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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 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
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AT HOME GROUP INC. 3.41% 15.15 Delayed Quote.166.36%
COCA-COLA AMATIL LIMITED 0.11% 9.21 End-of-day quote.-16.73%
JUST GROUP PLC -2.06% 43.68 Delayed Quote.-43.54%
WILL GROUP, INC. 2.75% 935 End-of-day quote.-25.32%
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Financials
Sales 2020 4 695 M 3 364 M 3 364 M
Net income 2020 200 M 143 M 143 M
Net Debt 2020 1 334 M 956 M 956 M
P/E ratio 2020 32,1x
Yield 2020 2,90%
Capitalization 6 668 M 4 786 M 4 778 M
EV / Sales 2020 1,70x
EV / Sales 2021 1,56x
Nbr of Employees 12 000
Free-Float 68,6%
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Technical analysis trends COCA-COLA AMATIL LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 9,78 AUD
Last Close Price 9,21 AUD
Spread / Highest target 19,4%
Spread / Average Target 6,14%
Spread / Lowest Target -17,5%
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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