本網站使用瀏覽器紀錄 (Cookies) 來提供您最好的使用體驗，我們使用的 Cookie 也包括了第三方 Cookie。相關資訊請訪問我們的隱私權與 Cookie 政策。如果您選擇繼續瀏覽或關閉這個提示，便表示您已接受我們的網站使用條款。 關閉
TAIPEI, Feb. 5, 2024 /PRNewswire/ -- Regent Taipei is actively pursuing its corporate sustainability goals with the launch of the "2024 Sustainable Dining Table" project. The hotel kicked off the initiative in the first quarter of 2024 by introducing the Winnow AI Food Waste System at its revenue-leading 1F Brasserie buffet restaurant. This innovative system, originating from the UK, has proven successful in reducing food waste by over 70% globally. Regent Taipei aims to achieve a 15% reduction in food waste within three months, a decrease from the 2023 average of 0.22 grams per customer to 0.18 grams, promoting environmentally conscious dining practices. The Winnow AI Food Waste System can detect and record daily food waste in real time, and generate weekly analysis reports for the team to review. The Winnow AI Food Waste System incorporates a scale, screen, scanner, and data recording terminal. When disposing of food, the scale records the weight, and the scanner identifies waste items using pre-input photo data. The system displays the cost of discarded food, creating awareness among staff and encouraging them to minimize waste. Daily reports are sent to restaurant managers, facilitating joint statistics and analysis for larger establishments. Brasserie serves breakfast, lunch, afternoon tea, and dinner, offering a wide array of dishes daily. Through systematic data review, weekly chef meetings, and systematic data reviews, the efficient identification and optimization of menu content using the Winnow AI Food Waste System greatly helps in reducing unnecessary ingredient waste. In addition to waste reduction efforts, Brasserie's new Herb Garden enhances the culinary experience by integrating over ten types of herbs into Brasserie's menu. The hotel's florist team meticulously cultivates herbs like basil, mint, rosemary, dill, and more. Beyond aesthetics, the garden serves a functional purpose, with chefs incorporating fresh herbs into a diverse range of dishes and beverages. General Manager Simon Wu emphasizes that sustainable dining is not merely a concept but an actionable commitment. The Herb Garden not only contributes to ongoing waste reduction but also hosts 'Urban Farmer Activities' to engage the public in herb picking, dish creation, and contributing to a dining ecology that combines action and ideology. The hotel envisions Brasserie's initiatives as a benchmark, inspiring other establishments within the group and beyond to consistently adopt sustainable practices and to achieve mutual sustainability and prosperity for both the environment and the community. Regent Taipei Address: No. 3, Ln. 39, Sec. 2 ZhongShan N. Rd. Dial: 2523-8000 ext. Brasserie / Online Reservations: https://is.gd/zjDkQV
December 2023 quarter:GAAP diluted EPS of 9.2 cps; Adjusted EPS of 15.7 cps Highlights - Six Months Ended December 31, 2023 Net sales of $6,694 million; GAAP Net income of $286 million; GAAP diluted earnings per share (EPS) of 19.8 cps; Adjusted EPS of 31.3 cps and Adjusted EBIT of $709 million; Adjusted Free Cash Flow $113 million ahead of prior year; Continued strong cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased; and Reaffirming fiscal 2024 outlook: Adjusted EPS of 67-71 cents per share and adjusted Free Cash Flow of $850-950 million. ZURICH, Feb. 7, 2024 /PRNewswire/ -- Amcor reaffirms fiscal 2024 outlook Amcor CEO Ron Delia said: "Solid fiscal 2024 second quarter and first half execution led to adjusted free cash flow ahead of last year and adjusted earnings per share modestly above our expectations set out in October, despite challenging market conditions. This leaves us on track to achieve our full year earnings and cash flow guidance for the 2024 fiscal year, which we are reaffirming today. Second quarter volumes were slightly lower than we anticipated at the beginning of the quarter, as destocking accelerated, particularly in the month of December, and demand remained soft. Against this backdrop, our teams responded by proactively taking actions to further reduce cost. We have seen volumes improve in January relative to the first half and we expect the business to build momentum in the second half, including delivering mid-single digit adjusted earnings growth in the fiscal fourth quarter. Confidence in our earnings outlook is based on known second half benefits related to the elimination of earnings headwinds from the sale of our Russia business, a lower interest expense headwind, and our structural cost reduction and productivity initiatives. Our underlying businesses are strong and we believe we are well-positioned in our markets. We are confident in our strategy for long term value creation and will continue to invest in the business for organic growth, including in faster growing, higher margin markets, pursue acquisitions or repurchase shares, and return cash to shareholders through a compelling and growing dividend." Key Financials Six Months Ended December 31, GAAP results 2022 $ million 2023 $ million Net sales 7,354 6,694 Net income attributable to Amcor plc 691 286 EPS (diluted US cents) 46.1 19.8 Comparableconstant currency ∆% Six Months Ended December 31, Reported ∆% Adjusted non-GAAP results(1) 2022 $ million 2023 $ million Net sales 7,354 6,694 (9) (8) EBITDA 994 913 (8) (5) EBIT 791 709 (10) (6) Net income 548 453 (17) (12) EPS (diluted US cents) 36.6 31.3 (14) (10) Free Cash Flow (61) 52 (1) Adjusted non-GAAP results exclude items which are not considered representative of ongoing operations. Comparable constant currency ∆% excludes the impact of movements in foreign exchange rates and items affecting comparability. Further details related to non-GAAP measures and reconciliations to GAAP measures can be found under "Presentation of non-GAAP information" in this release. Note: All amounts referenced throughout this document are in US dollars unless otherwise indicated and numbers may not add up precisely to the totals provided due to rounding. Shareholder returns Amcor generates significant annual cash flow and is committed to an investment grade credit rating. We believe that the Company's strong annual cash flow and balance sheet provide substantial capacity to reinvest in the business for organic growth, pursue acquisitions or share repurchases and return cash to shareholders through a compelling and growing dividend. During the six months ended December 31, 2023, the Company returned approximately $390 million to shareholders through cash dividends and share repurchases. Dividend The Amcor Board of Directors today declared a quarterly cash dividend of 12.5 cents per share (compared with 12.25 cents per share in the same quarter last year). The dividend will be paid in US dollars to holders of Amcor's ordinary shares trading on the NYSE. Holders of CDIs trading on the ASX will receive an unfranked dividend of 18.98 Australian cents per share, which reflects the quarterly dividend of 12.5 