Coca-Cola Zero Sugar has driven revenue growth for Coca-Cola European Partners (CCEP). The company reported a 4 per cent increase in revenue in 2018 to €11.5 billion ($13bn), while comparable operating profit grew by 7 per cent to €1.6bn ($1.8bn).
Volume of Coca-Cola Zero Sugar grew by 11 per cent in 2018. Meanwhile, CCEP’s Fanta, Schweppes and energy brands all performed well. In addition, 12 months on from its European launch, Fuze Tea is now the number two ready-to-drink tea brand across CCEP’s markets.
“After our first two years as Coca-Cola European Partners, we continue to build a company based on three pillars: great beverages, great service and great people,” said Damian Gammell, CCEP’s chief executive.
“We continue to expand our total beverage portfolio while investing in core capabilities that will drive sustainable success, underpinned by our sustainability action plan ‘This is Forward’,” he added. “We are already leading the way on carbon and water and making good progress on packaging, but we know we need to do more.”