CCEP News CCEP News https://www.ccep.com/feeds/news <p class="p1">LONDON, 10 August 2017 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces its interim results for the six months ended 30 June 2017 and increases full-year 2017 outlook.</p> <p class="p1">Highlights</p> <ul> <li>First-half diluted earnings per share were &euro;0.91 on a reported basis or &euro;0.98 on a comparable basis, including a negative currency translation impact of &euro;0.03.</li> <li>First-half reported revenue totalled &euro;5.4 billion, up 3.0 percent on a comparable basis, or up 5.0 percent on a comparable and fx-neutral basis. Volume grew 3.0 percent on a comparable basis.</li> <li>First-half reported operating profit was &euro;635 million; comparable operating profit was &euro;688 million, up 14.0 percent on a comparable basis, or up 17.0 percent on a comparable and fx-neutral basis.</li> <li>Second-quarter diluted earnings per share were &euro;0.61 on a reported basis or &euro;0.67 on a comparable basis, including a negative currency translation impact of &euro;0.02.</li> <li>CCEP increases full-year guidance for 2017 including comparable and fx-neutral diluted earnings per share growth in a 10 percent to 12 percent range when compared to 2016 comparable results; at recent rates, currency translation would reduce diluted earnings per share by approximately 2 percent.</li> <li>CCEP remains on track to achieve pre-tax savings of &euro;315 million to &euro;340 million through synergies by mid-2019.</li> <li>CCEP declares quarterly dividend of &euro;0.21 per share.</li> </ul> <p class="p1">&ldquo;We delivered a strong second quarter as we continue to make solid progress in building our new company and realising our planned synergies,&rdquo; said Damian Gammell, Chief Executive Officer. &ldquo;These results reflect the successful execution of our sales and marketing plans, as well as favourable weather throughout the quarter.</p> <p class="p1">&ldquo;Importantly, our results also continue to support the strategic rationale for creating CCEP,&rdquo; Mr. Gammell said. &ldquo;Looking forward, we remain focused on our long-term business growth through expanding our portfolio, creating value with our customers, and improving in-market execution, all to generate strong cash flow and drive long-term value for our shareholders.&rdquo;</p> 32373131-2d4e-6577-7349-74656d2d3130 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-reports-interim-results-for-the-six-months-ended-30-june-2017 Thu, 10 Aug 2017 10:14:49 +0000 COCA-COLA EUROPEAN PARTNERS REPORTS INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 76236 image/jpeg https://www.ccep.com/system/stories/2711/1h-2017-main.jpg <p>We&rsquo;re proud of the diversity of people and cultures within Coca-Cola European Partners and today we&rsquo;ve launched a new film series called <em>We Are CCEP,</em> featuring some of our fantastic colleagues who live and work in the 13 countries in which we operate.</p> <p>This series will showcase the variety of roles within our business, celebrating what makes us unique and how we are all working together to bring some of the world&rsquo;s best-loved brands to millions of people in Western Europe.</p> <p>The first stop on our European tour took us to Wakefield in GB where we met Ray and his daughter Kodi. Ray has worked for the company since 1994, and Kodi is a second-year engineering apprentice. We spent a day filming with the dynamic duo - Watch the video <a href="https://www.youtube.com/watch?v=z9btm1wFkgY">here</a> or click the image above.</p> 32373031-2d4e-6577-7349-74656d2d3039 https://www.ccep.com/news-and-events/news/we-are-ccep-film-series Wed, 09 Aug 2017 13:33:04 +0000 We Are CCEP film series <p>We&rsquo;ve got ambitious plans to grow at Coca-Cola European Partners and digital is at the heart of that. But everyone says that, right?</p> <p>We have been reshaping our digital agenda and programme to build on the good work done so far and give it even more momentum. I recently went to Silicon Valley on a fact-finding mission to meet with some of the biggest names in technology like Google and Facebook. I wanted to understand how these massive tech giants thought about digital in their own companies and what trends are coming round the corner. We also met with some venture capitalists to see how they evaluated digital ideas.</p> <p>These companies make their money from technology, so it&rsquo;s no surprise that digital is at the core of what they do. It&rsquo;s part of every plan and factored into every educated guess about what will happen in the future. They don&rsquo;t do it because it is trendy &ndash; they do it because it delivers genuine results. It is their business.</p> <p>This is the digital model we are pursuing for CCEP. Digital is baked into our strategy &ndash; not separate to it and we&rsquo;ll only invest where it can deliver the biggest benefit to our customers, our people and our business.</p> <p>The most obvious area, and the one we&rsquo;ll be focusing on first, is how digital can support our growth plans. We need to be world-class at serving our customers and digital tools make it simpler and quicker to do this.</p> <p>There are also huge opportunities in supply chain to get our products from our sites to customers the moment they need them, by better understanding supply chain data and making the most of connected devices.</p> <p>Bringing in social tools for employees and interacting with customers and consumers on platforms like Salesforce, Facebook and others is also vital. Millennials use these services every day in their personal life and increasingly expect them in their professional life too so we need to cater for those expectations.&nbsp;</p> <p>We are going to take a long-term view of digital at CCEP so we are ready to make the most of the next technological leap.</p> <p>We have many ideas to evaluate, but we are clear on where we want to be &ndash; and building relationships with leading tech companies like we did on the trip to California can only help us get there quicker.</p> <p>Peter Brickley</p> <p>Chief Information Officer</p> 32353731-2d4e-6577-7349-74656d2d3034 https://www.ccep.com/news-and-events/news/lessons-from-silicon-valley Tue, 04 Jul 2017 10:34:41 +0000 Lessons from Silicon Valley 36399 image/jpeg https://www.ccep.com/system/stories/2571/peterinternal-main.jpg <p>Today Coca-Cola European Partners has <a href="/pages/stakeholder-progress-report-2016" target="_blank">published</a> its first ever Stakeholder Progress Report.</p> <p>The report highlights the improvements we have made relating to sustainability in its broadest sense - from our governance and people programmes, to our drinks, packaging, water, climate and communities.