cents per share converted at an AUD:USD average exchange rate of 0.6585 over the five trading days ended February 2, 2024. The ex-dividend date will be February 27, 2024, the record date will be February 28, 2024 and the payment date will be March 19, 2024. Share repurchases Amcor repurchased approximately 3 million shares during the six months ended December 31, 2023 for a total cost of approximately $30 million. Financial results - Six Months Ended December 31, 2023 Segment information Six Months Ended December 31, 2022 Six Months Ended December 31, 2023 Adjusted non-GAAP results Net sales $ million EBIT $ million EBIT / Sales % EBIT / Average fundsemployed %(1) Net sales $ million EBIT $ million EBIT / Sales % EBIT / Average funds employed %(1) Flexibles 5,591 706 12.6 % 5,049 634 12.6 % Rigid Packaging 1,763 123 7.0 % 1,645 113 6.9 % Other(2) — (38) — (38) Total Amcor 7,354 791 10.8 % 16.7 % 6,694 709 10.6 % 14.5 % (1) Return on average funds employed includes shareholders' equity and net debt, calculated using a four quarter average and last twelve months adjusted EBIT. (2) Represents corporate expenses. December 2023 half year: Net sales of $6,694 million were 9% lower than last year on a reported basis, including a favorable impact of 2% related to movements in foreign exchange rates, an unfavorable impact of 2% related to items affecting comparability and an unfavorable impact of 1% related to the pass through of lower raw material costs of approximately $85 million. Net sales on a comparable constant currency basis were 8% lower than last year, including price/mix benefits of approximately 1%. Volumes were approximately 9% lower than last year. Adjusted EBIT of $709 million was 6% lower than last year on a comparable constant currency basis. December 2023 quarter: Net sales of $3,251 million were 11% lower than last year on a reported basis, including a favorable impact of 2% related to movements in foreign exchange rates, an unfavorable impact of 2% related to items affecting comparability and an unfavorable impact of 1% related to the pass through of lower raw material costs of approximately $30 million. Net sales on a comparable constant currency basis were 10% lower than last year, reflecting 10% lower volumes. Adjusted EBIT of $352 million was 6% lower than last year on a comparable constant currency basis. Flexibles segment Six Months Ended December 31, Reported ∆% Comparableconstant currency ∆% 2022 $ million 2023 $ million Net sales 5,591 5,049 (10) (8) Adjusted EBIT 706 634 (10) (5) Adjusted EBIT / Sales % 12.6 % 12.6 % December 2023 half year: Net sales of $5,049 million were 10% lower than last year on a reported basis, including a favorable impact of 2% related to movements in foreign exchange rates, an unfavorable impact of 3% related to items affecting comparability and an unfavorable impact of 1% related to the pass through of lower raw material costs of approximately $90 million. On a comparable constant currency basis, net sales were 8% lower than last year reflecting sales from acquired businesses of approximately 1% and lower volumes of approximately 9%. Volume weakness remained broad based through the half and mainly reflects persistently lower market and customer demand and accelerated destocking in the December quarter. As expected, increased destocking impacted the global healthcare category in particular, and as a result, volumes were significantly lower than the same period last year. In North America, net sales declined at high single digit rates driven by lower volumes. Volumes were higher in the condiments, snacks and confectionary categories and this was more than offset by lower volumes in categories including healthcare, meat and liquid beverage. In Europe, net sales declined at low double digit rates driven by lower volumes, partly offset by price/mix benefits. Volumes were lower in healthcare, snacks, coffee and unconverted film and foil end markets and this was partly offset by higher confectionary volumes. Across the Asian region, net sales and volumes were modestly higher than the prior year. Volumes were lower in South East Asian healthcare and this was partly offset by volume growth in Thailand, India and China. In Latin America, net sales declined at high single digit rates driven by lower volumes mainly in Chile and Mexico, partly offset by growth in Brazil. Adjusted EBIT of $634 million was 5% lower than last year on a comparable constant currency basis, reflecting lower volumes partly offset by favorable price/mix benefits and ongoing actions taken to lower costs and increase productivity. EBIT margin of 12.6% remained in line with the prior year notwithstanding weaker volumes and a 50 basis point unfavorable impact compared to the prior year related to the sale of the Russian business in December 2022. December 2023 quarter: Net sales of $2,481 million were 12% lower than last year on a reported basis, including a favorable impact of 2% related to movements in foreign exchange rates, an unfavorable impact of 3% related to items affecting comparability and an unfavorable impact of 2% related to the pass through of lower raw material costs of approximately $45 million. On a comparable constant currency basis, net sales were 9% lower than last year reflecting sales from acquired businesses of approximately 1% and volumes were approximately 10% lower than last year. As expected, volume weakness experienced in the first quarter continued in the December quarter with broad based lower market and customer demand and destocking, including an anticipated acceleration of inventory reductions in the global healthcare category. Destocking also accelerated more broadly in the month of December. Adjusted EBIT of $312 million was 5% lower than last year on a comparable constant currency basis, reflecting lower volumes. This was partly offset by strong operating cost performance which resulted in improved earnings leverage. Adjusted EBIT margin of 12.6% was in line with the December quarter last year, despite incrementally weaker volume performance and a 50 basis point unfavorable impact compared with the prior year related to the sale of the Russian business in December 2022. Rigid Packaging segment Six Months Ended December 31, Reported ∆% Comparable constant currency ∆% 2022 $ million 2023 $ million Net sales 1,763 1,645 (7) (8) Adjusted EBIT 123 113 (8) (9) Adjusted EBIT / Sales % 7.0 % 6.9 % December 2023 half year: Net sales of $1,645 million were 7% lower than last year on a reported basis, including a favorable impact of 1% related to movements in foreign exchange rates. On a comparable constant currency basis, net sales were 8% lower than last year reflecting price/mix benefits of approximately 1% and volumes were approximately 9% lower than last year. In North America, overall beverage volumes were 14% lower than last year, including a 13% reduction in hot fill beverage container volumes. This reflects a combination of lower consumer and customer demand, as well as destocking through the half, which