--Coca-Cola's European business was targeted by a European Commission antitrust raid earlier this month, Bloomberg says, citing unnamed sources.
--The people didn't specify whether the officials were inspecting the company's main business or its bottling partners, Bloomberg reports.
--The European Union's executive arm said on March 10 that it is carrying out inspections at premises of nonalcoholic drinks companies in several member states over potential violations of competition law, Bloomberg reports.
--Neither Coca-Cola nor its European bottling partners Coca-Cola HBC and Coca-Cola Europacific Partners Plc responded to requests for comment, according to Bloomberg.
The Coca-Cola Company is the world's leader in the production and marketing of non-alcoholic beverages. Net sales break down by activity as follows:
- sale of beverage concentrates and syrups (58.9%);
- bottling and sale of beverages (41.1%): sparkling soft drinks (Coca-Cola, Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes, Sprite and Thums Up brands) water, sports drinks, coffee and tea (Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, do?adan, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater,
Gold Peak, I LOHAS, Powerade, and Topo Chico), juices, dairy and plant-based beverages (Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, and Simply).
At the end of 2024, the group had 112 production sites worldwide.
61% of net sales are abroad.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