&nbsp;</p> <p>When I became CEO of CCEP one year ago, I was motivated by two key ambitions. First, I wanted to grow the company in a way that fulfilled its potential while respecting its heritage. Second, I wanted to do it in a way that would make me, our employees and our stakeholders feel proud.</p> <p>Our stakeholders - both inside and outside the business - want us to fundamentally be a good business, but to more meaningfully influence some of the biggest issues facing society today.</p> <p>They want to see leadership from us on packaging, the sugar and calories in our beverages and the impact we have on our communities. We are hard at work transforming this into a set of targets and commitments that we will publish in our new sustainability plan later this year.</p> <p>But before we set goals for the future we had to know where we are today. With merging three bottling organisations, it has taken us a year to gather and analyse the data needed to establish the baseline of our performance. This is what we&rsquo;ve released today in our Stakeholder Progress Report.</p> <p>Here are some highlights. We have:</p> <ul> <li>Reduced the calories across our portfolio by 7.9%</li> <li>35% of the volume of our products in our portfolio are no- and low-calorie</li> <li>Reduced our carbon footprint by 42.6% since 2010</li> <li>Continued to ensure that all of our packaging is recyclable, and in 2016, 21% of our PET was recycled PET</li> <li>Donated approximately &euro;6.6 million to our communities and our people have spent 10,000 hours volunteering for local causes</li> </ul> <p>The report sets out the foundations we will build from in every relevant area, from governance to environmental performance, from transforming our drinks portfolio and packaging to diversity.</p> <p>Continued progress requires leadership, dedication and collaboration and all credit rests with the passion and commitment of our employees and the great partnerships that we have developed with suppliers, customers, local communities, NGOs and stakeholders.&nbsp;</p> <p>There&rsquo;s still considerable work to be done and I am excited about what we can achieve. I look forward to sharing more on our new sustainability plan once it&rsquo;s released later this year.</p> <p>Damian Gammell</p> <p>CEO</p> 32353131-2d4e-6577-7349-74656d2d3237 https://www.ccep.com/news-and-events/news/our-first-stakeholder-progress-report Tue, 27 Jun 2017 13:04:15 +0000 Our First Stakeholder Progress Report 267425 image/jpeg https://www.ccep.com/system/stories/2511/susreport-01-CCEP-main.jpg <p class="Body">Last week, our GB Women&rsquo;s Network hosted the latest in a series of external events designed to bring women together to discuss diversity and inclusion at work. This is just one of the diversity groups we have across Coca-Cola European Partners.</p> <p class="Body">It was fascinating to hear from our guest speaker, Dragons' Den entrepreneur Deborah Meaden about her experiences, the challenges she has faced and how she overcame them.</p> <p class="Body">Many successful men and women in the audience also shared their own stories and concerns. It was clear that while diversity and inclusion was important to everyone, it is still an area where companies struggle to make progress and real barriers still exist.</p> <p class="Body">Participating in this event was a priority for me. I firmly believe in empowering women &ndash; and people from any background underrepresented in the business world &ndash; to succeed and grow.</p> <p class="Body">To me, this just makes good business sense.</p> <p class="Body">Diversity is crucial to business performance and companies with diverse management teams enjoy better financial performance and are better able to recover and adapt to changes in the market.</p> <p class="Body">We need to deeply understand who is buying our products. Employing people who reflect the communities we live in, the customers we serve and the people who buy and enjoy our drinks is the best way of doing that.</p> <p class="Body">But it is also about values &ndash; giving everyone an equal chance of development and progression is a core value for our business.</p> <p class="Body">I am passionate about getting more women into business leadership and making sure they are able to progress, improve and grow. I was lucky to have an incredible business mentor in my father. He taught me the importance of effort, hard work, sacrifice, courage and determination. These are values that still define how I think and act today.</p> <p class="Body">I&rsquo;ve had to be persistent and it is often when things are hardest that I&rsquo;ve learnt the most. These moments are usually the launch pad for something great.</p> <p class="Body">You won&rsquo;t always get it right, but I view my career like being in permanent training &ndash; I try and soak up all the lessons, new ideas and new ways of doing things as I go.</p> <p class="Body">I am proud of the work CCEP has done on diversity and inclusion, but I believe we can be bolder and do more. A first step would be improving the way we measure ourselves. We can&rsquo;t simply rely on averages. We need to understand how diverse we are at every level of the business, in every function and in every country.</p> <p class="Body">We are working on a new plan for diversity and inclusion, which will be published later this year. I want us to dramatically increase the number of female managers and leaders, strengthen mentoring and do a better job at tracking high potential female talent.</p> <p>Creating a diverse and inclusive workplace is at the forefront of my focus for the business and I would encourage you, as I did the audience last week, to be bold for change.</p> <div class="rich-content clearfix"> <p><strong>Sol Daurella</strong></p> </div> 32343631-2d4e-6577-7349-74656d2d3038 https://www.ccep.com/news-and-events/news/be-bold-for-change-diversity-at-ccep Thu, 08 Jun 2017 14:06:40 +0000 Be Bold For Change: Diversity at CCEP 55891 image/jpeg https://www.ccep.com/system/stories/2461/sol-main.jpg <p>This week we celebrate Coca-Cola European Partners&rsquo; first birthday.<br /><br />It is incredible that it&rsquo;s been only twelve months since CCEP was formed to create the world&rsquo;s biggest independent Coca-Cola bottler. Our people have worked exceptionally hard in that time to bring this company together and achieve our business plans.<br /><br />We&rsquo;ve delivered three consecutive quarters of growth. We&rsquo;ve successfully launched new brands in tea, energy and water including Honest Tea, Monster, ViO and Coca-Cola Zero Sugar. And we&rsquo;re investing in our existing portfolio of brands to offer new and exciting packaging and more low and no sugar options to our customers and consumers.