Coca Cola Amatil’s full-year results for 2019 were generally upwards, with group trading revenues growing 6.7 per cent to $5bn. Statutory NPAT was reported up 34.2 per cent to $374m, and statutory EBIT was up 31.9 per cent to $603m.
All business segments delivered revenue growth, including the Australian beverage business, which recorded the first full-year revenue increase since 2012.
Peter West, Australia managing director, said, “The Australian beverages business performed well, with more to do in 2020.”
The Australian beverage division saw revenue growth of 2.4 per cent. Total sparkling beverages achieved small volume growth of 0.3 per cent to 205.9m unit cases, but total still drinks increased in volume by 1.9 percent to 79.5m unit cases.
However, the Australian beverages division saw a 1.9 per cent decrease in EBIT to $369m, down from $376.1m in 2018. But the beverages division still accounts for 57.7 per cent of the group’s total EBIT.
Group managing director Alison Watkins said top-line revenue growth reflected the impacts of the company’s business initiatives across each market.
“Overall this is a healthy financial performance for the group. This result demonstrates encouraging progress as we mark the completion of our two-year transition period,” Watkins said.
“In particular, the Australian Accelerated Growth plan and Indonesia’s Accelerate to Transform Plan are delivering volume and route-to-market improvements in these major markets, with a return to volume and revenue growth in Australia and double-digit revenue and volume growth result in Indonesia and PNG.”
Watkins said the business had made solid progress towards improving its sustainability.
“There’s more to be done, but the 2019 record showed pleasing progress,” she said. “Outcomes include the switch of seven out of 10 of our plastic bottles to 100 per cent recycled materials; the elimination of plastic straws from our range, and a heads of agreement with waste management experts Veolia to explore a plastics recycling plant in Australia. We also continued our support for cost-effective, well-run container deposit schemes.”