AMC reported 1H19 sales of US$4.6bn, EBITDA of US$678mn and underlying NPAT of US$330mn.
These numbers reflect a relatively flat outcome, based on the same time last year. The key for growth will be the integration of the Bemis business and the $180mn in cost synergies.
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Amcor should return to a 3 – 6% EPS growth environment from next year, this supports the 4.4% dividend yield.
