As we discuss the elements of our business, from building on our beverage portfolio to improving customer service and our overall business model, we are confident that you will see that we are focused on being successful in the marketplace in creating shareowner value.
So what does CCE look like today? We’re a company with 2011 revenue of $8.3 billion, annual volume of about 620 million physical cases, we serve some 170 million consumers who consume more than 30 billion servings of our products each year. And this is a total importantly that’s been reached through six consecutive years of growth.
We manufacture our products at 17 locations and they are each a component of our Pan-European supply chain. We have a total workforce of more than 13,000, including one of the largest sales forces of any consumer products goods companies in our territories.
But most importantly, CCE has proven that we have the size, the scope, the plans and the people to continue to be an effective competitor in an attractive category, and that is despite having to navigate a challenging macroeconomic environment.As you’re going to see in a few minutes, our European territories have a proven track record of solid operating performance and continued growth. In 2011, revenue growth was 5.5%, operating income growth was 9%, both of those on a comparable and currency neutral basis. And in addition, we had another really solid year in volume growth, which was up 3.5%. These were positive results. They are near the high end of our long-term growth targets, and they were achieved even as we continue to face ongoing macroeconomic challenges. In fact, the results from our first full calendar year of operating exclusively as a European bottler reinforced the confidence that we have in the long-term potential of today’s Coca-Cola Enterprises. We have a solid balance sheet, strong free cash flow, and a clear focus on creating value for each stakeholder.
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