date:Jul 24, 2012
Appalling weather in parts of Europe may have masked the soft drinks industry's longer-term economic problems, according to the head of Coca-Cola Enterprises (CCE).
The continent's rainfall in the past four months has been the worst imaginable, CCE's CEO John Brock told investors in a conference call today (23 July). Brock partly blamed the weather for CCE earlier today posting a 10% net profit drop in the first six months of the year compared to a year earlier.
Q2 volumes dropped 6%, but the