Ccep Upgrades Full Year

Coca-Cola EU Partners has upgraded its full-year outlook as the company nears completion of its first calendar year. The bottler, which was formed by a merger between Coca-Cola Enterprises (CCE) and two other EU-based Coca-Cola bottlers June 2016, said it expects sales for the 12 months to the end of the year to grow by 1% on a proforma and FX-neutral basis. Expectations of mid-single-digit operating profits growth remain the same. For its 2017 outlook CCEP predicted modest low single-digit sales growth, with operating profit to be up high single digits.