also accelerated considerably in the December quarter. Specialty container volumes were lower than last year. In Latin America, volumes grew at mid single digit rates compared with last year, reflecting new business wins with growth in Brazil, Peru and Colombia partly offset by lower volumes in Mexico. Adjusted EBIT of $113 million was 9% lower than last year on a comparable constant currency basis, reflecting lower volumes partly offset by price/mix benefits and favorable cost performance. December 2023 quarter: Net sales of $770 million were 7% lower than last year on a reported basis, including a favorable impact of 1% related to movements in foreign exchange rates and a favorable impact of 2% related to the pass through of higher raw material costs of approximately $15 million. On a comparable constant currency basis, net sales were 10% lower than last year, reflecting price/mix benefits of approximately 2% and volumes were approximately 12% lower than last year. In North America, overall beverage volumes were 19% lower and hot fill beverage container volumes were 24% lower than the same quarter last year. This mainly reflects incrementally weaker consumer and customer demand in key categories relative to the September quarter and significant destocking. Specialty Container volumes were lower than last year and in Latin America volumes grew at mid single digit rates, reflecting new business wins in Brazil, Peru and Colombia. Adjusted EBIT of $51 million was 12% lower than last year on a comparable constant currency basis, reflecting lower volumes partly offset by price/mix benefits and favorable cost performance. Net interest and income tax expense For the six months ended December 31, 2023, net interest expense of $153 million was $35 million higher than last year, reflecting higher interest rates. GAAP income tax expense was $67 million compared with $91 million last year. Excluding amounts related to non-GAAP adjustments, adjusted tax expense for the six months ended December 31, 2023 was $99 million compared with $121 million last year. Adjusted tax expense represents an effective tax rate of 18%, in line with 18% in the same period last year. Adjusted Free Cash Flow For the six months ended December 31, 2023, adjusted free cash inflow was $52 million, which is $113 million higher than the prior year outflow of $61 million, and in line with our expectations. Compared with last year, the improvement primarily reflects benefits from inventory reduction initiatives. Net debt was $6,639 million at December 31, 2023. Leverage, measured as net debt divided by adjusted trailing twelve month EBITDA, was 3.4 times and in line with our expectations. Leverage is expected to return to approximately 3.0 times at June 30, 2024. Fiscal 2024 Guidance reaffirmed For the twelve month period ending June 30, 2024, the Company continues to expect: Adjusted EPS of 67 to 71 cents per share which includes: Comparable constant currency earnings made up of underlying business performance down low single digit % to up low single digit %, a benefit of approximately 2% from share repurchases, and a negative impact of approximately 6% related to higher estimated net interest and tax expense; A negative impact of approximately 3% related to the sale of the Company's Russian business on December 23, 2022; and A benefit of up to 2% related to currency translation, assuming current rates prevail through the balance of fiscal 2024. In comparable constant currency terms, the Company expects third quarter adjusted EPS to be mid single digit % lower compared to the third quarter of fiscal 2023, and fourth quarter adjusted EPS to be up mid single digit % higher than the fourth quarter of fiscal 2023. Adjusted Free Cash Flow of approximately $850 million to $950 million, representing solid growth over fiscal 2023. Approximately $70 million of cash to be allocated towards share repurchases as part of the program previously announced in fiscal 2023. Amcor's guidance contemplates a range of factors which create a degree of uncertainty and complexity when estimating future financial results. Further information can be found under 'Cautionary Statement Regarding Forward-Looking Statements' in this release. Conference Call Amcor is hosting a conference call with investors and analysts to discuss these results on February 6, 2024 at 5.30pm US Eastern Standard Time / February 7, 2024 at 9.30am Australian Eastern Daylight Time. Investors are invited to listen to a live webcast of the conference call at our website, www.amcor.com, in the "Investors" section. Those wishing to access the call should use the following numbers, with the Conference ID 2761023: USA & Canada 646 307 1963 (local), 800 715 9871 (toll-free) Australia 02 9133 7103 (local), 1800 519 630 (toll-free) United Kingdom 020 3433 3846 (local), 0800 358 0970 (toll-free) Singapore +65 3159 5133 (local) Hong Kong +852 3002 3410 (local) From all other countries, the call can be accessed by dialing +1 646 307 1963 (toll). A replay of the webcast will also be available in the "Investors" section at www.amcor.com following the call. About Amcor Amcor is a global leader in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect their products, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures and services. The Company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and made using an increasing amount of recycled content. In fiscal year 2023, 41,000 Amcor people generated $14.7 billion in annual sales from operations that span 218 locations in 41 countries. NYSE: AMCR; ASX: AMC www.amcor.com I LinkedIn I Facebook I YouTube | Twitter Contact Information Investors Tracey Whitehead Damien Bird Damon Wright Global Head of Investor Relations Vice President Investor Relations Asia Pacific Vice President Investor Relations North America Amcor Amcor Amcor +61 3 9226 9028 +61 3 9226 9070 +1 224 313 7141 tracey.whitehead@amcor.com damien.bird@amcor.com damon.wright@amcor.com Media - Australia Media - Europe Media - North America James Strong Ernesto Duran Julie Liedtke Partner Head of Global Communications Director, Media Relations Citadel-MAGNUS Amcor Amcor +61 448 881 174 +41 78 698 69 40 +1 847 204 2319 jstrong@citadelmagnus.com ernesto.duran@amcor.com julie.liedtke@amcor.com Amcor plc UK Establishment Address: 83 Tower Road North, Warmley, Bristol, England, BS30 8XP, United Kingdom UK Overseas Company Number: BR020803 Registered Office: 3rd Floor, 44 Esplanade, St Helier, JE4 9WG, Jersey Jersey Registered Company Number: 126984, Australian Registered Body Number (ARBN): 630 385 278 Cautionary Statement Regarding Forward-Looking Statements This document contains certain statements that are "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified with words like "believe," "expect," "target," "project," "may," "could," "would," "approximately," "possible," "will," "should," "intend," "plan," "anticipate," "commit," "estimate," "potential," "ambitions," "outlook," or "continue," the negative of these words, other terms of similar