Coca Cola Amatil says it did better than expected on the year to December, but will report lower revenues and earnings, thanks to COVID-19 and ongoing problems with their troubled Indonesian operations.
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Done deal and Coca Cola Amatil will disappear as a listed ASX company by the end of the first quarter of 2021 as the odds the $12.75 a share offer for the company, shortened.
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Coca-Cola Amatil would be sold to the London-based European arm of Coca-Cola under a $9.3 billion deal that has all the hallmarks of an asset swap inside the global Coke empire.
Read MoreCredit Suisse points out Coca-Cola Amatil’s cost reduction programs over 2019-22 should reduce the cost base by -$120m. The broker assesses these will be directed towards discretionary spending.
Read MoreThe impact of the pandemic on first half earnings was less than Credit Suisse anticipated. The broker was surprised that Indonesian EBIT broke even despite a -19% drop in volumes and applauds the company’s efforts.
Read MoreLike Santos, Coca Cola Amatil has attempted to keep faith with shareholders after a difficult six months by agreeing to a reduced interim dividend. The company will pay a first-half dividend of 9 cents per share, down from 25 cents a year ago.
Read MoreCoca-Cola Amatil has joined the growing list of companies revealing asset write-downs amid the COVID-19 pandemic and lockdowns which continues to make a mess of its sales performance.
Read MoreThe COVID-19 pandemic hit Coca Cola Amatil hard in major markets in Australia, New Zealand, and the Pacific and Indonesia as retail outlets such as cafes and small supermarkets, cinemas, and theme parks were forced to close by the widespread lockdowns.
Read MoreFizzy soda drinks giant Coca-Cola Amatil has revealed planned savings and investment spending cuts totalling just on a quarter of a billion dollars for the rest of 2020.
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In more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read MoreCoca-Cola Amatil as withdrawn FY20 guidance. On the one hand the company is benefitting from consumer stockpiling but on the other it is losing sales due to cancelled events, crowdless sport and a general stay-at-home trend.
Read MoreCoca-Cola Amatil has become the latest company to drop its earnings guidance because of the impact of the coronavirus.
Read MoreVictoria’s parliament has released a final report on the recycling and waste management inquiry. A recommendation to include a container deposit scheme was included.
Read MoreCoca-Cola Amatil is revamping itself by going to a geographic structure for its various beverage businesses that will see a merging of operations in what looks like another cost-cutting exercise.
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There’s no way Coca Cola Amatil will make a profit, as it claimed yesterday, from the sale of the troubled fruit and vegetable processor, SPC Ardmona in northern Victoria to local interests.
Read MoreThe second half of 2018 was a little weaker than Credit Suisse forecast. There is no change to guidance and 2019 remains a transition year as the company invests in Australian selling capacity and increases marketing expenditure in Indonesia.
Read MoreThe write-down of the value of its SPC Ardmona business saw Coca-Cola Amatil’s 2018 net profit slide 37.3% to $279 million.
Read MoreAhead of its full-year results later in this week, Coca-Cola Amatil has written down the value of its SPC canned fruit and vegetable operations to zero, reflecting the small sale price it expects to receive if it manages to sell the troubled business.
Read MoreMorgans believes FY19 will be another transition year for the company, with increased investment in both Australian beverages and Indonesia. The broker expects earnings to fall marginally followed by moderate growth in FY20.
Read MoreThrowing investors a bone in the shape of the decision to sell its loss-making SPC business did not help Coca-Cola Amatil one bit at its investor day on Friday.
Read MoreShares in Coca-Cola Amatil traded at 2018 highs over $10 yesterday after it revealed reasonable results and said it was getting rid of the loss-making SPC canned fruit and tomato business.
Read MoreAre things picking up for Coca-Cola Amatil? Looking at the figures it was more of the same, a weak Australian performance, solid contributions from other businesses, and not much in the way of an upturn locally.
Read MoreIn 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.
Read MoreThe company will acquire Western Australian Craft beer brewer Feral Brewing. CC Amatil does not intend to change the way the business operates and Deutsche Bank observes there is little detail regarding the purchase.
Read MoreCoca-Cola Amatil shares have sunk to levels not seen for two years as the company again provided disappointing news about its sales and financial performance.
Read MoreShares in Coca Cola-Amatil fell to a 12 month low yesterday of $8.91 after it was hit by two lots of bad news.
Read MoreNo good news for Coca Cola Amatil shareholders about its struggling market operations at its annual meeting yesterday.
Read MoreThe sell off in Coca-Cola Amatil (CCL) shares slowed on Monday after the 10% plus slump last Friday off the back of yet another profit downgrade. The shares fell 1.5% on Monday, closing at $9.465, taking the loss since Friday morning to 12% after it blamed weak trading at its Australian beverages business for the earnings downgrade.
Read MoreExcuse me for being a little cynical, but the full year result from Coca-Cola Amatil (CCL) has done just that. Trading revenue (that is from selling its products) rose a mere 1.1% or a mere $57 million over the year (or one million bucks extra a week).
Read MoreToday we are applying a Bear Call spread on Coca-Cola Amatil (CCL), which recently broke out of a triangle pattern and showing bearish entry signals.
Read MoreGinger coke just doesn’t cut it, certainly so far as investors in Coca Cola Amatil (CCL) are concerned?
Read MoreMedium term guidance was reiterated at the investor briefing. UBS remains below management’s targets in its estimates which reflect views around the structural headwinds in Australia and the challenging environment in Indonesia.
Read MoreCoca-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.
Read MoreInvestors sooooo spotted the weakness in the interim results from Coca-Cola Amatil (CCL).
Read MoreCoca-Cola Amatil (CCL) shares drifted lower and then firmed a touch yesterday as investors digested what was a less than effusive update at yesterday’s annual meeting.
Read MoreCoca-Cola Amatil (CCL) is lifting its dividend after returning to profit growth for the first time in three years in the year to December.
Read MoreAccording to press reports, main competitor Asahi will streamline its Australian soft drink operations and invest in equipment to manufacture plastic bottles. Deutsche Bank thinks this could be a negative for Coca-Cola Amatil.
Read MoreCoke’s result beat the broker but was actually none too flash, indicating the company’s underlying volume and value growth profile is challenged by a subdued economy and weak consumer spending. Underlying market volume growth was negative over the period, and revenue per case also fell.
Read MoreCoca 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.
Read MoreDeutsche Bank finds no signs of life in Coke Life pricing. Volumes have improved as consumers try the product amid discounting, which has not been followed by Schweppes.
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