Amcor's New Bull Hopes for Volume Growth Beyond M&A -- Market Talk

Dow Jones

Feb 04, 2025

2149 GMT - Packaging company Amcor's newest bull says organic growth is key to unlocking long-term value for shareholders. Jefferies, which raises Amcor to buy from hold, points out that Amcor's volume growth has been anemic since it bought Bemis some years ago. "We estimate cumulative volumes have declined 5%, or 1% per annum since FY 2019, raising concerns around the outlook for plastic packaging and valuation multiple investors are willing to pay," analyst Ramoun Lazar says. Amcor recently agreed to buy Berry, which has a similarly weak track record. Amcor expects deal savings to drive growth in new business areas. "We are not yet convinced (consensus also skeptical) with Jefferies's long-term volume forecasts circa 0-1% per annum," Lazar says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 03, 2025 16:49 ET (21:49 GMT)

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Jefferies, which raises Amcor to buy from hold, points out that Amcor's volume growth has been anemic since it bought Bemis some years ago. \"We estimate cumulative volumes have declined 5%, or 1% per annum since FY 2019, raising concerns around the outlook for plastic packaging and valuation multiple investors are willing to pay,\" analyst Ramoun Lazar says. Amcor recently agreed to buy Berry, which has a similarly weak track record. Amcor expects deal savings to drive growth in new business areas. \"We are not yet convinced (consensus also skeptical) with Jefferies's long-term volume forecasts circa 0-1% per annum,\" Lazar says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 16:49 ET (21:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amcor's New Bull Hopes for Volume Growth Beyond M&A -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmcor's New Bull Hopes for Volume Growth Beyond M&A -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-04 05:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2149 GMT - Packaging company Amcor's newest bull says organic growth is key to unlocking long-term value for shareholders. Jefferies, which raises Amcor to buy from hold, points out that Amcor's volume growth has been anemic since it bought Bemis some years ago. \"We estimate cumulative volumes have declined 5%, or 1% per annum since FY 2019, raising concerns around the outlook for plastic packaging and valuation multiple investors are willing to pay,\" analyst Ramoun Lazar says. Amcor recently agreed to buy Berry, which has a similarly weak track record. Amcor expects deal savings to drive growth in new business areas. \"We are not yet convinced (consensus also skeptical) with Jefferies's long-term volume forecasts circa 0-1% per annum,\" Lazar says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 16:49 ET (21:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670710661.SGD","symbol_name":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508768821","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508768821","pubTimestamp":1738619340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2149 GMT - Packaging company Amcor's newest bull says organic growth is key to unlocking long-term value for shareholders. Jefferies, which raises Amcor to buy from hold, points out that Amcor's volume growth has been anemic since it bought Bemis some years ago. \"We estimate cumulative volumes have declined 5%, or 1% per annum since FY 2019, raising concerns around the outlook for plastic packaging and valuation multiple investors are willing to pay,\" analyst Ramoun Lazar says. Amcor recently agreed to buy Berry, which has a similarly weak track record. Amcor expects deal savings to drive growth in new business areas. \"We are not yet convinced  with Jefferies's long-term volume forecasts circa 0-1% per annum,\" Lazar says. 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Jefferies, which raises Amcor to buy from hold, points out that Amcor's volume growth has been anemic since it bought Bemis some years ago. \"We estimate cumulative volumes have declined 5%, or 1% per annum since FY 2019, raising concerns around the outlook for plastic packaging and valuation multiple investors are willing to pay,\" analyst Ramoun Lazar says. Amcor recently agreed to buy Berry, which has a similarly weak track record. Amcor expects deal savings to drive growth in new business areas. \"We are not yet convinced (consensus also skeptical) with Jefferies's long-term volume forecasts circa 0-1% per annum,\" Lazar says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2025 16:49 ET (21:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}