Uma ubheka umkhuba wemboni yeCarton ngo-2023 esimweni sokuthuthukiswa kwama-pocker amakhulu ahlanganisiwe
Kulonyaka, iziqhwaga zokupakisha zeCarton eYurophu ziye zagcina inzuzo ephezulu ngaphansi kwesimo esiwohlokayo, kepha ingabe i-Streek yabo ingagcina isikhathi esingakanani? Ngokuvamile, kuzoba ngu-2022 unyaka onzima wokupakisha ama-carton apakisha. Ngokukhuphuka kwezindleko zamandla nezindleko zabasebenzi, izinkampani eziphezulu zaseYurophu, kufaka phakathi iqembu le-smurf Cappa kanye ne-Desma Group, nazo zisebenza kanzima ukubhekana nenkinga yamanani entengo.Ibhokisi lephepha
Ngokusho kwabahlaziyi bakaJeffries ', kusukela ngo-2020, njengengxenye ebalulekile yokufakwa kwamaphepha ephepha, intengo yamakhadibhodi asetshenziswe kabusha eYurophu icishe yaphindeka kabili. Ngaphezu kwalokho, izindleko zebhokisi lemibhalo yendabuko elenziwe ngokuqondile kusuka kuma-logs kunokuba amabhokisi asetshenziswe kabusha alandela i-trajectory efanayo yentuthuko. Ngasikhathi sinye, abathengi abazindleko banciphisa ukusetshenziswa kwabo kwe-inthanethi, okwakunciphisa isidingo samabhokisi. Isikhwama sephepha
Iminyaka ekhazimulayo yaletha nge-covid-19, efana nemiyalo esebenza ngokugcwele, ukuhanjiswa kwamakhathuni okuqinile, kanye nezintengo zesitoko sezitoko zokupakishwa, wonke aphela. Kodwa-ke, noma kunjalo, ukusebenza kwalezi zinkampani kungcono kunangaphambili. I-SMURFIT CAPPA isanda kubika ukuthi i-EBITDA yayo inyuke ngo-43% kusukela ekupheleni kukaJanuwari kuya kuSepthemba, kanti imali yayo yokusebenza iphinde yanda ngowesithathu. Lokhu kusho ukuthi yize kusenengxenye yekota yesikhathi ngaphambi kokuphela kuka-2022, imali engenayo kanye nenzuzo yemali ngo-2022 idlulile kuleli zinga ngaphambi kobhubhane lwe-19.
Okwamanje, i-DEMA, i-TOP TOPAGLIGING TACKING GAINTING e-UK, iphakamise isimo sayo sonyaka kusukela ngo-Ephreli 30, 2023, ikhuphule inzuzo yayo eyisisekelo engxenyeni yokuqala yamaphesenti angama-300. I-MEngDI, iphinde yandise inzuzo yayo eyisisekelo engxenyeni yokuqala yalo nyaka, yize isekhona Ibhizinisi laseRussia esimweni esinzima ngokwengeziwe ngenxa yezinkinga ezingalungiswa.Ibhokisi le-hat
Imininingwane yokuvuselelwa kwe-DEMA ka-Okthoba ngo-Okthoba yayimbalwa, kepha ibike ngathi ukuthi "inzuzo yamabhokisi afanayo ahlanganisiwe iphansi kancane". Ngokufanayo, ukukhula okuqinile kwe-smrf Cappa akuwona umphumela wokuthengisa amabhokisi amaningi - ukuthengiswa kwalo kwe-carton okuhlanganisiwe kwahlala kufulethi ezinyangeni eziyisishiyagalolunye zokuqala zango-2022, kwaze kwawa ngo-3% kwikota yesithathu. Ngokuphambene nalokho, la ma-Giants akhulisa inzuzo yawo ngokwandisa inani lemikhiqizo yawo.Ibhokisi le-baseball cap
