Coca-Cola Co., the largest Coca-Cola bottler, increased its sales by 19% due to new beverage varieties and announced a record dividend. As of September, the two countries that are considered the best destinations for tourists to spend a few days were Spain and Portugal, due to the recovery of their income, to the point of being the first two places in this category.
Specifically, Coca-Cola Europacific Partners, the largest bottler of the U.S. soft drink brand, recorded sales of 13,025 million euros in the first nine months of the year. Earnings were 19% higher than in the same period of the previous year, and the company announced a record dividend after revising its full-year forecast upwards. Iberia, which groups Spain, Portugal and Andorra, is the market that has grown the most, by 25.5% to 2,341 million, driven by the strong recovery in tourism and the good weather.
The company chaired by the Spanish Sol Daurella thus consolidates the recovery initiated in 2021, after a 2020 in decline due to the restrictions caused by the pandemic. Coca-Cola Europacific Partners will pay a dividend of 1.12 euros for the second half of the year on December 7. Thus, annual shareholder remuneration will increase by 20% in 2022 compared to the previous year, to 1.68 euros, which is a record for the company.
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