The European market is fizzing for Coca-Cola Enterprises; the soft drink bottler has just reported the highest earnings in its history.
Profit in the final three month of last year was the equivalent of 80 million euros.
That compares with a loss of just over one billion euros in the period one year earlier though that was due to exceptional one-off items
Coca-Cola Enterprises, which bottles and distributes Coca-Cola and Sprite, Minute Maid juice and Powerade sports drinks, said volume growth in Europe offset a decline in sales in North America.
It was up six percent in Europe, but fell three percent in the US and Canada.
One day before, the bottler’s largest shareholder and supplier – Coca-Cola – reported better than expected sales growth, helped by strength in emerging markets – particularly China, India and Brazil.