Coca-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.
Read MoreNew Coke Life has had a positive start, leading Coke Amatil’s MD to talk up new product launches at yesterday’s AGM. The broker is nevertheless sceptical, suggesting initial customer curiosity will wane, and notes no formal trading update was provided by management.
Read MoreDespite the company’s weak sales and earnings performance over the past 18 months, Coca-Cola Amatil (CCL) chairman David Gonski is seeking re-election to the board of the soft drink bottler at the annual meeting in May.
Read MoreThere were few surprises in Coke’s result, the broker suggests. The pain of reduced prices will provide for growth in the future and cost-outs should provide a buffer to earnings, the broker notes.
Read More‘Phew’ said investors yesterday when faded blue chip Coca Cola Amatil (CCL) produced no more surprises in its 2014 profit report.
Read MoreA review of retail data reveals Coca-Cola Amatil’s carbonated soft drinks have been losing volume share in recent years in favour of bottled water.
Read MoreAn unenthusiastic reaction from investors to yet more news of staff cuts and more cost reductions from Coca Cola Amatil (CCL).
There was a cautious market reaction yesterday to the news that The Coca-Cola Company will invest $US500 million ($A570 million) in Coca-Cola Amatil’s (CCL) Indonesia business, in return for a 29.4% equity stake, news that saw the shares rise 4.5% to $9.07.
Read MoreThe 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.
Read MoreReports are circulating that The Coca-Cola Co will invest equity in Indonesia to provide fresh capital for expansion. Citi believes the new arrangement is unlikely to deliver the returns for CCL that shareholders require.
Read MoreAt Montgomery Investment Management, we are enamoured with companies that can exert pricing power. Yet with great power, comes great responsibility.
Read MoreAs expected it was a miserable first half for Coca Cola Amatil (CCL) – an earlier trading update in April and earnings downgrade told us that – but yesterday we heard that there’s more of the same to come.
Read MoreThe broker forecasts a significant decline in FY14 earnings. The company will undertake a strategic review to assess its current portfolio, pricing and costs. Merrills expects earnings to fall by around 20%. The major driver of this is likely to be sales margins.
Read MoreMacquarie rates the stock as Downgrade to Underperform from Neutral
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