meaning, or the use of future dates. Such statements are based on the current expectations of the management of Amcor and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. Neither Amcor nor any of its respective directors, executive officers, or advisors provide any representation, assurance, or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Risks and uncertainties that could cause actual results to differ from expectations include, but are not limited to: changes in consumer demand patterns and customer requirements; the loss of key customers, a reduction in production requirements of key customers; significant competition in the industries and regions in which Amcor operates; failure by Amcor to expand its business; challenging current and future global economic conditions, including the Russia-Ukraine conflict and inflation; impact of operating internationally; price fluctuations or shortages in the availability of raw materials, energy, and other inputs; disruptions to production, supply, and commercial risks, including counterparty credit risks, which may be exacerbated in times of economic volatility; pandemics, epidemics, or other disease outbreaks; an inability to attract and retain our global executive management team and our skilled workforce; costs and liabilities related to environment, health, and safety ("EHS") laws and regulations as well as changes in the global climate; labor disputes and an inability to renew collective bargaining agreements at acceptable terms; risks related to climate change; cybersecurity risks; failures or disruptions in information technology systems; rising interest rates; a significant increase in indebtedness or a downgrade in the credit rating; foreign exchange rate risk; a significant write-down of goodwill and/or other intangible assets; a failure to maintain an effective system of internal control over financial reporting; inability of Amcor's insurance policies to provide adequate protections; challenges to or the loss of intellectual property rights; litigation, including product liability claims or regulatory developments; increasing scrutiny and changing expectations from investors, customers, and governments with respect to Amcor's Environmental, Social and Governance practices and commitments resulting in increased costs; changing government regulations in environmental, health, and safety matters; changes in tax laws or changes in our geographic mix of earnings; and other risks and uncertainties identified from time to time in Amcor's filings with the U.S. Securities and Exchange Commission (the "SEC"), including without limitation, those described under Item 1A. "Risk Factors" of Amcor's annual report on Form 10-K for the fiscal year ended June 30, 2023 and any subsequent quarterly reports on Form 10-Q. You can obtain copies of Amcor's filings with the SEC for free at the SEC's website (www.sec.gov). Forward-looking statements included herein are made only as of the date hereof and Amcor does not undertake any obligation to update any forward-looking statements, or any other information in this communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent, except as expressly required by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement. Presentation of non-GAAP information Included in this release are measures of financial performance that are not calculated in accordance with U.S. GAAP. These measures include adjusted EBITDA and EBITDA (calculated as earnings before interest and tax and depreciation and amortization), adjusted EBIT and EBIT (calculated as earnings before interest and tax), adjusted net income, adjusted earnings per share, adjusted free cash flow and net debt. In arriving at these non-GAAP measures, we exclude items that either have a non-recurring impact on the income statement or which, in the judgment of our management, are items that, either as a result of their nature or size, could, were they not singled out, potentially cause investors to extrapolate future performance from an improper base. Note that while amortization of acquired intangible assets is excluded from non-GAAP adjusted financial measures, the revenue of the acquired entities and all other expenses unless otherwise stated, are reflected in our non-GAAP financial performance earnings measures. While not all inclusive, examples of these items include: material restructuring programs, including associated costs such as employee severance, pension and related benefits, impairment of property and equipment and other assets, accelerated depreciation, termination payments for contracts and leases, contractual obligations, and any other qualifying costs related to restructuring plans; material sales and earnings from disposed or ceased operations and any associated profit or loss on sale of businesses or subsidiaries; changes in the fair value of economic hedging instruments on commercial paper and contingent purchase consideration; significant pension settlements; impairments in goodwill and equity method investments; material acquisition compensation and transaction costs such as due diligence expenses, professional and legal fees, and integration costs; material purchase accounting adjustments for inventory; amortization of acquired intangible assets from business combination; gains or losses on significant property and divestitures and significant property and other impairments, net of insurance recovery; certain regulatory and legal matters; impacts from highly inflationary accounting; and impacts related to the Russia-Ukraine conflict. Amcor also evaluates performance on a comparable constant currency basis, which measures financial results assuming constant foreign currency exchange rates used for translation based on the average rates in effect for the comparable prior year period. In order to compute comparable constant currency results, we multiply or divide, as appropriate, current-year U.S. dollar results by the current year average foreign exchange rates and then multiply or divide, as appropriate, those amounts by the prior-year average foreign exchange rates. We then adjust for other items affecting comparability. While not all inclusive, examples of items affecting comparability include the difference between sales or earnings in the current period and the prior period related to disposed, or ceased operations. Comparable constant currency net sales performance also excludes the impact from passing through movements in raw material costs. Management has used and uses these measures internally for planning, forecasting and evaluating the performance of the Company's reporting segments and certain of the measures are used as a component of Amcor's Board of Directors' measurement of Amcor's performance for incentive compensation purposes. Amcor believes that these non-GAAP measures are useful to enable investors to perform comparisons of current and historical performance of the Company. For each of these non-GAAP financial measures, a reconciliation to the most directly comparable U.S. GAAP financial measure has been provided herein. These non-GAAP financial measures should not be construed as an alternative to results determined in accordance with U.S. GAAP. The Company provides guidance on a non-GAAP basis as we are unable to predict with reasonable certainty the ultimate outcome and timing of certain significant forward-looking items without unreasonable effort. These items include but are not limited to the impact of foreign exchange translation, restructuring program costs, asset impairments, possible gains and losses on the sale of assets, and certain tax related events. