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

COCA-COLA AMATIL LIMITED

(CCL)
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Coca-Cola Amatil Volumes Declined Sharply Amid Lockdowns

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05/25/2020 | 05:07pm EDT

By Mike Cherney

SYDNEY--Australian bottler Coca-Cola Amatil Ltd. said Tuesday that volumes declined sharply in April and the first three weeks of May due to coronavirus lockdowns.

The company didn't offer specific guidance for the rest of the financial year, but said it anticipates having a clearer view at its half-year result in August.

The company said group volume declined by 33% in April and 26% in the first three weeks of May. Margin declines were more pronounced given shifts in channel and portfolio mix, particularly in its main market in Australia, Amatil said.

It expects tight cost management and reduced capital expenditure to partially mitigate the earnings impact.

"Whilst it is encouraging to see lockdown restrictions gradually being eased and some green shoots of improvement in trading conditions emerge, the reality is that economic recovery will take time and uncertainty remains," Managing Director Alison Watkins said.

She added that December quarter trading will be imperative to the company's full fiscal-year performance.

 

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

 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -1.43% 12.42 Delayed Quote.125.82%
COCA-COLA AMATIL LIMITED -2.97% 8.18 End-of-day quote.-26.04%
JUST GROUP PLC -0.94% 44.38 Delayed Quote.-43.29%
THE COCA-COLA COMPANY -0.94% 47.24 Delayed Quote.-14.65%
THE NEW HOME COMPANY INC. -13.50% 3.46 Delayed Quote.-25.75%
WILL GROUP, INC. 0.00% 535 End-of-day quote.-57.27%
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Financials
Sales 2020 4 542 M 3 245 M 3 245 M
Net income 2020 219 M 157 M 157 M
Net Debt 2020 1 374 M 981 M 981 M
P/E ratio 2020 26,7x
Yield 2020 3,10%
Capitalization 5 922 M 4 244 M 4 231 M
EV / Sales 2020 1,61x
EV / Sales 2021 1,45x
Nbr of Employees 12 000
Free-Float 68,6%
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Technical analysis trends COCA-COLA AMATIL LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 9,10 AUD
Last Close Price 8,18 AUD
Spread / Highest target 20,4%
Spread / Average Target 11,2%
Spread / Lowest Target -7,09%
EPS Revisions
Managers
NameTitle
Alison Mary Watkins Group Managing Director & Executive Director
Ilana Rachel Atlas Chairman
Greg Barnes Chief Financial Officer
Debbie Nova Chief Information Officer
Krishnakumar Thirumalai Non-Executive Director
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