<br /><br />We&rsquo;ve also focused on our sales teams and invested in new technologies to support them in delivering the best service possible to our customers every day.<br /><br />While we have made significant progress, there is more work to do. We will continue to look at ways of serving our customers better and getting more great products into the hands of consumers.<br /><br />We will also be launching our new sustainability plan for Western Europe later this year together with The Coca-Cola Company. This is about putting sustainability at the heart of our business so we truly benefit all our stakeholders &ndash; whether customers, employees or communities &ndash; through our leadership in sustainable packaging, evolving our portfolio and local outreach.<br /><br />I am incredibly proud of the work our people have done in bringing some of the world&rsquo;s best-loved brands to millions of people across Western Europe in the last year.<br /><br />We have ambitious goals to be the biggest and best Coca-Cola bottler and we are focused on ensuring our second year is even better than our first.<br /><br />Damian&nbsp;</p> 32333931-2d4e-6577-7349-74656d2d3331 https://www.ccep.com/news-and-events/news/our-first-year-as-ccep Wed, 31 May 2017 11:49:26 +0000 Our first year as CCEP 52501 image/jpeg https://www.ccep.com/system/stories/2391/d-main.jpg <p class="p1"><strong>LONDON, 4 May 2017 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces its interim&nbsp;results for the first quarter ended 31 March 2017, and affirms its full-year 2017 outlook.</strong></p> <p class="p1">Highlights</p> <ul> <li>First-quarter diluted earnings per share were &euro;0.30 on a reported basis or &euro;0.31 on a comparable basis, including a negative currency translation impact of &euro;0.01.</li> <li>First-quarter reported revenue totalled &euro;2.4 billion, down 0.5 percent on a comparable basis or up 1.5 percent on a comparable and fx-neutral basis. Volume grew 0.5 percent on a comparable basis.</li> <li>First-quarter reported operating profit was &euro;219 million; comparable operating profit was &euro;228 million, up 11.0 percent on a comparable basis, or up 15.0 percent on a comparable and fx-neutral basis.</li> <li>CCEP affirms its full-year guidance for 2017 including comparable and fx-neutral diluted earnings per share growth in a high single-digit range when compared to the 2016 comparable results; at recent rates, currency translation would reduce diluted earnings per share by approximately 1.0 percent.</li> <li>CCEP remains on track to achieve pre-tax savings of &euro;315 million to &euro;340 million through synergies by mid-2019.</li> <li>CCEP declares quarterly dividend of &euro;0.21 per share.</li> </ul> <p class="p1">&ldquo;Our first-quarter results are a solid start to the year, reflecting our focus on improving field level execution while winning with customers through increasing the value proposition of our portfolio for consumers,&rdquo; said Damian Gammell, Chief Executive Officer. &ldquo;While we are pleased with these results and our continued progress in the integration of our business, the first quarter is our smallest, and to reach our full-year targets we must execute our marketing and operating plans in the key summer selling season.</p> <p class="p1">&ldquo;In addition, we must continue to achieve operating synergies, creating a platform for core business growth and long-term value creation,&rdquo; Mr. Gammell said. &ldquo;Ultimately, our goal remains to drive stakeholder and importantly, shareowner value.&rdquo;</p> 32333131-2d4e-6577-7349-74656d2d3034 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-reports-interim-results-for-the-first-quarter-ended-31-march-2017 Thu, 04 May 2017 11:35:10 +0000 COCA-COLA EUROPEAN PARTNERS REPORTS INTERIM RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2017 59906 image/jpeg https://www.ccep.com/system/stories/2311/Q1-2017-Earnings-main.jpg <p>Yesterday, Nik Jhangiani, our CFO, and I were at the Consumer Analyst Group Europe (CAGE) Conference in London talking with investors about how Coca-Cola European Partners will become the world&rsquo;s most valuable Coca-Cola bottler and a leading consumer goods company. [<a href="http://ccepcage2017.modstreaming.com/">You can watch a replay of the presentation here</a>.]<br /><strong><br />First, we&rsquo;re well positioned for growth<br /><br /></strong>Since integrating the bottling operations of Coca-Cola Enterprises, Iberia and Germany to form Coca-Cola European Partners, we have created a business with the right platform for growth. We are already sharing best practice across CCEP on a new scale and realising efficiencies, which translate into commercial effectiveness. That&rsquo;s why we&rsquo;re on track to achieve our mid-2019 pre-tax savings objective of &euro;315 million to &euro;340 million.<br /><br />Importantly, we&rsquo;re confident that CCEP&rsquo;s operating model provides a solid platform for growth, and we see several areas for value creation, including innovation, brand development, and improved marketplace execution.<br /><br /><strong>We know where growth will come from<br /><br /></strong>We&rsquo;re also clear <em>where</em> we&rsquo;re going to grow. The non-alcoholic ready-to-drink (NARTD) category has estimated total retail sales of approximately &euro;100 billion across our territories, and in that category are a number of segments with significant opportunities for growth.<br /><br />Like our partners at The Coca-Cola Company, we are adopting a total beverage company mindset &ndash; strategically diversifying our portfolio to deliver what consumers want, whether that be drinks with less sugar, new flavours or more convenient packaging.<br /><br />For instance, the still and water segments represent more than 50 percent of total retail sales, yet we currently have a low value share in these segments. We see this as a significant opportunity to profitably grow with some of the high quality brands within our portfolio.<br /><br />We&rsquo;re looking at all opportunities across the portfolio, from changing recipes and introducing new products and scaling brands across our territories to meet consumer needs. People&rsquo;s tastes and preferences are changing, and that will drive our innovation. <br /><br />Last year, we launched several low and no calorie product innovations, including new Coca-Cola Zero Sugar in Great Britain, France, Belgium/Luxembourg and the Netherlands, and this year, we are introducing it in Spain, Germany and the Nordics. Honest, which we are expanding in GB, represents a significant opportunity as a premium, organic brewed ice tea. In Germany, VIO is a successful brand built over the last few years, and we recently added a premium range of organic sparkling lemonade VIO.