Coca-Cola Europacific Partners has seen operating profit increasing by 6.1 per cent to £8.6bn year-on-year.

The company’s revenue went up by 4.4 per cent to around £9.2bn, driven by “continued focus on innovation in the zeros”. The first-half volumes also increased by 10 per cent.

In the European region, revenue increased by 1.3 per cent due to promotional activities; a positive brand mix, and headline price increases.

The first-half revenue growth was driven by a headline price increase, French sugar tax and a positive mix which was driven by Monster and growth in small packs.

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Damian Gammell, CEO of CCEP, said: “Our performance reflects the strength of our broad beverage portfolio, the consumer demand for value and the relevance of our innovation across faster-growing categories such as zero sugar, energy and hydration, supported by quality in-market execution and exciting activations including the FIFA World Cup.

“While the consumer environment remains challenging, and the full impact of the ongoing situation in the Middle East remains uncertain, our first-half performance demonstrates the resilience of our business and the strength of our growth model.

“We are actively managing pricing, promotions, discretionary spend and efficiencies, alongside record investment, with a focus on AI, technology and our supply chain, to drive future growth.”

Moving forward, the company has maintained its future guidance and expects a revenue growth of between 3 per cent and 4 per cent.