Coca-Cola Europacific Partners plc
Coca-Cola Europacific Partners plc bottles, distributes, and sells Coca-Cola branded and other non-alcoholic beverages across a broad European and Asia-Pacific footprint. The company operates as a large-scale beverage bottler and route-to-market partner, linking global brand ownership with local manufacturing, logistics, and customer service across 31 countries.
Fiscal year 2025 · change from previous year
Development 2022–2025
Business
Share of revenueCoca-Cola, sparkling flavors, and other fizzy beverages sold in multiple pack formats.
Juices, teas, waters, energy drinks, and other non-carbonated drinks.
Packaged still and sparkling water products sold through retail and foodservice channels.
Beverage supply and refrigeration support for restaurants, cafés, and vending outlets.
Warehousing, delivery, merchandising, and outlet execution services supporting sales.
Customers
The company sells to a mix of retail chains, convenience stores, horeca customers, and other on-premise outlets that stock branded beverages for end consumers. It also serves thousands of smaller customers through a direct route-to-market model, which is important because product availability, shelf placement, and cold-drink execution drive beverage volumes. The customer base is broad and geographically dispersed, spanning nearly 4 million customers across 31 countries.
Buyers of multi-pack and single-serve beverages for take-home consumption and shelf display.
High-frequency outlet customers that purchase chilled and impulse beverage formats.
Restaurants, cafés, hotels, and pubs buying beverages for on-premise consumption.
Small shops and local accounts served through direct distribution and merchandising.
Households and consumers who ultimately drive demand for the branded beverage portfolio.
Strategy
The company’s strategy is built around scale manufacturing, brand execution, and close customer coverage across its territory. Its business model depends on keeping beverages available, visible, and chilled at the point of sale while using local market knowledge to tailor pack formats and channel execution. Multi-country breadth also supports purchasing, production, and logistics efficiency across a fragmented route-to-market network.
Beverage demand depends on shelf availability, cold placement, and merchandising.
Large delivery networks and bottling assets are central to cost and service reliability.
A wider portfolio reduces reliance on any one drink format or occasion.
Geography
CCEP operates across 31 countries, with a footprint spanning Europe and the Asia-Pacific region. Its principal executive office is in the United Kingdom, and the company is listed on multiple exchanges including Amsterdam, London, Nasdaq, and Spanish markets. Geography matters because beverage demand, packaging mix, regulation, and route density vary by country, while local bottling and distribution assets anchor customer service.
Risks
The company is exposed to consumer demand shifts, packaging and commodity input costs, and execution risk in a large direct distribution network. As a multinational beverage bottler, it also faces regulatory, currency, and supply-chain complexity across many jurisdictions, while any decline in premium brand demand or outlet access can quickly affect volumes.
- Route-to-market executionImpact: HighLikelihood: High
The business depends on reliable delivery, merchandising, and outlet coverage.
Exposure: Direct store delivery network
- Consumer demand and mix shiftImpact: HighLikelihood: Medium
Volumes depend on brand preference, pricing, and channel traffic across many occasions.
Exposure: Carbonated and still beverages
- Input cost inflationImpact: HighLikelihood: Medium
Packaging, ingredients, energy, and freight are major cost drivers in beverage bottling.
Exposure - Foreign exchange and cross-border complexityImpact: MediumLikelihood: High
A multi-country footprint creates translation and operating volatility.
Exposure: 31-country footprint
- Regulatory and packaging rulesImpact: MediumLikelihood: Medium
Sugar taxes, recycling rules, and labeling requirements can affect portfolio economics.
Exposure: Europe and Asia-Pacific
Accounting
Judgemental itemsNet sales depend on delivery terms, promotions, and customer deductions.
Impact: Can shift reported revenue and margins by channel and period
Beverage consumption typically varies by weather and holiday periods.
Impact: Quarterly results may not be directly comparable
Distribution centers, bottling sites, and vehicle fleets often involve leases.
Impact: Affects assets, liabilities, and operating expense presentation
Bottling assets and goodwill require periodic review for recoverability.
Impact: Can create non-cash charges if assumptions weaken
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Last updated: 28/09/2026