&nbsp;<br /><br /><strong>Investing in even greater collaboration with our customers<br /><br /></strong>At the heart of our efforts will be an even greater focus on connections with our customers. This allows us to put more of our products in the hands of more consumers, more of the time. We will work more closely than ever before with our customers, ensuring our senior leadership teams are connecting and sharing priorities, as well building joint business plans. We are also constantly building and developing our data on how shoppers behave and how they make their decisions, to support our customers as we grow the category together. &nbsp; &nbsp; <br /><br />We are also focused on freeing up time for our 5,500 sales people to be with our customers more, calling on 1 million outlets across our markets.<br /><br /><strong>We&rsquo;re a good company, but we&rsquo;re going to become a GREAT company<br /><br /></strong>I am very proud to be the CEO of a company that is listed on the 2016 Dow Jones Sustainability Index. This is a good company already &ndash; but we are going to be great. &nbsp; <br /><br />We are developing a new sustainability strategy for Coca-Cola in western Europe in partnership with The Coca-Cola Company. We have been seeking input from hundreds of external stakeholders and consumers to understand what matters to them and learn what we can do better, building on our progress in several areas such as sustainable packaging, diversity, evolving our portfolio and community involvement.</p> <p>Our goal is clear: we want to lead in sustainability while driving value for all of our stakeholders, including our shareholders. We know from the past that if we put sustainability at the centre of our business decision-making, it can reward us with cost savings, build consumer and customer trust and, ultimately, become a growth driver in itself.<br /><br /><strong>Our people are central to our success</strong></p> <p>It&rsquo;s a testament to the hard work of the 24,500 people at CCEP that we were able to achieve so much in 2016 and release such positive results. It takes a single-minded focus driven by a shared ambition. &nbsp;Everyone in the business, whatever they are doing and wherever they do it, are part of this success.<br /><br />Creating the right culture is fundamental to our growth. We are working to encourage an entrepreneurial culture where everyone knows what our purpose is and how they contribute to it.</p> <p>Our purpose as Coca-Cola European Partners is not only to delight customers and consumers with our drinks and our service, but to create shared and sustainable value. That means value for our shareholders but also value for our people, our customers and the communities in which we work. <br /><br />There&rsquo;s no doubt that we can do more, but the foundations are in place and growth is apparent. Over the next two years we have ambitious targets still to meet and &ndash; as I told the CAGE Conference this afternoon &ndash; I know we have the people, the plan, and the passion to do it</p> 32313231-2d4e-6577-7349-74656d2d3233 https://www.ccep.com/news-and-events/news/becoming-a-great-company Thu, 23 Mar 2017 16:48:18 +0000 Becoming a great company 46807 image/jpeg https://www.ccep.com/system/stories/2121/D-cage-main.jpg <p><strong>LONDON, 21 March 2017 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces fourth-quarter and full-year results for the period ended 31 December 2016, and affirms its full-year 2017 outlook.</strong></p> <p>Highlights</p> <ul> <li>Full-year diluted earnings per share were &euro;1.42 on a reported basis or &euro;1.92 on a pro forma comparable basis, including a negative currency translation impact of &euro;0.08.</li> <li>Full-year reported revenue totalled &euro;9.1 billion. Pro forma comparable revenue was &euro;10.9 billion, down 1.5 percent vs. prior year, or up 1.0 percent on a pro forma comparable and fx-neutral basis. Volume increased 0.5 percent on a pro forma comparable basis.</li> <li>Full-year reported operating profit was &euro;851 million; pro forma comparable operating profit was &euro;1.4 billion, up 1.0 percent, or up 5.0 percent on a pro forma comparable and fx-neutral basis.</li> <li>Fourth-quarter diluted earnings per share were &euro;0.02 on a reported basis or &euro;0.43 on a pro forma comparable basis, including a negative currency translation impact of &euro;0.03.</li> <li>CCEP affirms its full-year guidance for 2017 including comparable and fx-neutral diluted earnings per share growth in a high single-digit range when compared to the 2016 pro forma comparable results; at recent rates, currency translation would reduce diluted earnings per share by approximately 2.0 percent.</li> <li>CCEP remains on track to achieve pre-tax savings of &euro;315 million to &euro;340 million through synergies by mid-2019.</li> <li>CCEP declares quarterly dividend of &euro;0.21 per share.</li> </ul> <p>&ldquo;During 2016, we successfully brought together the businesses of Coca-Cola European Partners, while delivering our growth objectives for revenue, profit, and diluted earnings per share,&rdquo; said Chief Executive Officer Damian Gammell. &ldquo;This transaction, completed only 10 months ago, establishes an improved platform for growth as we diversify and increase our portfolio value, collaborate to win with our customers, and operate more efficiently, effectively, and locally to capture the market opportunities.</p> <p>&ldquo;As we worked to integrate our business in 2016, our company remained focused on driving core revenue, operating profit, and improving profit margins,&rdquo; Mr. Gammell said. &ldquo;These results were driven by strong field level execution by our employees, solid marketing initiatives, and the benefits of improved weather in key months.</p> <p>&ldquo;Going forward, we will focus on delivering our operating objectives for 2017 - goals we have affirmed today - by successfully implementing our marketing and brand initiatives and continuing to realize our synergy objectives,&rdquo; Mr. Gammell said. &ldquo;We believe the operating advantages of our new company, coupled with the skill and dedication of our people, will enable us to deliver consistent, value-building growth that creates benefits for our stakeholders and drives shareholder value.</p> <p>&ldquo;Today&rsquo;s dividend announcement, an increase of over 20 percent, is a clear demonstration of our strong commitment to driving shareholder value,&rdquo; Mr. Gammell said.