Coca-Cola European Partners Expects 2016 EPS Growth In Mid-teen Range

(RTTNews) - Coca-Cola European Partners (CCE) announced, for 2016, the company expects growth of net sales in a modest low single-digit range, operating income in a modest mid-single-digit range, and earnings per share in a mid-teen range, all on a comparable and currency-neutral basis.

The company said, in addition to operating income growth, full-year 2016 earnings per share growth is benefitting from differences in interest and tax rates between comparable 2015 figures and 2016 outlook. The company does not expect to repurchase shares in 2016.

Coca-Cola European Partners plc is a leading consumer packaged goods company in Europe, producing, distributing and marketing an extensive range of nonalcoholic ready-to-drink beverages and is the world's largest independent Coca-Cola bottler based on net sales.