04/25/2024 | Press release | Distributed by Public on 04/25/2024 00:40
Today we published our trading update for the first quarter of 2024. We have had an encouraging start to the year, built on our great brands, great people and great execution.
We reported good revenue growth and value share gains both in-store and online. Our Australia, Pacific and Southeast Asia business unit delivered strong volume growth - adjusted comparable volume grew 8.1% vs 2023 in the region, while volume declined in Europe (-1.4%) following a strong Q1 last year.
Our great brands continued to perform well. Coca-Cola Classic grew 4.4% and Sprite grew 8.7%, thanks to great execution across all key markets and strong consumer demand. Powerade drove 4.3% growth in the sports category.
See some more highlights from the quarter below or read the full update, including footnotes, here.
Adjusted Comparable | |||
Revenue | Volume (uc) | Revenue Per UC | |
Q1 2024 | €4,733m | 930m | €5.14 |
Change vs Q1 2023 | 5.3% (FXN) | 2.0% | 3.4% |
For footnotes and forward looking statements, please see our full trading update here.
Chief Executive Offier