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Coca-Cola Enterprises reports $106m net income
Coca-Cola Enterprises has reported first quarter 2010 net income of $106m, or 21 cents per diluted common share.
After adjusting for items affecting comparability, net income totalled $138m, or 27 cents per diluted common share. Comparable EPS results include a currency benefit of approximately 1 cent.
First quarter results reflect solid operating income growth in Europe driven by a combination of pricing and volume growth.
In North America, overall operating conditions remained soft, though performance trends showed improvement through the quarter. In the quarter, total revenue declined 1½% while consolidated comparable operating income increased 9½%.
Source: Coca-Cola Enterprises
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