Meeting with analysts and international investors in Barcelona
coca-cola-european-partners
Coca-Cola European Partners, the Coca-Cola in thirteen European countries as a result of the merger completed in May Coca-Cola Iberian Partners with Coca-Cola Enterprises and the German Coca-Cola Erfischingsgetränke, held tomorrow and Wednesday in Barcelona a meeting with analysts and international investors. The event is part of the group’s activities to publicize the evolution of business and also serve to show the Spanish market opportunities for the company, according to the group. Investors and analysts guests visit the plant Martorelles.
Sol Daurella, president of Coca-Cola European Partners, will act as host of an event that will also feature the presence of John F. Brock, CEO; Daniel Gammell, chief operating officer, and Nik Jhangiani, CFO of the company. The meeting brings together some forty people, investors and analysts representing investment banks and funds from European and American investment. This will be the second big event of the company in Spain, after the IPO ceremony in Madrid in June.
Coca-Cola European Partners is based in London but remains operational, management and taxation locally in each region: Iberia, France, Germany, UK and Nordics. The seven Spanish families joined its bottlers in Iberian (led by Daurella, Cobega) control 34% of the new company; The Coca-Cola Company (which owned the German bottler) 18%, and the rest traded, as did Coca-Cola Enterprises. Now PECC, which is the largest independent bottler of Coca-Cola Net income, listed on the Madrid, New York, London and Amsterdam.
Coca-Cola Bottling European Partners is resulting from the merger of three companies that was completed last May, so the company offers proforma figures-comparable with the results obtained by the member firms the same period of the previous year. In the first half, it earned a net book profit of 210 million euros (-11.5%) but on a comparable pro forma basis would be higher (405 million), an increase of 10%, according to results presented last week.
