Business Context and Reporting Period
Company: Coca-Cola Europacific Partners Plc (CCEP)
Filing Date: March 05, 2025
Reporting Period: Current announcement (No financial reporting period covered)
Business Overview: CCEP is a leading consumer goods company operating in the non-alcoholic ready-to-drink market across 31 countries in Western Europe, Australia, the Pacific, and Southeast Asia. The company serves nearly 600 million consumers and over 4 million customers.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate announcement regarding index inclusion and does not contain financial statements or performance data.
Material Changes
- Index Inclusion: FTSE Russell confirmed CCEP will be included as a constituent of the FTSE 100 and FTSE All Share Indices effective from the close of business on Friday, March 21, 2025.
- Nationality Assignment: On February 5, 2025, FTSE Russell assigned a UK nationality to CCEP for FTSE UK Index Series eligibility.
- Listing Transfer: On November 15, 2024, the Financial Conduct Authority (FCA) approved CCEP's transfer of listing to the Equity Shares (Commercial Companies) category of the Official List.
Guidance, Outlook, and Management Commentary
Management Commentary:
Chair Sol Daurella described the admission to the FTSE 100 as a significant milestone reflecting the company's commitment to the British market and confidence in its future. CEO Damian Gammell noted that the inclusion follows a "solid year of delivery in 2024," citing the strength of the business, people, brands, and execution across 31 markets. Management expects the move to make CCEP accessible to more investors.
Risks and Contingencies:
The filing includes a standard forward-looking statements disclaimer. Risks that could cause actual results to differ materially include changes in the marketplace, relationships with large customers, adverse weather, importation of competitors' products, economic and political conditions, raw material costs, interest rates, tax law changes, regulatory responses to climate change, cyberattacks, and litigation.
Investor Verification Checklist
- Verify the effective date of FTSE 100 inclusion (March 21, 2025) for trading and index fund rebalancing purposes.
- Confirm the company's current listing status on the London Stock Exchange following the FCA-approved transfer.
- Review the 2024 Annual Report (referenced by management as a "solid year") for specific financial performance metrics not included in this filing.
- Monitor the "Risk Factors" section of the 2023 Annual Report on Form 20-F for detailed disclosures on operational and regulatory risks.