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP earnings and cash flow measures for the guidance period. Dividends Amcor has received a waiver from the ASX's settlement operating rules, which will allow the Company to defer processing conversions between its ordinary share and CDI registers from February 27, 2024 to February 28, 2024 inclusive. U.S. GAAP Condensed Consolidated Statements of Income (Unaudited) Three Months Ended December 31, Six Months Ended December 31, ($ million) 2022 2023 2022 2023 Net sales 3,642 3,251 7,354 6,694 Cost of sales (2,980) (2,630) (6,024) (5,428) Gross profit 662 621 1,330 1,266 Selling, general, and administrative expenses (298) (299) (600) (601) Research and development expenses (24) (28) (49) (55) Restructuring and other related activities, net 213 (24) 212 (52) Other income/(expenses), net 6 (28) 8 (46) Operating income 559 242 901 512 Interest expense, net (68) (78) (118) (153) Other non-operating income, net 3 1 3 — Income before income taxes and equity in loss of affiliated companies 494 165 786 359 Income tax expense (33) (28) (91) (67) Equity in loss of affiliated companies, net of tax — (1) — (2) Net income 461 136 695 290 Net income attributable to non-controlling interests (2) (2) (4) (4) Net income attributable to Amcor plc 459 134 691 286 USD:EUR average FX rate 0.9799 0.9295 0.9870 0.9244 Basic earnings per share attributable to Amcor 0.309 0.093 0.465 0.198 Diluted earnings per share attributable to Amcor 0.307 0.092 0.461 0.198 Weighted average number of shares outstanding – Basic 1,475 1,439 1,474 1,439 Weighted average number of shares outstanding – Diluted 1,485 1,440 1,486 1,440 U.S. GAAP Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended December 31, ($ million) 2022 2023 Net income 695 290 Depreciation, amortization and impairment 284 295 Net gain on disposal of businesses (219) — Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency (696) (445) Other non-cash items 81 88 Net cash provided by operating activities 145 228 Purchase of property, plant and equipment and other intangible assets (250) (245) Proceeds from sales of property, plant and equipment and other intangible assets 8 11 Business acquisitions and investments in affiliated companies, and other (103) (22) Proceeds from divestitures 370 — Net debt proceeds 406 257 Dividends paid (365) (361) Share buyback/cancellations (40) (30) Purchase of treasury shares and tax withholdings for share-based incentive plans (89) (51) Other, including effect of exchange rate on cash and cash equivalents (95) (46) Net decrease in cash and cash equivalents (13) (259) Cash and cash equivalents balance at beginning of the year 850 689 Cash and cash equivalents balance at end of the period 837 430 U.S. GAAP Condensed Consolidated Balance Sheets (Unaudited) ($ million) June 30, 2023 December 31, 2023 Cash and cash equivalents 689 430 Trade receivables, net 1,875 1,820 Inventories, net 2,213 2,150 Property, plant, and equipment, net 3,762 3,810 Goodwill and other intangible assets, net 6,890 6,862 Other assets 1,574 1,655 Total assets 17,003 16,727 Trade payables 2,690 2,338 Short-term debt and current portion of long-term debt 93 58 Long-term debt, less current portion 6,653 7,011 Accruals and other liabilities 3,477 3,293 Shareholders' equity 4,090 4,027 Total liabilities and shareholders' equity 17,003 16,727 Components of Fiscal 2024 Net Sales growth Three Months Ended December 31, Six Months Ended December 31, ($ million) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total Net sales fiscal 2024 2,481 770 3,251 5,049 1,645 6,694 Net sales fiscal 2023 2,812 830 3,642 5,591 1,763 7,354 Reported Growth % (12) (7) (11) (10) (7) (9) FX % 2 1 2 2 1 2 Constant Currency Growth % (14) (8) (13) (12) (8) (11) RM Pass Through % (2) 2 (1) (1) — (1) Items affecting comparability % (3) — (2) (3) — (2) Comparable Constant Currency Growth % (9) (10) (10) (8) (8) (8) Acquired operations % 1 — — 1 — — Organic Growth % (10) (10) (10) (9) (8) (8) Volume % (10) (12) (10) (9) (9) (9) Price/Mix % — 2 — — 1 1 Reconciliation of Non-GAAP Measures Reconciliation of adjusted Earnings before interest, tax, depreciation, and amortization (EBITDA), Earnings before interest and tax (EBIT), Net income, Earnings per share (EPS) and Adjusted Free Cash Flow Three Months Ended December 31, 2022 Three Months Ended December 31, 2023 ($ million) EBITDA EBIT Net Income EPS (Diluted US cents)(1) EBITDA EBIT Net Income EPS (DilutedUS cents)(1) Net income attributable to Amcor 459 459 459 30.7 134 134 134 9.2 Net income attributable to non-controlling interests 2 2 2 2 Tax expense 33 33 28 28 Interest expense, net 68 68 78 78 Depreciation and amortization 141 145 EBITDA, EBIT, Net income, and EPS 703 562 459 30.7 387 242 134 9.2 Impact of highly inflationary accounting 5 5 5 0.3 34 34 34 2.4 Restructuring and other related activities, net(2) (207) (207) (207) (13.8) 24 24 24 1.7 Other (1) (1) (1) — 9 9 9 0.6 Amortization of acquired intangibles(3) 40 40 2.6 43 43 3.0 Tax effect of above items (19) (1.3) (17) (1.2) Adjusted EBITDA, EBIT, Net income and EPS 500 399 277 18.5 454 352 227 15.7 Reconciliation of adjusted growth to comparable constant currency growth % growth - Adjusted EBITDA, EBIT, Net income, and EPS (9) (12) (18) (15) % items affecting comparability(4) 6 7 8 7 % currency impact (2) (1) (2) (2) % comparable constant currency growth (5) (6) (12) (10) Adjusted EBITDA 500 454 Interest paid, net (77) (94) Income tax paid (57) (71) Purchase of property, plant and equipment and other intangible assets (99) (121) Proceeds from sales of property, plant and equipment and other intangible assets 4 7 Movement in working capital 56 60 Other 11 44 Adjusted Free Cash Flow 338 279 (1) Calculation of diluted EPS for the three months ended December 31, 2023 excludes net income attributable to shares to be repurchased under forward contracts of $1 million and $3 million for the three months ended December 31, 2022. (2) Includes incremental costs incurred in connection with the Russia-Ukraine conflict in fiscal year 2023. (3) Amortization of acquired intangible assets from business combinations. (4) Reflects the impact of disposed and ceased operations. Six Months Ended December 31, 2022 Six Months Ended December 31, 2023 ($ million) EBITDA EBIT NetIncome EPS (Diluted US cents)(1) EBITDA EBIT Net Income EPS(Diluted US cents)(1) Net income attributable to Amcor 691 691 691 46.1 