Coca-Cola Amatil

At its AGM on Tuesday, Coca-Cola Amatil said it expected earnings before interest and tax to fall by 8%-9% in the first half of calendar 2013, before returning to growth in the second half mainly thanks to $10m-$15m of cost savings. Overall, full-year EBIT is expected to be flat.With consumer spending weak, Australian soft drink sales have been slow and supermarkets have been reducing stock. This has been further compounded by aggressive price competition from Schweppes, the bottler of Pepsi. CCA bears the brunt of any price wars because it makes its margin on top of what it must pay...

At its AGM on Tuesday, Coca-Cola Amatil said it expected earnings before interest and tax to fall by 8%-9% in the first half of calendar 2013, before returning to growth in the second half mainly thanks to $10m-$15m of cost savings. Overall, full-year EBIT is expected to be flat.

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