Coca-Cola Europacific Partners (EP), the largest bottler of the soft drink company, will join the Nasdaq 100, the stock index that includes the 100 companies with the largest capitalization listed on the Nasdaq US electronic market. Unlike other indices, there are no financial values ??in the Nasdaq 100 and it is focused on technological values.
The company chaired by Sol Daurella closed the December 8 session with a capitalization of more than $29 billion on the Nasdaq. Its presence in the new index will become effective as of December 18. Along with Coca-Cola Europacific Partners, the Nasdaq 100 will add five more companies to its membership: CDW Corporation, DoorDash, MongoDB, Roper Technologies and Splunk.
From the bottling company they appreciated that the inclusion comes “at the end of a solid year, which reflects the continued strength and attractiveness of our great brands, solid execution in the market and strong relationships with customers.”
The Nasdaq 100 brings together the companies with the best performance in their sectors that are already on the Nasdaq. In addition to the American Nasdaq, Coca-Cola EP is present on the London Stock Exchange (LSE), the Euronext Amsterdam (AEX) and the Spanish Stock Exchanges (MADX).
“This comes as we continue to see strong financial performance across our business, reinforced by our recent third quarter business update,” they add from Coca-Cola EP.
The company achieved global revenues of 13,784 million euros during the first nine months of this year, 6% more than the same period in 2022, despite registering a 1% drop in volume, as reported last month.
The largest decrease in volumes was in the Oceania market (-6%), while in Europe growth was flat. Profits per box/unit sold, on the other hand, grew by 9.5% due to the rise in prices. The market of Spain, Portugal and Andorra reported 2,570 million euros, 10% above 2022. The good results in this region of Coca-Cola Zero Sugar, Sprite and Monster stood out, while Royal Bliss achieved double-digit growth ( 43%), supported by launch in Portugal.
It recently reached a definitive agreement to purchase a majority stake in the Philippine bottler. The operation was announced in August and values ??the company at 1.8 billion dollars, about 1.64 billion euros, debt-free. Coca-Cola EP takes over 60% of the capital and the remaining 40% remains in the hands of the Philippine group Aboitiz Equity Ventures.
