Suntory Beverage & Food Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for the Year Ending December 31, 2018
February 15, 2018 at 02:00 am EST
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Suntory Beverage & Food Limited announced consolidated earnings results for the year ended December 31, 2017. For the year, on consolidated basis, the company reported revenue of JPY 1,234,008 million against JPY 1,209,149 million a year ago. Operating income was JPY 117,955 million against JPY 111,865 million a year ago. Profit before tax was JPY 114,442 million against JPY 107,804 million a year ago. Net income attributable to owners of the parent was JPY 78,112 million against JPY 71,501 million a year ago. Net income per share was JPY 252.79 against JPY 231.40 per share a year ago. Net cash provided by operating activities was JPY 149,513 million against JPY 163,083 million a year ago. Payments for property, plant and equipment and intangible assets were JPY 55,339 million against JPY 51,793 million a year ago. ROE was 12% compared to 11.7% a year ago. EBITDA were JPY 188.2 billion against JPY 182.6 billion a year ago.
For the year ending December 31, 2018, the company expects net sales of JPY 1,293,000 million, operating income of JPY 127,000 million, profit before tax of JPY 123.5 billion, and net income attributable to owners of the parent of JPY 80,000 million or JPY 258.90 per share. The company expects EBITDA of JPY 189 billion, Operating margin of 9.8%, ROE of 11.1%, capital expenditures of JPY 61.0 billion.
Suntory Beverage & Food Limited is a Japan-based company principally engaged in the manufacture and sale of beverages and food. The Company operates in five geographic segments. Japan segment is involved in the manufacture and sale of mineral water, coffee beverages, tea beverages, carbonated beverages, sports beverages, as well as foods for specified health use in Japan. Europe segment manufactures and sells carbonated beverages Orangina and Schweppes, fruit juice beverages Oasis and Ribena, energy and sports drinks Lucozade in France, the UK, Spain and Africa. Asia segment manufactures and sells health food products, such as the BRAND'S Essence of Chicken series in Taiwan and Southeast Asia, including Thailand. Oceania segment manufactures and sells soft drinks mainly in New Zealand and Australia. Americas segment manufactures and sells soft drinks mainly in North Carolina, the United States.
Suntory Beverage & Food Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for the Year Ending December 31, 2018