Coca-Cola Enterprises, Inc. (NYSE/Euronext Paris: CCE) today reported full-year 2013 earnings per diluted share of $2.44, or $2.51 on a comparable basis.

Reported operating income for the year totaled $914 million; comparable operating income totaled $1.05 billion, up 3 percent, or up 1½ percent on a comparable and currency neutral basis versus a year ago. Currency translation had a positive impact of approximately 4 cents on full-year comparable earnings per diluted share. Items affecting comparability are detailed on pages 10 through 13 of this release.

“Throughout 2013, we continued to make important progress on delivering long-term, profitable growth as we worked through challenging marketplace and macroeconomic conditions,” said John F. Brock, chairman and chief executive officer. “We achieved solid earnings per share growth, modest growth in both currency neutral net sales and operating income, and strong free cash flow, demonstrating our ability to manage successfully each of the levers of our business.

“Over time, we remain confident in our ability to continue to grow by creating and capturing the opportunities in the expanding nonalcoholic ready-to-drink beverage category, ultimately reaching our most important goal – creating value for our shareowners.”

OPERATING REVIEW

For the full year, sparkling drinks grew approximately ½ percent, with growth of ½ percent for Coca-Cola trademark brands, including growth of 15 percent for Coca-Cola Zero. Sparkling flavors grew 1 percent, including growth of 12 percent for our energy portfolio. Still beverages declined 3 percent, balanced between declines in water and juices. Total volume in Great Britain grew 1 percent and volume in continental Europe (including Norway and Sweden) declined ½ percent.

Full-year net sales totaled $8.2 billion, up 2 percent on a reported basis, or up ½ percent on a currency neutral basis. Free cash flow for 2013 totaled $524 million.

Net pricing per case for the full year was up slightly and cost of sales per case increased 2 percent. Operating expenses declined approximately 4½ percent. These figures are comparable and currency neutral.

For the fourth quarter, volume grew 2½ percent, driven primarily by growth in Coca-Cola trademark brands, including 20 percent growth for Coca-Cola Zero, and growth in energy. Fourth quarter volume in Great Britain grew 2½ percent, and continental European volume grew 2 percent. Fourth-quarter net pricing per case declined ½ percent, with growth in cost of sales per case of 1 percent, both on a comparable and currency neutral basis.

Fourth-quarter net sales totaled $2 billion, up 6 percent on a reported basis, or up 3½ percent on a currency neutral basis. Reported operating income totaled $217 million, an increase of 45 percent. On a comparable basis, operating income totaled $232 million, an increase of 12 percent, or 9 percent on a comparable and currency neutral basis.

“Throughout the year, our people faced a series of rapidly evolving challenges, but their efforts, coupled with the success of our marketing programs, drove a return to growth,” said Hubert Patricot, executive vice president and president, European Group.

“In 2014, our people will execute a sound business plan that is well-balanced between marketplace initiatives and investment in our future,” Mr. Patricot said. “We will build on the success of our core brands, enhance our focus on Coca-Cola Zero and energy, and introduce new packaging that we believe will have a positive impact in the market.”

SHARE REPURCHASE

CCE began a $1.5 billion share repurchase program in January 2013 and repurchased approximately $1 billion of its shares last year. In December 2013, our Board of Directors approved a new $1 billion share repurchase program – the fourth program since the creation of new CCE. The company plans approximately $800 million in repurchases in 2014. These plans may be adjusted depending on economic, operating, or other factors, including acquisition opportunities.

FULL-YEAR 2014 OUTLOOK

For 2014, CCE continues to expect earnings per diluted share to grow approximately 10 percent on a comparable and currency neutral basis. Although too early to predict the impact, based on recent rates, currency translation would benefit full-year 2014 earnings per share in a range of 3 percent to 4 percent.

Net sales are expected to grow in a low single-digit range and operating income is expected to grow in a mid-single-digit range. This outlook is comparable and currency neutral.

The company also expects 2014 free cash flow in a range of $600 million to $650 million. Capital expenditures are expected to be approximately $350 million. Weighted average cost of debt is expected to be approximately 3 percent and the comparable effective tax rate for 2014 is expected to be in a range of 26 percent to 28 percent.

CONFERENCE CALL

CCE will host a conference call with investors and analysts today at 10 a.m. ET. The call can be accessed through the company’s website at www.cokecce.com.

ABOUT CCE

Coca-Cola Enterprises, Inc. (CCE) is the leading Western European marketer, producer, and distributor of non-alcoholic ready-to-drink beverages and one of the world’s largest independent Coca-Cola bottlers. CCE is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. We operate with a local focus and have 17 manufacturing sites across Europe, where we manufacture nearly 90 percent of our products in the markets in which they are consumed. Corporate responsibility and sustainability is core to our business, and we have been recognized by leading organizations in North America and Europe for our progress in water use reduction, carbon footprint reduction, and recycling initiatives. For more information about our company, please visit our website at www.cokecce.com and follow us on Twitter at @cokecce.

FORWARD-LOOKING STATEMENTS

Included in this news release are forward-looking management comments and other statements that reflect management’s current outlook for future periods. As always, these expectations are based on currently available competitive, financial, and economic data along with our current operating plans and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. The forward-looking statements in this news release should be read in conjunction with the risks and uncertainties discussed in our filings with the Securities and Exchange Commission (“SEC”), including our most recent Form 10-K and other SEC filings.