&nbsp;</p> 32303931-2d4e-6577-7349-74656d2d3231 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-reports-fourth-quarter-full-year-results-for-the-period-ended-31-december-2016 Tue, 21 Mar 2017 11:28:55 +0000 COCA-COLA EUROPEAN PARTNERS REPORTS FOURTH-QUARTER & FULL-YEAR RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2016 73210 image/jpeg https://www.ccep.com/system/stories/2091/Earnings_image-main.jpg <p>Clare Wardle, CCEP&rsquo;s General Counsel &amp; Company Secretary, has been included on this year&rsquo;s &lsquo;The Hot 100&rsquo;, a prestigious annual list compiled by The Lawyer magazine which celebrates legal professionals who have completed ground-breaking work in the past year.</p> <p>The accolade recognises her outstanding contribution to the recent merger process which created CCEP last year, when Clare led on the complex areas of legal risk, compliance and governance. The panel at The Lawyer commended her for also continuing to pursue her passions of diversity in the workplace and staff development. To be named to the list is a considerable achievement and reflects Clare&rsquo;s dedication to the success of the entire CCEP business.</p> <p>Clare, based at CCEP&rsquo;s headquarters in London, has been in her current role since May 2016 and was previously Group General Counsel at Kingfisher.&nbsp;</p> 31393031-2d4e-6577-7349-74656d2d3330 https://www.ccep.com/news-and-events/news/ccep-s-general-counsel-company-secretary-named-one-of-the-great-britain-s-top-100-lawyers Mon, 30 Jan 2017 15:44:28 +0000 CCEP’s General Counsel & Company Secretary named one of the Great Britain’s top 100 lawyers 68476 image/jpeg https://www.ccep.com/system/stories/1901/ClareWardle-main.jpg <p>Today, Coca-Cola European Partners was named one of the Most Sustainable Corporations in the World in a list announced at the World Economic Forum in Davos &ndash; we were ranked at 48 in the global list of 100 most sustainable companies. We are very proud of this achievement, which is a reflection of the work we have done to put sustainability at the very heart of our new business.</p> <p>The 2017 Global 100 Index of the Most Sustainable Corporations in the World is published by Corporate Knights, a Canadian sustainability ratings and research company. It recognises businesses that have shown a strong performance across a number of key areas &ndash; including carbon, water and waste, supply chain impact, innovation, safety and employee turnover.</p> <p>We were selected from an initial group of over 4,900 listed companies and are one of only two beverage companies to be included, with Diageo listed at 64. Other companies in this year&rsquo;s Global 100 include Siemens AG at number one, Marks and Spencer at 32 and L&rsquo;Oreal at 38. The full Global 100 Index is available to view <a href="http://www.corporateknights.com/reports/2017-global-100/2017-global-100-results-14846083/">here.</a></p> <p>As we continue our work in well-being, energy and climate, water stewardship, and sustainable packaging and agriculture, we hope to improve our ranking further in future years. We know that collaboration is absolutely essential as we strive for sustainability leadership, so working with our customers, suppliers and stakeholders remains a key focus.&nbsp;</p> 31383631-2d4e-6577-7349-74656d2d3137 https://www.ccep.com/news-and-events/news/ccep-is-one-of-the-most-sustainable-corporations-in-the-world Tue, 17 Jan 2017 10:53:24 +0000 CCEP is one of the Most Sustainable Corporations in the World 156512 image/jpeg https://www.ccep.com/system/stories/1861/100-main.jpg <p class="p1">Damian Gammell joined Coca-Cola European Partners&rsquo; Board of Directors, following his appointment as Chief Executive Officer on 28 December 2016. Damian is known for his vision, customer focus and transformational leadership. As Chief Executive Officer and the only Executive Director in the Board, he will ensure Coca-Cola European Partners continues to drive long-term growth and shareowner value.<br /><br />&ldquo;It&rsquo;s an honour to serve with such an experienced, international and diverse Board,&rdquo; Damian said. &ldquo;My focus is clear: ensuring Coca-Cola European Partners can unlock opportunity and growth in Western Europe, and I am confident in our ability to win through the solid foundations we have created for our new company. We have the right leadership and long-term growth plans, supported by some of the best people in the business and the world&rsquo;s most loved brands.&rdquo;<br /><br />Prior to Coca-Cola European Partners, Damian served as Chief Executive Officer of Anadolu EFES (ticker symbol: EFES), one of the world&rsquo;s largest beverage companies and Chief Executive Officer of Coca-Cola Icecek (ticker symbol: CCOLA), the world&rsquo;s fourth largest Coca-Cola bottler. During his 25-year career with the Coca-Cola system, Gammell served as head of The Coca-Cola Company&rsquo;s operations in Germany and Russia, and worked in parts of Eastern Europe, the Middle East, Asia and Australia.</p> 31383431-2d4e-6577-7349-74656d2d3033 https://www.ccep.com/news-and-events/news/damian-gammell-joins-board-of-directors Tue, 03 Jan 2017 09:55:40 +0000 Damian Gammell joins Board of Directors 50357 image/jpeg https://www.ccep.com/system/stories/1841/DG-main.jpg <p>As well as being bottled at our Chaudfontaine site, water is now helping us to power the entire factory. To support our aim to make better use of green energy, our team in Belgium decided to maximise the vast natural power resource right on their doorstep &ndash; the Vesdre River.&nbsp;</p> <p>Working with the local council, the Walloon Region and external investors, we have invested &euro;800,000 to install a hydroelectric turbine that will transform the natural current of the river into power for the site. We expect the turbine will produce an incredible 330 MWh per year &ndash; the equivalent energy usage of 94 households (a 170 tonne reduction in CO2 carbon emissions per year).</p> <p>The team at our Chaudfontaine site has worked tirelessly on sustainable energy management and since 2005 we have reduced the site&rsquo;s overall energy consumption three-fold. And we are using the natural environment to create the site&rsquo;s own green energy.&nbsp; The combination of already-installed solar panels, natural capture of geothermal heat from the mineral water and this new turbine, will help Chaudfontaine produce more than 10% of its required electricity from green energy.