Coke Amatil Sees Improved Australian Business in Full-Year Results; Our FVE Unchanged
Narrow-moat Coca-Cola Amatil’s second half of 2017 improved from a challenging first half, leading to full-year results matching our expectations. We’re encouraged by better performance in the Australian nonalcoholic segment, which saw signs investments here can bear fruit. While we expect near-term profit pressure from further restructuring, as well as uncertainty from ongoing container deposit changes, we remain confident in our long-run forecast. Outside of Australia, Amatil enjoyed solid per...
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