Coca-Cola Amatil has reported profit growth for the first time in three years in its 2015 financial results, released today.
The beverage bottler posted a profit of $393.4 million, up 4.8 per cent on 2014, and its sales also rose 3.1 per cent to $5.09 billion.
The company says that earnings from its Australian beverages business stabilised despite challenging conditions, and it saw increased contributions from growth segments such as alcohol and coffee.
CCA said it delivered positive volume growth by focusing on its strategy of optimising its portfolio and product mix and improving its route to market execution.
“The cost savings identified under our efficiency program and route to market transformation are being reinvested into the business to support our leadership position on price and to maintain a strong focus on brand development, innovation and technology.
“We have driven transactions by widening choice, increasing consumer relevance in our core Sparkling Beverages portfolio and strengthening our stills offer.”
CCA group managing director, Alison Watkins said: “This 2015 result is consistent with our plans and the guidance we provided in 2014 despite challenging conditions.
“We are delivering on our strategy of strengthening our category leadership, making a step change in our productivity and in-market execution, and building better alignment with The Coca-Cola Company and our other partners.
“Stabilising our core Australian Beverages business is an important achievement and we are delighted with the growth of New Zealand and Fiji, and Alcohol and Coffee.
According to Watkins, the Indonesian economy had been difficult, but the company was working with The Coca-Cola Company to realise its long term potential.
“We are confident CCA will to return to sustainable mid single-digit EPS growth over the next few years,” Watkins said.
