Narrow-Moat Amcor Delivers EBIT Growth Despite Short-Term Revenue and Raw Material Cost Headwinds.
Amcor’s first-half fiscal 2018 results showed revenue growth struggling against volume headwinds from North American beverages and in emerging markets, and margins impacted by higher raw material costs. But results benefited from the translation of a stronger euro and excellent cost control, allowing Amcor to grow EBIT. Short-term revenue issues also masked a strong underlying volume recovery in Western Europe, which bodes well for Amcor’s longer-term growth.Revenue rose by 0.8% on previous co...
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