India, Aug. 6 -- Shares of Coca-Cola Europacific Partners PLC (CCEP,CCEP.AS) were losing nearly 12 percent in the Amsterdam trading as well as in pre-market activity on the Nasdaq, after the company trimmed its fiscal 2025 revenue forecast, despite reporting higher first-half results.
The outlook revision mainly reflects a weaker consumer backdrop in Indonesia.
For fiscal 2025, the company now expects revenues to grow around 3 percent to 4 percent on an adjusted comparable & FX-neutral basis, while previous outlook was a growth of around 4 percent.
The company continues to expect annual operating profit growth of around 7 percent.
In the first half, profit before taxes grew to 1.26 billion euros from last year's 1.05 billion euros. Earn...