SECURITY: CCE (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Indice: DOW
JONES
Coca-Cola Enterprises Inc.
(NYSE: CCE) is the world's largest marketer, distributor, and producer
of bottle and can liquid nonalcoholic refreshment. Coca-Cola Enterprises
sells approximately 80 percent of The Coca-Cola Company's bottle and can
volume in North America and is the sole licensed bottler for products of
The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg,
Monaco, and the Netherlands.
THE
COCA-COLA COMPANY TO ACQUIRE GLACÉAU, MAKER OF VITAMINWATER, FOR
$4.1 BILLION
Gives
Coca-Cola North America a Leading Brand in Fast-Growing Enhanced Water
Category
Transaction
to be Accretive to Coca-Cola Earnings Per Share in First Full Year
Glacéau
to Operate as Separate Business Unit within Coca-Cola North America
ATLANTA
and WHITESTONE, NY, May 25, 2007 - The Coca-Cola Company today
announced that it has reached an agreement to acquire Energy Brands, Inc.,
known as glacéau, and its full range of fast-growing, enhanced water
brands, including vitaminwater. The acquisition, for $4.1 billion in cash,
provides The Coca-Cola Company with a strong platform to grow its active
lifestyle beverages.
The
transaction is expected to be accretive to The Coca-Cola Company's earnings
per share in the first full year following completion of the acquisition.
"We welcome vitaminwater, the icon of active lifestyles, to Coca-Cola,
the ultimate and enduring icon of refreshment," said Neville Isdell, chairman
and chief executive officer of The Coca-Cola Company. "Glacéau has
built a great business with high-quality growth, as well as a strong pipeline
of innovative products and brands. We envision even faster growth for glacéau
as part of Coca-Cola's enhanced range of brands for North American customers
and consumers. We will manage this opportunity in a way that delivers attractive
returns for our shareowners and also appropriately benefits our system,"
Mr. Isdell concluded.
"This
is an outstanding opportunity for both of our companies to build an expanded
active lifestyle business, first in the United States and then around the
world," said Muhtar Kent, president and chief operating officer of The
Coca-Cola Company. "It sharpens even further our existing focus on re-establishing
sustainable growth in our home market, strengthening our system, and leveraging
acquisition opportunities to gain speed and capabilities in key categories.
We're committed to winning by reigniting growth in our core business of
sparkling beverages while becoming the fastest-growing still beverage company
in North America. I am confident we have the strategy, focus and leadership
team in North America to deliver on that promise.
"Glacéau
and its brands also provide us with highly attractive longer-term international
opportunities," Mr. Kent added. "We look forward to discussing with glacéau's
distributors and our bottling partners the best operating model for glacéau's
routes-to-market."
THE
COCA-COLA COMPANY ACQUIRES FULL OWNERSHIP OF PHILIPPINES BOTTLER FROM SAN
MIGUEL CORPORATION
ATLANTA,
February 21, 2007 - The Coca-Cola Company and San Miguel Corporation
jointly announced today that The Coca-Cola Company has acquired San Miguel's
65% shareholding in Coca-Cola Bottlers Philippines, Inc. (CCBPI). CCBPI
also owns Cosmos Bottling Company and Philippine Beverages Partners, Inc.
San Miguel Corporation was previously the majority shareholder of CCBPI
and had management control of the bottler.
The
Coca-Cola Company now has full ownership of CCBPI. The total consideration
of the transaction is US$590 million.
"Our
partnership with San Miguel Corporation over the years has been extremely
important to our business in the Philippines. We are grateful to San Miguel
Corporation for its continuing support of our long-term commitment to the
Philippines, and we look forward to continued cooperation with San Miguel,
who will remain a key supplier to our business," said Muhtar Kent, president
and chief operating officer of The Coca-Cola Company.
THE
COCA-COLA COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2006 RESULTS
Worldwide unit case volume
up 4 percent for the fourth quarter and the year, at the top end of the
Company's long-term growth targets.
Balanced growth in the year
with sparkling beverage unit case volume up 4 percent, the highest growth
since 1998, and still beverage unit case volume up 7 percent.
International unit case volume
up 6 percent for the quarter and the year, led by 5 percent growth in Trademark
Coca-Cola.
Full year EPS of $2.16 up
6 percent; and $2.37 up 9 percent after considering items impacting comparability.
Atlanta, February 14, 2007
- The Coca-Cola Company today reported full year earnings per share of
$2.16, which included a net charge of $0.21 per share. Full year earnings
per share increased 6 percent on a reported basis and 9 percent after considering
items impacting comparability. The net charge for the year was primarily
related to a non-cash impairment charge at Coca-Cola Enterprises Inc. ("CCE"),
an equity investee. Full year 2005 earnings per share were $2.04, which
included a net charge of $0.13 per share.
Earnings per share for the
fourth quarter were $0.29, which included a net charge of $0.23 per share.
Fourth quarter earnings per share decreased 19 percent on a reported basis
and increased 13 percent after considering items impacting comparability.
The net charge for the quarter was primarily related to the non-cash impairment
charge at CCE. Fourth quarter 2005 earnings per share were $0.36, which
included a net charge of $0.10 per share. (A reconciliation is provided
on pages 21 and 22 of this release.)
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