In addition, the company increased its full-year 2010 earnings per share guidance for the existing company to a range of $1.78 to $1.82, including a negative currency impact of approximately seven cents at current levels.
On a long-term basis, new CCE’s objectives are to achieve these comparable and currency neutral growth rates:
“These metrics reflect the solid growth opportunity that lies ahead in Europe,” said John F Brock, chairman and CEO. “They exceed our current long-term objectives. We’re committed to these financial objectives and, in turn, to creating real value for our shareowners, our customers and our employees.”
For 2011, earnings per share will likely exceed long-term objectives as a result of share repurchase activity.
Read the full Coca-Cola Enterprises press release at this link.
Source: Coca-Cola Enterprises
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