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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Coca-Cola Amatil Limited    CCL   AU000000CCL2

COCA-COLA AMATIL LIMITED

(CCL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 04/03
9.16 AUD   +3.04%
03/16COCA COLA AMATIL : Withdraws Earnings Guidance Due to Coronavirus
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03/16COCA COLA AMATIL : Notice of dividend/distribution
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02/25COCA COLA AMATIL : Welcomes Circular Economy for Victoria
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Coca Cola Amatil : FY19 Profit Rises, Fueled by Coke No Sugar

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02/19/2020 | 06:30pm EDT

By Mike Cherney

SYDNEY--Australian bottler Coca-Cola Amatil Ltd. said full-year net profit from continuing operations rose slightly in 2019, with Coca-Cola No Sugar performing well in its main Australian market.

Amatil said that net profit from continuing operations was nearly 394 million Australian dollars (US$263 million), an increase of more than 1%. Total revenue rose nearly 7% to A$5.1 billion. On a statutory basis, net profit was A$374 million, a 34% jump, largely due to a big loss recognized the previous year from Amatil's now-sold SPC fruit-packing business.

Amatil declared a final dividend of 26 Australian cents per share, the same as the prior period.

"The continued volume growth in Coca-Cola No Sugar is a testament to consumer enthusiasm for healthier options, and a sign of the strength of our portfolio," said Group Managing Director Alison Watkins. "We've heard the message on consumer wellbeing, and we're delivering with reductions in sugar content across the portfolio of sales."

Amatil has contended with shifting consumer preferences away from sugary, carbonated beverages, especially in its main Australian market. The company said trading revenue in 2019 rose more than 2% in its Australian beverages unit and volumes rose nearly 1%. Earnings from continuing operations, however, fell nearly 2% in the Australia unit.

Looking ahead, Amatil said it expects to deliver mid-single digit earnings per share growth in 2020 and over the medium term. It also said it expected higher earnings growth in the second half of 2020 than the first half.

The company added that it's on watch for the flow-on effects from the bushfires in Australia and the coronavirus outbreak.

 

Write to Mike Cherney at mike.cherney@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
COCA-COLA AMATIL LIMITED 3.04% 9.16 End-of-day quote.0.22%
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Financials (AUD)
Sales 2020 5 185 M
EBIT 2020 638 M
Net income 2020 381 M
Debt 2020 1 449 M
Yield 2020 5,14%
P/E ratio 2020 17,4x
P/E ratio 2021 15,9x
EV / Sales2020 1,56x
EV / Sales2021 1,47x
Capitalization 6 632 M
Chart COCA-COLA AMATIL LIMITED
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Coca-Cola Amatil Limited Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 11,17  AUD
Last Close Price 9,16  AUD
Spread / Highest target 49,6%
Spread / Average Target 21,9%
Spread / Lowest Target -1,75%
EPS Revisions
Managers
NameTitle
Alison Mary Watkins Group Managing Director & Executive Director
Ilana Rachel Atlas Chairman
Martyn Roberts Group Chief Financial Officer
Debbie Nova Chief Information Officer
Krishnakumar Thirumalai Non-Executive Director
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