Coca-Cola European Partners reports Q4 EPS comparable basis EUR0.49
Fourth-quarter 2017 diluted earnings per share were EUR0.49 on a comparable basis. Currency translation had a negligible impact on fourth-quarter comparable diluted earnings per share. Fourth-quarter reported operating profit totalled EUR$198M, up 50% versus prior year. Comparable operating profit was EURO$341M, up 9.5%, or up 10% on a comparable and fx-neutral basis. Fourth-quarter 2017 reported revenue totalled EUR$2.7B up 3.5%, or up 4% on a comparable and fx-neutral basis. Revenue per unit case was up 3% on a comparable and fx-neutral basis driven by favourable price, promotion and channel mix. Fourth-quarter volume increased 0.5% on a comparable basis, reflecting solid field sales execution and the benefits of marketing and brand initiatives.