First Impression: Amcor (AMC) 1H17

Bell Potter


Divisional performance: Flexibles: revenue up 3.5% to US$3090m and PBIT up 5.3% to US$373m; operating margin 12.1%; Rigids: revenue down 11.8% to US$1377m and PBIT down 6.5% to US$143.5m; operating margin 10.4%. | Net operating cash flow down 18% US$214.9m. | Outlook: “The Company is very well positioned for continued growth and the outlook for profit after tax in the 2016/17 year has not changed. In constant currency terms, we expect profit after tax to be higher than the US$671.1 million delivered in the 2015/16 year.” | Today’s share price reaction: Up 4.3% to $15.17 (10.42 am).

1 stock mentioned

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.