</p> <p>We want future generations to be able to enjoy Chaufontaine water and have spent a long time looking into the long-term future of the site. By anticipating possible pollution risks and exploring the potential of green energy, we&rsquo;re protecting the unique taste of Chaudfontaine for years to come.</p> <p>The installation of this turbine is just a small step in our journey toward greater use of green energy. Within our manufacturing operations, we aim to improve our energy efficiency by making greater use of alternative energy resources like this turbine at Chaudfontaine, as well as using solar photovoltaic and wind turbines.</p> <p>Across our business, we're also working to minimise water impacts in our value chain, establish a water sustainable operation and set the standard for water efficiency. We want to protect the future sustainability of all our water sources and have set the target to safely return to na</p> 31373831-2d4e-6577-7349-74656d2d3039 https://www.ccep.com/news-and-events/news/powering-chaudfontaine-with-green-energy Fri, 09 Dec 2016 10:24:11 +0000 Powering Chaudfontaine with green energy 90491 image/jpeg https://www.ccep.com/system/stories/1781/Chaudfontaine-main.jpg <p>Having only last month secured a position on the <a href="/news-and-events/news/coca-cola-european-partners-awarded-position-on-cdp-2016-climate-a-list">CDP (Carbon Disclosure Project) 2016 Climate A List,</a> we&rsquo;re excited to announce that we&rsquo;ve also been awarded a position on the 2016 Water A List. The list identifies which companies from across the globe are leading the way in sustainable water management.</p> <p>This year, hundreds of companies submitted information for the list with results independently assessed against CDP&rsquo;s scoring methodology &ndash; developed in collaboration with leading peers and experts in corporate water stewardship and its lead scoring partner <a href="http://www.thesouthpolegroup.com/">South Pole Group</a>.</p> <p>The 2016 list features companies that are seen as being on the path to sustainably managing water and is produced at the request of 643 investors with US$67 trillion in assets by CDP. Of the 607 companies that were eligible for a score in CDP&rsquo;s water programme this year, we are among only 24 that have been awarded the A grade.</p> <p>The listing is a result of the hard work we&rsquo;ve undertaken to minimise water impacts in our value chain, establish a water sustainable operation and set the standard for water efficiency. We know that water is one of the world&rsquo;s most precious resources which is why we&rsquo;re taking a holistic approach to water stewardship &ndash; working to protect the future sustainability of water sources and be an efficient user of water.</p> <p>Follow this link to find out more details on the CDP&rsquo;s new report <a href="https://www.cdp.net/en/research/global-reports/global-water-report-2016"><em>Thirsty business: Why water is vital to climate action</em></a>, out today.</p> 31353931-2d4e-6577-7349-74656d2d3135 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-secures-position-on-cdp-2016-water-a-list Tue, 15 Nov 2016 08:29:55 +0000 Coca-Cola European Partners secures position on CDP 2016 Water A List 140784 image/jpeg https://www.ccep.com/system/stories/1591/CDP-A-List-Water-main.jpg <p><strong>LONDON, 10 November 2016 - Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces its interim results for the third-quarter ended 30 September 2016, and affirms full-year 2016 outlook.</strong></p> <p>Highlights</p> <ul> <li>Third-quarter diluted earnings per share were &euro;0.67 on a reported basis or &euro;0.66 on a pro forma comparable basis, including a negative currency translation impact of &euro;0.03.</li> <li>Third-quarter reported revenue totaled &euro;3.0 billion. Pro forma comparable revenue was &euro;3.0 billion, flat vs. prior year, or up 3.5 per cent on a pro forma comparable and fx-neutral basis. Volume increased 3.5 per cent on a pro forma basis.</li> <li>Third-quarter reported operating profit was &euro;405 million; pro forma comparable operating profit was &euro;459 million, up 2.0 per cent or up 7.0 per cent on a pro forma comparable and fx-neutral basis.&nbsp;</li> <li>CCEP affirms its full-year guidance for 2016, including flat revenue growth, modest mid-single-digit operating profit growth, and diluted earnings per share growth in a mid-teen range, all on a pro forma comparable and fx-neutral basis. After including an expected negative currency impact of approximately 4.5 per cent, pro forma comparable diluted earnings per share is expected in a range of &euro;1.86 to &euro;1.90.</li> <li>CCEP remains on track to achieve pre-tax savings of &euro;315 million to &euro;340 million through synergies by mid-2019.</li> <li>Separately today, CCEP announced Damian Gammell will succeed John F. Brock as chief executive officer.</li> </ul> <p>&ldquo;This marks the first full quarter of operation for CCEP since our merger, and we are encouraged by the return to growth in our third-quarter results,&rdquo; said John F. Brock, chief executive officer. &ldquo;These results support the opportunities we see for growth and our long-term outlook for CCEP.</p> <p>&ldquo;We remain focused on successfully integrating the territories of Coca-Cola European Partners, enhancing customer service, realising the synergies we have communicated, and ensuring we capture the growth opportunities in the market,&rdquo; Mr. Brock said. &ldquo;This will enable us to better meet the needs of our customers, serve our communities effectively, and importantly, drive shareowner value.&rdquo;</p> <p><a href="/system/file_resources/1471/2016_CCEP_Third-Quarter_Financial_Report_FINAL.pdf">Please click here to see the 2016 CCEP third-quarter&nbsp;financial report</a></p> <p>&nbsp;</p> 31353131-2d4e-6577-7349-74656d2d3130 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-reports-interim-results-for-the-third-quarter-ended-30-september-2016 Thu, 10 Nov 2016 12:33:37 +0000 Coca-Cola European Partners reports interim results for the third-quarter ended 30 September 2016 185529 image/jpeg https://www.ccep.com/system/stories/1511/__CCEP-JB-main.jpg <p><strong>LONDON, 10 November 2016 &ndash; Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) today announces the appointment of Damian Gammell as the company&rsquo;s Chief Executive Officer, effective 28 December, 2016. He is expected to be appointed to the Board of Directors in December. Gammell will succeed John Brock, who has decided to retire after the successful merger to create Coca-Cola European Partners and a distinguished international career in the consumer goods industry.