Coca-Cola Enterprises Delivers First-Quarter 2003 Volume Growth of 2 1/2 Percent; Management Affirms Full-Year 2003 Financial Outlook.Business Editors ATLANTA--(BUSINESS WIRE)--April 2, 2003 Coca-Cola Enterprises Coca-Cola Enterprises NYSE: CCE is the largest bottler by volume in the Coca-Cola System. It is the anchor bottler for North America and parts of Europe. The company is the bottler of Coca-Cola and its other soft drink products, and in some areas a few other soft drink will report today at a meeting with analysts and investors that first-quarter 2003 volume increased approximately 2 1/2 percent versus comparable prior year results. This increase was comprised of growth in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. of approximately 1 1/2 percent and European growth of approximately 5 1/2 percent. Chief Financial Officer Patrick J. Mannelly and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Group President David Van Houten, Jr. also will affirm the Company's full-year target for diluted earnings per common share of $1.15 to $1.22 in their presentation at the CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank Global Beverages and Tobacco Conference. "We are pleased with the improved balance of North American pricing and volume growth we achieved, despite a difficult first quarter operating environment," said Mr. Van Houten. "We remain encouraged that we will accelerate the pace of this improvement in the months ahead as we work to achieve our full-year financial targets." The presentation will be webcast live at 2:35 p.m. (ET) through the Company's Web site at www.cokecce.com. Coca-Cola Enterprises will release first quarter 2003 results on Wednesday, April 23, 2003. Coca-Cola Enterprises Inc. (NYSE NYSE See: New York Stock Exchange : CCE CCE Cornell Cooperative Extension CCE Corporate and Continuing Education CCE Coca-Cola Enterprises Inc. CCE Commission de Coopération Environnementale CCE Centre for Continuing Education CCE College of Continuing Education CCE Certified Computer Examiner ) is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic non·al·co·hol·ic adj. A beverage usually containing less than 0.5 percent alcohol by volume. refreshment. Coca-Cola Enterprises sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands. Forward-Looking Statements Included in this news release are several forward-looking management comments and other statements that reflect management's current outlook for future periods. As always, these expectations are based on the currently available competitive, financial, and economic data along with the Company's operating plans and are subject to future events and uncertainties. The forward-looking statements in this news release should be read in conjunction with the detailed cautionary statements found on page 73 of the Company's 2002 Annual Report. |
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