in Second Quarter

Coca-Cola Europacific Partners (CCEP), the world's largest independent Coca-Cola bottler, reported its first-half results on Tuesday, which showed a slowdown in revenue and volume growth in the second quarter.

The company's shares dropped 3.4% to 7,790p after it announced revenues of €10.72bn for the six months to 3 July, up 4.4% year-on-year but down from the 6.7% increase recorded in the first quarter.

First-half volumes were 5.6% higher at 2,041m unit cases, representing a slowdown from 8.5% in the first quarter.