Investor Relations

Europe, Middle East & Africa

~2.1 Billion Consumers Across ~120 Markets

~2.1 Billion Consumers Across ~120 Markets

The Coca-Cola Company’s Europe, Middle East & Africa segment features ~120 markets and ~2.1 billion consumers with ~$390 billion in industry retail value.

At-A-Glance

~2.1 billion consumers

~$390 billion in industry retail value

~30% Reported NARTD value share

Organic Revenue Growth (Non-GAAP)

Comparable Currency Neutral Operating Income Growth (Non-GAAP)

Non-GAAP Reconciliation available in Non-GAAP Reconciliations And Supplemental Financial Information section of the website under the Financial Info Tab

Sources: Value Share: Source for industry retail value and share is internal estimates. All numbers are 2023, unless otherwise noted.
Population Source: (UN 2023). Number of consumers represent individuals > 12 years.

Key Bottlers

Coca-Cola Europacific Partners
CCI Logo
Coca-Cola Hellenic Bottling Company
Coca-Cola Beverages South Africa

2023 Unit Case Volume by Operating Unit

2023 Unit Case Volume by Category

Value Share Position

#1

Sparkling Soft Drinks

#3

Juice, Value-Added Dairy & Plant-Based Beverages

#3

Water and Sports Drinks

#2

Tea and Coffee

#2

Energy

Source: GlobalData (2023).
Energy brands are owned by Monster Beverage Corporation in which TCCC has a minority investment.

2023 Highlights

  • We grew value share in total NARTD for the full year, led by share gains in Türkiye, Nigeria and Germany.
  • The Coca-Cola system again delivered the highest incremental retail value in Europe and consistently recruited new households, primarily driven by trademark Coca-Cola.
  • In Africa, full-year volume growth was the strongest amongst the EMEA operating units as a disciplined focus on in-market execution drove volume acceleration as the year progressed.