The Coca Cola Company has reported a 2% growth in volumes in 2013, with growth slipping to 1% in Q4, although full-year net revenues fell 2%.
New revenues for the forth quarter fell 4% and operating income fell 5% for the full year and 4% for Q4.
In Europe, volumes fell 1% in the year, although revenues grew 4%
Full-year reported EPS was $1.90, down 3%, and comparable EPS was $2.08, up 3%.
Muhtar Kent, chairman and chief executive of the Coca-Cola Company, said: “2013 was marked by ongoing global macroeconomic challenges in many markets around the world.
“And while our business was not immune to these pressures leading to moderated global volume growth, we delivered sound financial results in line with our long-term profit targets and gained global value share in total nonalcoholic ready-to-drink beverages as well as global volume and value share in core sparkling and still beverages for the year.
“While we move forward in what remains an uncertain global economy, the long-term fundamentals driving our business and industry have not changed.
“A rising middle class, greater urbanisation and increasing personal consumption expenditures in markets around the world will continue to drive greater demand for our beverages as consumers look for moments of refreshment. As we work to restore momentum in our business during 2014, we see many reasons to believe we can accelerate our growth and achieve our 2020 Vision.
“We are committed to accelerating marketing investments in our brands, further advancing our innovation strategies and maximizing productivity and reinvestment for growth. All of us at the Coca-Cola Company remain resolute in our commitment to deliver results in line with our long-term growth model and 2020 vision for sustainable value and success.”
