KO und FCF
Ich sehe hier das Re-franchising der Abfüllanlagen als temporäre Ursache, nix unruhig zu werden! Ansonsten macht KO ja alle richtigen Schritte: Reduzierung Fixkosten der Abfüllanlagen, Zuckerreduzierung in drinks generell und Ausbau der Zero sodas, Lifestyleprodukte organic/health pipapo, CostaCoffee Kette Übernahme.
SimplySafeDividends:
Specifically, Coca-Cola plans to become a much more profitable company by refranchising its low-margin bottling operations around the world. Coke’s plan is to sell its bottling operations (other than the super high-margin concentrate business) to its current global partners. The logic behind this is that it will make the company much less capital intensive and send margins and returns on capital soaring.
Management expects that, starting in 2019 when the global bottling re-franchising plan will be complete and the firm will finish its $3.8 billion cost cutting initiative (from 2016 to 2019), Coca-Cola’s operating margin will rise from 23% in 2015 to 34% by the start of 2020.
Free cash flow margin is also expected to rise from 18% in 2015 to about 27% thanks to the company's business model becoming less capital intensive following its bottling refranchising.
In the short term, management's refranchising plan means lower revenues and cash flow. For example, in the first nine months of 2018 operating cash flow fell 7% due to the restructuring plan.
Ich sehe hier das Re-franchising der Abfüllanlagen als temporäre Ursache, nix unruhig zu werden! Ansonsten macht KO ja alle richtigen Schritte: Reduzierung Fixkosten der Abfüllanlagen, Zuckerreduzierung in drinks generell und Ausbau der Zero sodas, Lifestyleprodukte organic/health pipapo, CostaCoffee Kette Übernahme.
SimplySafeDividends:
Specifically, Coca-Cola plans to become a much more profitable company by refranchising its low-margin bottling operations around the world. Coke’s plan is to sell its bottling operations (other than the super high-margin concentrate business) to its current global partners. The logic behind this is that it will make the company much less capital intensive and send margins and returns on capital soaring.
Management expects that, starting in 2019 when the global bottling re-franchising plan will be complete and the firm will finish its $3.8 billion cost cutting initiative (from 2016 to 2019), Coca-Cola’s operating margin will rise from 23% in 2015 to 34% by the start of 2020.
Free cash flow margin is also expected to rise from 18% in 2015 to about 27% thanks to the company's business model becoming less capital intensive following its bottling refranchising.
In the short term, management's refranchising plan means lower revenues and cash flow. For example, in the first nine months of 2018 operating cash flow fell 7% due to the restructuring plan.