Coca-Cola Enterprises Affirms 2015 Profit Guidance - Quick Facts

(RTTNews) - Coca-Cola Enterprises Inc. (CCE) affirmed its profit guidance for 2015, including comparable and currency-neutral diluted earnings per share growth at the upper end of the range of 6 percent to 8 percent, with slightly positive operating income growth and flat to slightly negative net sales growth.

"We will continue to manage each element of our business to deliver against our outlook for the year, even as we prepare for the launch of Coca-Cola European Partners in the second quarter of next year," said John Brock, chairman and chief executive office.

Based on recent rates, currency translation would negatively impact full-year 2015 diluted earnings per share by approximately 18 percent.

Net sales growth for 2015 is now expected to be flat to slightly negative, both on a comparable and currency-neutral basis.

The company expects 2015 free cash flow in a range of $600 million to $650 million including the expected negative impact of currency translation based on recent rates. Capital expenditures are expected to be approximately $325 million.