Coca-Cola Enterprises Updates Full Year Outlook (CCE)

Coca-Cola Enterprises CCE is out with their 2010 yearly outlook this afternoon before an analyst presentation at the Deutsche Bank Global Consumer Conference in Paris. The company said full-year EPS will grow in a range of 10-12% in 2010, on a comparable and currency neutral basis. At current FX rates, currency is now expected to have a negative full-year impact of approximately $0.10 on comparable EPS. CEO John Brock said, “A strong first quarter, coupled with positive second quarter trends, in-line expectations in North America and a modestly improving outlook in Europe, give us increased confidence in the full year outlook," adding, “Outstanding field level execution of key strategies and initiatives is helping counter persistent economic weakness in our territories." The public can access the presentation by Chairman and Chief Executive Officer John F. Brock live via the company's website, www.cokecce.com, on June 16, at 10 a.m., EDT. Coca-Cola Enterprises Inc. is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. CCE 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. For more information about our company, please visit our website at www.cokecce.com.