Coca-Cola Amatil Shares Sink To Decade Low

In contrast to the the almost ‘kind’ treatment meted out to Primary Health Care shares yesterday (see separate story) after its confirmation of downward pressure from high costs on 2017-18 earnings by the market, shares in Coca Cola Amatil fell to a near decade low yesterday after it revealed to an investor day function on Wednesday that 2017 and 2018 will see profits also under pressure from a series of higher costs.

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Coca-Cola Amatil Refreshes Growth Strategy

Coca-Cola Amatil’s (CCL) has refreshed its strategy with a focus on still beverages, expanding categories in beer and coffee and growing its business in Indonesia. Brokers welcome the extra detail on earnings targets and the drivers for its various drink businesses. Low single-digit EBIT (earnings before interest and tax) growth in Australia & New Zealand is forecast and double digit growth in Indonesia, PNG & Fiji. A 10% long-term (2023) EBIT margin in Indonesia/PNG is expected.

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Can Things Go Better With Coke?

Coca Cola Amatil (ASX: CCL) reported its half year results during the week. The company has been under pressure for some time. The consensus view is that a combination of the growing market power of the major supermarkets, combined with a consumer shift away from soft drinks, has resulted in a downward spiral in volumes and earnings over the last 3 to 4 years.

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Coke Goes Flat

The board and management of Coca Cola Amatil might have trekked to Atlanta last week for meetings with the board of the major shareholder, The Coca Cola Company about Indonesia and other issues. They may as well have stayed at home and saved the money judging by the surprisingly poor third quarter result produced by the US company overnight Tuesday.

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