286 286 286 19.8 Net income attributable to non-controllinginterests 4 4 4 4 Tax expense 91 91 67 67 Interest expense, net 118 118 153 153 Depreciation and amortization 283 287 EBITDA, EBIT, Net income, and EPS 1,187 904 691 46.1 797 510 286 19.8 Impact of highly inflationary accounting 13 13 13 0.9 51 51 51 3.6 Restructuring and other related activities, net(2) (204) (204) (204) (13.6) 52 52 52 3.6 Other (2) (2) (2) (0.1) 13 13 13 0.8 Amortization of acquired intangibles(3) 80 80 5.3 83 83 5.8 Tax effect of above items (30) (2.0) (32) (2.3) Adjusted EBITDA, EBIT, Net income and EPS 994 791 548 36.6 913 709 453 31.3 Reconciliation of adjusted growth to comparable constant currency growth % growth - Adjusted EBITDA, EBIT, Net income, and EPS (8) (10) (17) (14) % items affecting comparability(4) 5 6 7 6 % currency impact (2) (2) (2) (2) % comparable constant currency growth (5) (6) (12) (10) Adjusted EBITDA 994 913 Interest paid, net (112) (141) Income tax paid (91) (124) Purchase of property, plant and equipment and other intangible assets (250) (245) Proceeds from sales of property, plant and equipment and other intangible assets 8 11 Movement in working capital (610) (400) Other — 38 Adjusted Free Cash Flow (61) 52 (1) Calculation of diluted EPS for the six months ended December 31, 2023 excludes net income attributable to shares to be repurchased under forward contracts of $1 million and $6 million for the six months ended December 31, 2022. (2) Includes incremental costs incurred in connection with the Russia-Ukraine conflict in fiscal year 2023. (3) Amortization of acquired intangible assets from business combinations. (4) Reflects the impact of disposed and ceased operations. Reconciliation of adjusted EBIT by reportable segment Three Months Ended December 31, 2022 Three Months Ended December 31, 2023 ($ million) Flexibles Rigid Packaging Other Total Flexibles RigidPackaging Other Total Net income attributable to Amcor 459 134 Net income attributable to non-controlling interests 2 2 Tax expense 33 28 Interest expense, net 68 78 EBIT 516 50 (4) 562 250 11 (19) 242 Impact of highly inflationary accounting — 5 — 5 — 34 — 34 Restructuring and other related activities, net(1) (207) — — (207) 19 5 — 24 Other 6 — (7) (1) 1 — 8 9 Amortization of acquired intangibles(2) 38 2 — 40 42 1 — 43 Adjusted EBIT 353 57 (11) 399 312 51 (11) 352 Adjusted EBIT / sales % 12.5 % 6.9 % 11.0 % 12.6 % 6.6 % 10.8 % Reconciliation of adjusted growth to comparable constant currency growth % growth - Adjusted EBIT (12) (11) — (12) % items affecting comparability(3) 8 — — 7 % currency impact (1) (1) — (1) % comparable constant currency (5) (12) — (6) (1) Includes incremental costs incurred in connection with the Russia-Ukraine conflict in fiscal year 2023. (2) Amortization of acquired intangible assets from business combinations. (3) Reflects the impact of disposed and ceased operations. Six Months Ended December 31, 2022 Six Months Ended December 31, 2023 ($ million) Flexibles Rigid Packaging Other Total Flexibles Rigid Packaging Other Total Net income attributable to Amcor 691 286 Net income attributable to non-controlling interests 4 4 Tax expense 91 67 Interest expense, net 118 153 EBIT 827 107 (30) 904 506 51 (47) 510 Impact of highly inflationary accounting — 13 — 13 — 51 — 51 Restructuring and other related activities, net(1) (204) — — (204) 43 9 — 52 Other 6 — (8) (2) 4 — 9 13 Amortization of acquired intangibles(2) 77 3 — 80 81 2 — 83 Adjusted EBIT 706 123 (38) 791 634 113 (38) 709 Adjusted EBIT / sales % 12.6 % 7.0 % 10.8 % 12.6 % 6.9 % 10.6 % Reconciliation of adjusted growth to comparable constant currency growth % growth - Adjusted EBIT (10) (8) — (10) % items affecting comparability(3) 7 — — 6 % currency impact (2) (1) — (2) % comparable constant currency (5) (9) — (6) (1) Includes incremental costs incurred in connection with the Russia-Ukraine conflict in fiscal year 2023. (2) Amortization of acquired intangible assets from business combinations. (3) Reflects the impact of disposed and ceased operations. Reconciliation of net debt ($ million) June 30, 2023 December 31, 2023 Cash and cash equivalents (689) (430) Short-term debt 80 46 Current portion of long-term debt 13 12 Long-term debt, less current portion 6,653 7,011 Net debt 6,057 6,639
HANGZHOU, China, Feb. 6, 2024 /PRNewswire/ -- Hikvision today announced that it has joined the United Nations Global Compact (UNGC). The UNGC is the world's largest global corporate sustainability initiative. Devoted to advancing sustainable development and corporate citizenship, Hikvision joins more than 20,000 companies and 3,800 non-business participants who have similarly embraced the commitments of the UN Global Compact. Over the past several years, Hikvision has made continuous efforts to put into practice our understanding of 'Tech for Good', and operate in a more sustainable way. Joining the UNGC is yet another positive step to fulfill our global responsibility and increase transparency. Our technological innovation capabilities, ongoing efforts to create social value, and endeavors to enhance efficiency and effectiveness will all drive our work in sustainability. Hikvision Joins the United Nations Global Compact The initiative encourages companies to embed Ten Principles on human rights, labor, environment and anti-corruption into strategies and operations, and contribute to the United Nations Sustainable Development Goals (SDGs). Hikvision integrates corporate social responsibility and sustainable development philosophies into its business operations. Building on our industry-leading technologies, we empower customers across industries to pursue digital transformation, improving social well-being and accelerating sustainability. We are proud to see that Hikvision technologies are making contributions to, among others, wetland protection, forest fire prevention, and ecological governance of rivers and lakes. Committed to achieving greater accountability, the company constantly improves its governance, and takes action for low-carbon manufacturing, green operations, human rights due diligence, anti-corruption, employee care, and responsible supply chain. Hikvision believes that technologies can play a pivotal role in benefiting communities and nature. With this in mind, we have launched the STAR (Sustainability through Technology, Action for Responsibility) Program for Social Good, supporting projects of biodiversity conservation and environment protection. So far, we have partnered with more than 20 non-profit organizations. Dedicated to becoming a well-respected global technology company, Hikvision prioritizes corporate responsibility and enforces policies to ensure the company acts responsibly across its value chain. We will continue to explore best practices in corporate governance, compliance, green development to make a positive impact through technological innovation. We will also join the UNGC in its efforts towards a more sustainable future. To view current and previous Hikvision ESG reports, click here.
