Beam Suntory Portfolio Drives Growth for CCA

Coca-Cola Amatil has reported growth of 31.7 per cent in its Alcohol & Coffee earnings among FY 2015 results, attributed to its continued partnership with Beam Suntory in Australia and New Zealand.

Group Managing Director for the company, Alison Watkins, said sales in alcohol ready-to-drink beverages and spirits have benefited from the introduction of Suntory spirits to CCA’s portfolio and CCA and Beam Suntory’s new partnership in New Zealand.

“The addition of Suntory brands further strengthened our premium alcohol portfolio, which provides CCA with one of the strongest premium whiskey portfolios. Importantly, we were able to deliver volume and value growth as we improved the performance of our existing spirits portfolio”, Watkins said.

“In New Zealand, the fourth quarter also saw the implementation of the new 10-year Beam Suntory distribution arrangements, which has significantly increased CCA’s presence across the licensed channel.”

According to Watkins, the company’s local Yenda craft beer range, produced by the Australian Beer Company - a joint venture between CCA and Casella - also provided significant growth for its Alcohol & Coffee portfolio.

Pleasing results were reported across the company in the announcement, with news that CCA was able to stabilise its Australian Beverages business’ earnings in 2015, returning from declines in 2014.

Watkins also reported increased company earnings by 1.4 per cent to $660.6 million and trading revenue by 3.1 per cent to $5.1 billion.

“Stabilising our core Australian Beverages business is an important achievement and we are delighted with the growth of Alcohol & Coffee”, Watkins said. “We are confident CCA will to return to sustainable mid single-digit EPS growth over the next few years.”

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