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Coca-Cola Amatil flags full-year earnings slump despite strong Christmas in Australia, NZ – NEWS.com.au
Coca-Cola Amatil flags full-year earnings slump despite strong Christmas in Australia, NZ
Soft drinks giant Coca-Cola Amatil has flagged a slump in full-year earnings, saying on-the-go sales are still volatile in line with COVID-19 outbreaks and lockdowns.In a trading update ahead of independently audited financial results on February 18, the company said the preliminary expectation for 2020 was a 6.1 per cent fall in revenue after an 8.4 per cent drop in sales volumes.
Volumes decreased in all of its markets – Australia, Fiji, Indonesia and Papua New Guinea – but were flat in New Zealand.
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