GLC Recycle and XTC New Energy partner to promote sustainable battery recycling and resource utilization GLC will supply XTC with Eco-Series battery raw materials Partnership creates closed-loop system for battery resources, accelerating the transition to a green circular economy. SINGAPORE, Feb. 6, 2024 /PRNewswire/ -- February 2nd, GLC Recycle, a global leader in battery recycling announced another new partnership to produce critical minerals essential for green energy transition. It will partner XTC New Energy Materials (Xiamen) Co., Ltd. (XTC New Energy), a leading Chinese manufacturer of new energy materials, to promote closed-loop recycling and utilization of battery resources. Battery Waste Recycling: XTC New Energy will have opportunities to purchase at least 10,000 tonnes of crude lithium carbonate produced by GLC from used battery recycling over the next three years. This closed-loop system ensures responsible end-of-life management for batteries and reduces reliance on virgin mining resources. GLC Recycle and XTC New Energy's partnership will support the production of eco-friendly batteries with a lower carbon footprint and establish a sustainable battery supply chain that minimizes environmental impact and maximizes resource efficiency. GLC Recycle utilizes AI-powered technology to recycle used batteries and electronic products, producing traceable low-carbon eco-battery raw materials. XTC New Energy, with its strong expertise in developing and manufacturing lithium-based battery materials, provides the perfect downstream partner for GLC's recycled resources. The partnership will focus on two key areas: "This partnership is a significant step forward in our mission to create a more sustainable battery ecosystem," said Mr Yang Mingdong, CEO of GLC Recycle. "By combining our expertise in recycling with XTC New Energy's manufacturing capabilities, we can offer customers truly green battery solutions while contributing to China's carbon neutrality goals." Mr Yang Jinhong, Chairman of XTC New Energy, added: "We are excited to partner with GLC Recycle and leverage our respective strengths to build a more circular and responsible battery supply chain. This collaboration not only benefits the environment but also strengthens our position as a leading provider of sustainable new energy materials." The strategic framework agreement between GLC Recycle and XTC New Energy marks a significant development in the battery recycling industry. By working together, both companies aim to set a new standard for responsible battery management and contribute to a greener future. About GLC Recycle GLC Recycle is a global leader in battery recycling. The company uses artificial intelligence-based technology that recycles waste batteries and electronics to produce traceable low-carbon eco-battery raw materials. GLC Recycle is committed to sustainability, social responsibility, and collaborates with partners throughout the battery supply chain to ensure that batteries are recycled in a responsible manner. Further information is available on the Internet at www.glcrecycle.com. About XTC New Energy XTC New Energy is an important manufacturer of cathode materials for lithium-ion batteries in the world, and its main business is the research and development, production, and sales of cathode materials for lithium-ion batteries. The main products are lithium cobalt oxide, NCM nickel-cobalt-manganese ternary materials, etc. In the last three years, the production capacity and shipments of lithium-ion battery cathode materials are in the forefront of the industry.
Aims to increase the percentage of recycled materials to 25% by 2025, above 30% by 2030 Sets goals and action plans, while encouraging participation from partners Moves towards a circular economy by joining forces with all stakeholders SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has established a roadmap to actively utilize recycled* and renewable** materials in production, marking the first case that a semiconductor company lays out such mid- to long-term plan. SK hynix’s recycled and renewable materials targets *Recycled Materials: Materials extracted, recovered and reprocessed from pre-consumer waste generated in the manufacturing process before arrival at end users or from post-consumer waste disposed of after use. **Renewable Materials: Sustainable materials that originate from nature and can be regenerated naturally over time, ultimately not depleted (e.g. wood, etc.). "In order to achieve Net Zero, or Carbon Neutrality, establishing a circular economy system centered on resource recycling has become an important task for countries and companies around the world," SK hynix said. "In line with this trend, we have decided to preemptively establish and faithfully implement the goal of increasing the use of recycled materials in stages." Through this roadmap, SK hynix aims to raise the proportion of recycled materials used in the products currently manufactured by the company to 25% by 2025 and more than 30% (based on weight) by 2030. As part of the plan, SK hynix will start with essential metals for semiconductor production, such as copper, tin, and gold, and replace them with recycled materials. Industry experts point out that metal materials are the most effective when it comes to resource circulation as they account for a large proportion of the weight of finished memory products and are difficult to replace with other materials. The company also plans to make all-out efforts to promote resource circularity, including replacing the plastic packaging used to protect finished semiconductor products with recycled plastic. To this end, SK hynix prepared an implementation system for the goals in the roadmap. The company will strengthen certification procedures and quality evaluation for recycled materials purchased directly by the company, and decide whether to apply the materials included in the parts supplied by business partners after receiving and reviewing the quality evaluation. In addition, SK hynix plans to encourage its suppliers to join the efforts to obtain validation from publicly trusted external organizations, such as ISO 14021*, to verify the use and proportion of recycled materials. In this process, the company will provide its unsparing support to its suppliers if necessary. *ISO 14021: Type 2 environmental label established by the International Organization for Standardization (ISO) that manufacturers adopt to declare themselves environmentally friendly "As a company that takes ESG management seriously, we intend to actively participate in the establishment of a global circular economy," said Junho Song, Vice President and Head of Advanced Quality & Analysis, of SK hynix. "While implementing this roadmap, we will work together with all stakeholders in the semiconductor supply chain, including customers and suppliers, to achieve practical results." "These materials are not an offer for sale of the securities of SK hynix Inc. in the United States. The securities may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. SK hynix Inc. does not intend to register any offering in the United States or to conduct a public offering of securities in the United States." About SK hynix Inc. SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM"), flash memory chips ("NAND flash") and CMOS Image Sensors ("CIS") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.
