AUS: Coca-Cola Amatil profit jumps in H1

Most popular

Pernod Ricard Performance Trends 2015-2019

Major spirits brands dodge the US tariff bullet

Has soft drinks missed premiumisation train?

No-alcohol growth about seeking - Consumer Trends

Where should wine focus its on-premise efforts?


Coca-Cola Amatil has seen its net profit leap by 22% in the first half of this year, driven by growth in its Australian and New Zealand beverage businesses.

Profit rose to a record A$172m (US$149m) for the six months to the end of June, also boosted by the sale of the drinks group's South Korean business, Coca-Cola Amatil (CCA) announced today (20 August).

Managing director Terry Davis praised his firm's resilience in the face of "tougher trading conditions". Total revenue dropped 11% , but revenue from continuing operations crept up 0.5% to A$1.86bn.

Cost savings schemes, higher prices and a strong performance in alcoholic drinks, which contributed to a fifth of beverage growth in Australia, drove the performance, Davis said.

The Australia division increased beverage revenues per case by 4%, offsetting damage to volumes in the first quarter. "The Australian business delivered 10% EBIT growth for the half, despite being impacted by poor weather and heavy discounting by our major competitor in the first quarter," said Davis.

A 15% rise in volumes for the Powerade brand in neighbouring New Zealand helped CCA to growth there, despite the country's "softening economy". New versions of Powerade, Edge and Recovery, drove the brand's sales.

Currency fluctuations sent revenue per case down 5% in Indonesia, but the firm said volumes rose 4.6%, despite increased prices for consumer staples such as rice and cooking oil.

Going forward, CCA maintained full-year earnings guidance, but said it would issue a further update in October.

Related Content

How did Coca-Cola Amatil perform in the first half of 2018? - results data

How did Coca-Cola Amatil perform in the first half of 2018? - results data...

Coca-Cola Amatil H1 2017 - results data

Coca-Cola Amatil H1 2017 - results data...

Coca-Cola Amatil 2017 - results data

Coca-Cola Amatil 2017 - results data...

How did Coca-Cola Amatil perform in 2018? - results data

How did Coca-Cola Amatil perform in 2018? - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..

Forgot your password?