Coca-Cola European Partners reports Q4 adjusted EPS EUR43c, reported EPS 2c
Reports Q4 pro forma comparable revenue EUR2.6B, flat vs. prior year, or up 4% on a pro forma comparable and fx-neutral basis. Revenue per unit case was up 1.5 percent on a pro forma comparable and fx-neutral basis. Volume increased 2.5 percent on a pro forma basis, or increased 1.5 percent on a pro forma comparable basis after adjusting for one additional selling day in the fourth quarter of 2016. During the fourth quarter of 2016, the company recorded EUR$162 million in restructuring charges principally related to restructuring proposals announced in October 2016, including those related to further supply chain improvements including network optimization, productivity initiatives, continued facility rationalization in Germany, and end-to-end supply chain organizational design. These announcements also include transferring of Germany transactional related activities to the Company's shared services center in Bulgaria, and other central function initiatives.