</strong></p> <p>Gammell is currently Chief Operating Officer of Coca-Cola European Partners. Prior to this, he served as Chief Executive Officer of Anadolu EFES (ticker symbol: EFES), one of the world&rsquo;s largest beverage companies and Chief Executive Officer of Coca-Cola Icecek (ticker symbol: CCOLA), the world&rsquo;s fourth largest Coca-Cola bottler. During his 25-year career with the Coca-Cola system, Gammell served as head of The Coca-Cola Company&rsquo;s operations in Germany and Russia, and worked in parts of Eastern Europe, the Middle East, Asia and Australia.</p> <p>&ldquo;The Board of Directors would like to thank John Brock for his leadership in establishing the strong foundation from which our new business operates,&rdquo; said Sol Daurella, Chairman. &ldquo;John and Damian were both instrumental in the creation of Coca-Cola European Partners. Damian is an exceptional leader who has the vision, experience and dynamism we need to transform and grow the business into the future. Our Board of Directors has every confidence in him and his ability to drive long-term growth and shareowner value. Together, John and Damian will ensure a smooth transition, and we have the right leadership to ensure Coca-Cola European Partners is well placed to realise its potential.&rdquo;</p> <p>&ldquo;The non-alcoholic ready-to-drink beverage category in Western Europe represents significant potential for growth. We have created the platform to capture that opportunity and have already begun to see benefits coming from the merger. I know that with Damian as its leader, the company is ready to build on this momentum and realize the opportunities that lie ahead,&rdquo; said John Brock, Chief Executive Officer.</p> <p>&ldquo;Driven by the needs of our customers and focused on how we serve our local markets, Coca-Cola European Partners will unlock the opportunity that exists in this category and win in Western Europe,&rdquo; said Damian Gammell, Chief Operating Officer. &ldquo;It will be an honour to lead this company and work alongside some of the best people in the business and the world&rsquo;s most loved brands, aligned behind one roadmap for success.&rdquo;</p> 31353031-2d4e-6577-7349-74656d2d3130 https://www.ccep.com/news-and-events/news/damian-gammell-to-succeed-john-f-brock-as-chief-executive-officer-of-coca-cola-european-partners Thu, 10 Nov 2016 12:32:28 +0000 Damian Gammell to succeed John F. Brock as Chief Executive Officer of Coca-Cola European Partners 246432 image/jpeg https://www.ccep.com/system/stories/1501/PRESS_RELEASE_IMAGE_D_SOL_JFB-main.jpg <p>We&rsquo;ve partnered with the world&rsquo;s leading pen manufacturer, STABILO, and German recycling experts Interseroh to create the STABILO Green Boss &ndash; a truly &lsquo;green&rsquo; set of highlighters that are made from 83 per cent recycled plastic.<br /><br />By using &lsquo;Procyclen&rsquo;, a recycled plastic made from Coca-Cola bottle tops developed by Intersoh, it&rsquo;s estimated that emissions of greenhouse gases during the pen&rsquo;s production could be reduced by up to 50 per cent*. This is the first time recycled plastic bottle tops have been used in the manufacture of highlighter casings, despite the quality of the plastic being particularly well suited.<br /><br /><strong>Sanam Moayedi-Stummer, Director of Procurement at Coca-Cola European Partners Germany GmbH, said: </strong>&ldquo;We&rsquo;re always looking for new ways to recycle our plastic bottle tops and we&rsquo;re really excited to be working with STABILO and Interseroh on this project.<br /><br />&ldquo;Packaging is essential to our business, but is often needlessly thrown away and ends up in landfill. We&rsquo;re committed to recycling more packaging than we use and the STABILO Green Boss highlighter is one of many ways we can reduce the amount of waste that goes to landfill.&rdquo;<br /><br />The STABILO Green Boss highlighters will be available in Germany in four colours as part of the collaborative &lsquo;green range&rsquo;, with a number of further products set to follow.<br /><br /><em>*Research conducted by scientists at the Fraunhofer Institute UMSICHT, Germany.</em></p> 31343731-2d4e-6577-7349-74656d2d3031 https://www.ccep.com/news-and-events/news/new-ccep-partnership-highlights-our-recycling-commitment Tue, 01 Nov 2016 10:20:06 +0000 New CCEP partnership highlights our recycling commitment 196204 image/jpeg https://www.ccep.com/system/stories/1471/Stabilo-main.jpg <p>For the first time, Coca-Cola European Partners has been awarded a position on the <a href="https://www.cdp.net/en/info/about-us">CDP (Carbon Disclosure Project)</a> 2016 Climate A List.</p> <p>Every year, this list identifies a select number of companies as global leaders for their actions and strategies in response to climate change.&nbsp;It is referred to by 800 institutional investors with a combined asset base of US $100 trillion as they look to invest in stocks that are managing the risk associated with climate change.</p> <p>Thousands of companies submit annual climate disclosures to CDP, which is an international not-for-profit organisation that drives sustainable economies.&nbsp;We are one of only 193 companies who successfully made the list of leaders in addressing climate change &ndash; and we&rsquo;re especially proud to be one of only 15 businesses from the UK. Among those listed are companies including Unilever, Tesco, Nestl&eacute;, Diageo and Iberdrola.</p> <p>Our inclusion is based on a submission of Coca-Cola Enterprises&rsquo; climate and carbon reduction initiatives in 2015.&nbsp;This includes efforts to measure, reduce and disclose our carbon emissions, to embed climate into our business strategy and to set stretch science-based carbon reduction targets.&nbsp;</p> <p>Joe Franses, VP of Sustainability for Coca-Cola European Partners said: &ldquo;We are delighted to be recognised as one of the world&rsquo;s leading businesses in responding to the global challenge of climate change. This positive result will not stop us continuing to challenge ourselves to set the standard for sustainability both within our industry and beyond.&rdquo;&nbsp;</p> <p>Follow this link to find out more details on the <a href="https://www.cdp.net/en/research/global-reports/tracking-climate-progress-2016">CDP Global Climate Change Report 2016</a>.</p> <p>&nbsp;</p> 31343531-2d4e-6577-7349-74656d2d3235 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-awarded-position-on-cdp-2016-climate-a-list Tue, 25 Oct 2016 09:23:51 +0000 Coca-Cola European Partners awarded position on CDP 2016 Climate A List 281439 image/jpeg https://www.ccep.com/system/stories/1451/CDP_Dse-main.jpg <p>Last month, Coca-Cola European Partners (CCEP) graduates, Louise Pasin and Charlotte Surtees-Chapman, joined 1,300 young leaders at the <a href="https://www.oneyoungworld.com/">One Young World</a> summit in Ottowa, Canada. This annual event for 18-30 year olds is designed to empower the next generation of leaders to make a positive and lasting change to society. Attendees come from all over the world, and from a mix of global and national companies, NGOs, universities and other forward-thinking organisations.