SINGAPORE, Jan. 29, 2024 /PRNewswire/ -- Agoda, the global digital travel platform, announced at the ASEAN Tourism Forum (ATF) that it has broadened its collaboration with World Wide Fund for Nature (WWF), expanding its Eco Deals Program to support eight conservation projects across Southeast Asia. As a part of ATF's official agenda, Agoda hosted a luncheon with the presence of ASEAN Tourism Ministers as well as Secretary-General of ASEAN. Agoda's CEO Omri Morgenshtern and Elizabeth Clarke, WWF-Singapore's Director of Conservation outlined the vision and goals for the partnership in the presence of representatives from ASEAN National Tourism Organizations, the ASEAN Secretariat and also ASEAN Dialogue Partners. Agoda's Eco Deals showcases an example of private-public partnership in support of ATF's theme: "Quality and responsible tourism - Sustaining ASEAN Future". Agoda will increase its donation to WWF-Singapore four-fold to USD $1 million as part of this year's Eco Deals Program, supporting the conservation efforts of local WWF offices in eight markets, including ATF host Lao PDR, as well as Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. As per the previous editions of the program, Agoda will donate USD $1 for each hotel booking made on hotels participating in the initiative. These funds will support WWF's diverse conservation projects, spanning marine, forest, and wildlife preservation, including the protection of Tigers in Malaysia, Whale Sharks in the Philippines, and Elephants in Thailand. The other projects receiving support this year focus on the conservation of Saolas in Vietnam, ecosystem restoration in Indonesia, ranger support in Cambodia, and improvement of urban wetlands in Lao PDR. The Eco Deals Program which is actively onboarding accommodation partners will go live to consumers on 3 March 2024 and run until 3 December 2024. From the ATF event on 26 January, Omri Morgenshtern, Chief Executive Officer, Agoda said: "As a company that aims to make travel possible for more people, we recognize we have a responsibility to contribute to the preservation of destinations. Through our longstanding partnership with WWF under the Eco Deals Program and the collaborative support of our hotel partners, we aspire to proactively champion initiatives that contribute to the further preservation and protection of the world, ensuring that it remains an environment for future generations to explore and enjoy." The Chair of the ASEAN Tourism Ministers Meeting (MATM), H.E. Minister Suanesavanh Vignaket of Ministry of Information, Culture, Tourism, Laos said, "We invite public and private sectors to actively participate in advancing and cultivating sustainable practices in ASEAN, aligning with the principles outlined in the ASEAN Framework on Sustainable Tourism Development. Noteworthy collaborations such as the partnership between Agoda and WWF serve as excellent examples, contributing significantly to raising awareness about responsible travel and ASEAN as travel destinations." Vivek Kumar, Chief Executive Officer, WWF-Singapore said: "WWF's latest Living Planet Report reveals a staggering 69% drop in wildlife populations on average in less than a lifetime. As an international hub, WWF-Singapore is well-positioned to continue driving positive change in Southeast Asia. The conservation impact we have achieved over the last two years showcases the tangible effect our collaboration has on the environment. As we embark on our third year of partnership with Agoda, we look forward to expanding projects for marine, forest, and wildlife conservation." The WWF conservation projects supported in the second edition of the Eco Deals Program saw some spectacular successes: In Singapore, 5 volunteer training sessions for the Cyber Spotters Program were conducted to equip 156 participants with the skills to identify over 6,000 illegal wildlife trade listings on online and social platforms. In Cambodia, a total of 41 government and 42 community rangers received training, completing 299 patrols covering over 17,000 km in the protected areas of Srepok and Phnom Prich Wildlife Sanctuaries, leading to the discovery of 13 illegal logging and poaching sites. In Indonesia, a total area of 142.39 hectares was restored through planting activities together with the local communities and stakeholders. 28 camera traps were deployed to monitor wildlife activity, capturing a rare image of a Sumatran Tiger and 2 cubs. In Malaysia, 20 teams consisting of 116 individuals patrolled the Belum-Temengor Forest Complex over 2,849 days and marked a second consecutive year of zero active snares were recorded. 282 camera traps were also installed in 141 locations within the landscape to monitor wildlife activity. In Vietnam, plans for the procurement of GPS and smartphones using SMART Connect and SMART Mobile for patrols are in place. Training courses have been scheduled to coach 90 rangers and technical staff at Yok Don National Park and the Dak Lak Elephant Conservation Centre on how to use SMART technology during their patrols to better manage and protect wildlife and their habitats. About Agoda: Agoda, a digital travel platform, helps anyone see the world for less with its great value deals on a global network of 4M hotels and holiday properties worldwide, plus flights, activities, and more. Agoda.com and the Agoda mobile app are available in 39 languages and supported by 24/7 customer support. Headquartered in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG) and employs more than 6,900 staff in 26 markets, dedicated to leveraging best-in-class technology to make travel even easier. About WWF-Singapore: World Wide Fund for Nature (WWF) is one of the world's largest and most respected independent conservation organizations. WWF's mission is to stop the degradation of Earth's natural environment and to build a future in which humans live in harmony with nature. As one of WWF's international hubs, WWF-Singapore supports a global network spanning over 100 countries. WWF-Singapore works closely with local stakeholders towards a greener and more sustainable Singapore and the region around us. We work to address key areas, such as climate change, sustainable finance, deforestation, illegal wildlife trade, marine conservation, as well as sustainable production and consumption, through collaboration, education, and outreach efforts involving communities, businesses, and governments.
A12 藝術空間
Conservation/Recycling
請先登入後才能發佈新聞。
還不是會員嗎？立即 加入台灣產經新聞網會員 ，使用免費新聞發佈服務。 （服務項目） （投稿規範）
