Flat outlook for Coca-Cola Amatil puts doubt on growth

Original article by Sue Mitchell
The Australian Financial Review – Page: 21 & 26 : 19-May-16

Shares in Coca-Cola Amatil closed $A0.04 lower at $A8.99 on 18 May 2016, following the group’s annual meeting. CEO Alison Watkins is aiming for earnings per share growth of five per cent in the near-term, but says the bottler may not necessarily meet this target in 2016. However, she expects the group to achieve earnings growth in the year to December. Analysts have forecast underlying profit growth of 3.6 per cent and growth in sales of 2.7 per cent for 2016.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, ARNHEM INVESTMENT MANAGEMENT PTY LTD, PEPSICO AUSTRALIA PTY LTD, SCHWEPPES AUSTRALIA PTY LTD, AUSTRALIAN BUREAU OF STATISTICS

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