Coca-Cola Amatil Posts Strong Revenue Growth, Renews Focus On Healthful Products

Announcing FY2019 financial results, Coca-Cola Amatil indicated it is renewing a focus on healthful product reformulation and sustainability in Australia, Indonesia, and New Zealand. The company posted total revenue growth of 6.7 percent year-on-year to hit $3.4 billion and full-year net profits of $247 billion, a 34.2 percent year-on-year growth. The company said its Australian Accelerated Growth Plan helped it to better position itself with smaller customers in the country, whereas the Indonesian Accelerate to Transform Plan helped it better understand local consumers at a deeper level “and connect with them.”  Both are joint developments between Coca-Cola Amatil and the Coca-Cola Company. In Australia, the plans’ aim was to build categories such as dairy, energy drinks, and kombucha, and focus resources on emerging customers in the foodservice sector. The Coca-Cola brand is the biggest item in Australia, representing more than half of sales. Coca-Cola Amatil’s sustainability efforts for Australia and New Zealand include switching 70 percent of its plastic bottles to 100 percent recycled materials,[Image Credit: © Coca-Cola Amatil Limited]