The American soft drinks manufacturer The Coca-Cola Company has obtained a net attributable profit of 2,331 million euros (2,607 million dollars) in the second quarter of 2019, representing an increase of 12.6% compared to its result The same period of the previous year, the multinational company has informed, which has also revised its forecasts for the year as a whole.
Coca-Cola's net operating income between April and June has reached 8,939 million euros (9,997 million dollars), 6.1% above the turnover recorded a year earlier, while its operating result has grown by 8%, up to 2,672 million euros (2,988 million dollars).
The multinational has highlighted the performance of "Coca-Cola Zero Sugar", which has recorded in the second quarter the seventh double-digit growth of its volumes globally.
The revenues of the Atlanta company in the second quarter have fallen 4% in Europe, Africa and the Middle East (EMEA), while they have fallen 3% in Latin America. In contrast, Coca-Cola's revenues have increased 3% in North America and 2% in Asia Pacific.
Thus, in the first half of 2019 the company has recorded a net attributable profit of 3,831 million euros (4,285 million dollars), 16.3% more, while its revenues increased 5.5%, to 9,997 million dollars (8,939 million euros).
For the president and CEO of the company, James Quincey, "our strategy to transform ourselves as a total beverage company has allowed us to continue winning in a growing and vibrant industry."
For the year as a whole, Coca-Cola has revised upwards its forecast of organic sales growth, up to 5%, compared to the previous 4%, while confirming that it expects to account for a profit per share that will be 1% greater or less than the $ 2.08 of 2018 in comparable terms of current operations. . (tagsToTranslate) quarterly (t) cocacola (t) results