<br /><br />Louise and Charlotte, who both work in Public Affairs and Communications at CCEP, share some insights about their experience.<br /><br /><strong><strong>The One Young World experience</strong><em><br /><br /></em></strong><strong>Louise: &ldquo;</strong>With young leaders from 197 countries coming together for four days of meetings and discussion, We met many talented people who showed us how powerful your impact can be when you decide to act. One example is Fran&ccedil;oisRodrigo Le Tiec &ndash; he&rsquo;s just a normal guy but he recently launched his own NGO, <a href="http://www.nuevo-destino.org/">Nuevo Destino</a>, which helps Honduran children in rural areas access education.<br /><br />&ldquo;Climate Change is one of the issues I&rsquo;m most concerned about both in my personal and professional life so &lsquo;the Climate Change&rsquo; session by Mary Robinson (former UN commissioner and President of Ireland) was one of my main highlights. She taught us about the idea of &lsquo;climate justice&rsquo; &ndash; securing justice for the millions of people who are vulnerable to the impacts of climate change and who are often unheard voices.<br /><br /><strong>Charlotte:</strong> &ldquo;It really was life-changing. Delegates came from far and wide and from a range of sectors &ndash; from finance to FMCGs &ndash; providing a platform for very varied conversations. We discussed everything, from what our respective companies do to make a social difference to how we could make a change when we return.<br /><br />&ldquo;YouTube blogger Hussain Manawer was among many speakers who stood out to me. His thought-provoking session on mental health demonstrated how important it is to work together to help every member of society to feel valued and included.&rdquo;<br /><strong><br />Lessons from One Young World<br /><br /></strong><strong>Louise: &ldquo;</strong>Don&rsquo;t be afraid &ndash; believe you can make a change. We need to be optimists and create a world we all want to live in. It means that we have to take actions, get involved in our community and try our best to create a positive impact.&rdquo;&nbsp;<br /><br /><strong>Charlotte:</strong> &ldquo;Never underestimate the power of networking. Working together will help us tackle global issues, so it&rsquo;s important to stay connected to those who share our goals and challenge our thinking.&rdquo;<br /><br />&ldquo;Just because societal issues might not directly affect us, it doesn&rsquo;t mean that we should ignore them. We must remember that all human life is of equal value and we never know what challenges others are facing &ndash; take time to understand. Small step changes and simple acts of kindness will make a difference. I also learned that we shouldn&rsquo;t think like leaders of tomorrow. We are leaders of today, and we can make a difference now.&rdquo;<br /><br /><strong>Key takeaways for our business<br /><br /></strong><strong>Louise:</strong> &ldquo;CCEP is a global company, committed to making an impact in corporate responsibility and sustainability. We should use One Young World as a platform to exchange knowledge and business practices with other high-profile organisations, and tackle problems together.&rdquo;<br /><br /><strong>Charlotte:</strong> &ldquo;We need to ensure that we align our community programmes to real issues that each country is facing. We need to look at how we make a tangible contribution to society.&rdquo;<br /><br />&ldquo;To be part of the solution to global issues, we need to be part of the conversation. One Young World pushes you to think creatively, and on a wider scale. The experience gave me renewed energy and direction to bring back to the business.&rdquo;<br /><br /><br /><img style="float: left; margin-left: 10px; margin-right: 10px;" src="/system/file_resources/1431/charlotte.jpg" alt="" width="200" /><strong>Charlotte Surtees-Chapman</strong> has been at Coca-Cola European Partners for more than three years, and is currently working in the Public Affairs team in Great Britain.<br /><br /><br /><br /><br /><br /><br /><br /><br /><img style="float: left; margin-left: 10px; margin-right: 10px;" src="/system/file_resources/1421/louise.jpg" alt="" width="200" /><strong>Louise Pasin</strong>, has been at Coca-Cola European Partners for more than two years, and is currently working in the Communications team in France.</p> 31343331-2d4e-6577-7349-74656d2d3234 https://www.ccep.com/news-and-events/news/ccep-committed-to-inspiring-future-generations Mon, 24 Oct 2016 15:19:55 +0000 CCEP committed to inspiring future generations 172099 image/jpeg https://www.ccep.com/system/stories/1431/OYW_DOT_COM-list-main.jpg <p>Earlier this week we signed an agreement with Fundaci&oacute;n ESADE, one of the leading business schools in Spain, to create the &lsquo;Coca-Cola Scholarship&rsquo;. The scheme will help talented students, who may otherwise not have the resources, to get funding for their undergraduate studies at the school.<br /><br />Our renewed partnership with Fundaci&oacute;n ESADE forms just a small part of the work we&rsquo;re doing in Spain to help young people get access to education and ultimately find employment.<br /><br />The &lsquo;Coca-Cola Scholarship&rsquo; is also a sign of our ongoing commitment to working with ESADE &ndash; an organisation that shares our vision of improving opportunities for young people through social action.<br /><br />At Coca-Cola European Partners, we are committed to making a positive difference in our communities and supporting young people is a vital part of this. Our partnership with Fundaci&oacute;n ESADE sits alongside initiatives like Passport to Employment in France and <a href="http://www.jinc.nl/english">JINC</a> in the Netherlands as a collaboration that nurtures talent and increases the employability and aspirations of youth from disadvantaged areas.</p> 31343031-2d4e-6577-7349-74656d2d3134 https://www.ccep.com/news-and-events/news/coca-cola-european-partners-collaborates-with-esade-to-provide-scholarships-for-talented-students-in-spain Fri, 14 Oct 2016 11:04:20 +0000 Coca-Cola European Partners collaborates with ESADE to provide scholarships for talented students in Spain 200851 image/jpeg https://www.ccep.com/system/stories/1401/ESADE-main.jpg