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Business Description: Amcor Limited (AMC) is a global packaging company with operation across five major geographic areas (over 42 countries); Australasia, North America, Latin America, Europe and Asia. Amcor offers a broad range of plastic, fibre, metal and glass packaging related products and services as well as recycling services in Australia and distribution services in North America.
Strategy Analysis: AMC has been focused on acquisitions and increased segment participation in order to grow the business. There will be a divestment of non-strategic businesses as well as investment into new equipment in order to lower operating costs and increase plant focus. Geographic expansion through Central and Eastern Europe via organic and acquisitive growth is being developed. The company hopes to leverage strong regional positions and an extensive product portfolio in order to further enhance their market position and capture high performance product growth.
Amcor reported NPAT up 16.3% to $238.3m for the half-year ended 31 December 2012. Revenues from ordinary activities were $6.03bn, down 0.8% from the same period last year. Diluted EPS was 19.5 cents compared to 16.5 cents last year. Net operating cash flow was $333.9m compared to $309.6m last year. The interim dividend declared was 19.5 cents compared with 18.0 cents last year. The earnings outlook for the Flexibles business remains unchanged from the full year results in August. For the 2012/13 year the Flexibles segment is expected to achieve a solid increase in earnings, expressed in local currency terms. Margins for the legacy operations are expected to increase however the new acquisitions will have lower margins until synergy benefits are realised. In aggregate this should result in a modest increase in margins.
The Age 25/05/2013 |
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The Age 25/05/2013 |
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The Age 25/05/2013 |
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The Age 25/05/2013 |
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