Ngaphezu kwalokho, inzuzo ayibonakali sengathi ithuthukile. Okolweni Wenkomfa Yezezimali Call kule nyanga, uTony Smurf, Isikhulu esiphezulu seSmurf Cappa, uthe: "Ivolumu yokuhweba ngekota yesine ifana kakhulu nalokho esikubonile kuKhisimusi." Ibhokisi le-Scarf
Lokhu kuholela embuzweni: Kuzokwenzekani embonini yamabhokisi ahlanganisiwe ngo-2023? Uma imakethe kanye nesidingo sokufakwa kwabathengi kuqale ukuzinza, ingabe abakhiqizi bokupakisha abangahle baqhubeke bakhuphula amanani ukuthola inzuzo ephezulu? Ngenxa yesizinda esinzima se-macro kanye nokuhanjiswa okubuthakathaka kwe-carton ebibikwe e-United States, abahlaziyi bajabule ngesibuyekezo se-smrf cappa. Ngasikhathi sinye, iSmurfikapa igcizelele ukuthi "ukuqhathanisa phakathi kweqembu nonyaka owedlule kuqine kakhulu, futhi sihlala sikholwa ukuthi lesi yileveli engagcineki". Ibhokisi lesipho sikaKhisimusi
Kodwa-ke, abatshalizimali bayangabaza kakhulu. Intengo yokwabelana ye-SMUR CAPPA yayingaphansi kwama-25% kunesilinganiso esiphakeme sobhubhane, futhi inani lesabelo se-DAMA lihle ngo-31%. Ubani olungile? Impumelelo incike hhayi kuphela ku-carton nokuthengisa amakhadibhodi. Abahlaziyi beJeffries 'babikezela ukuthi ngenxa yesidingo esibuthakathaka se-macro, intengo yekhadibhodi esetshenziswe kabusha ingawa, kodwa futhi bagcizelele ukuthi izindleko zephepha lokungcola namandla nazo ziyawa, ngoba kusho nokuthi izindleko zokukhiqizwa kokupakisha ziyawa.
"Ngokubona kwethu, okuvame ukunganakwa ukuthi izindleko eziphansi zingaba nomphumela omkhulu wokushayela imali etholwayo. Kusho abahlaziyi beJeffries. Ibhokisi lezingubo
Ngasikhathi sinye, inkinga yesidingo ngokwayo ayiqondile ngokuphelele. Yize i-e-commerce kanye ne-slowdown kubuke usongo oluthile ekusebenzeni kwezinkampani ezihlanganisiwe zokufaka, isabelo esikhulu sokuthengisa salamaqembu kaningi kwamanye amabhizinisi. Ku-decma, cishe ama-80% wemali engenayo ivela ezimpahleni ezihamba phambili zabathengi (FMCG), okuyimikhiqizo ethengiswayo ezitolo ezinkulu. Cishe ama-70% okupakishwa kwebhokisi le-smrf Cappa kunikezwa kumakhasimende we-FMCG. Ngokuthuthukiswa kwemakethe yokugcina, lokhu kufanele kube nezimo. UDesma ubonile ukukhula okuhle ekuthatheni esikhundleni sepulasitiki nezinye izinkambu.
Ngakho-ke, naphezu kokuguquguquka kwesidingo, akunakwenzeka ukuthi ukuwa ngaphansi kwephuzu elithile - ikakhulukazi ukubheka ukubuya kwamakhasimende wezimboni ahlaselwe kakhulu ngubhubhane lwezimboni. Lokhu kusekelwa ukusebenza kwakamuva kweMacfarlane (Macf), okwakuveza ukuthi ukululama kwamakhasimende esikhungweni sezindiza, ezobunjiniyela kanye nezezimali kususwe umthelela we-avatiation, kanti imali engenayo yenkampani yanda ngo-14% ezinyangeni eziyisithupha zokuqala ezingama-2022. Ibhokisi lokulethwa kwezilwane zasekhaya
Amaphakethe ahlanganisiwe nawo asebenzisa ubhubhane ukuze athuthukise amashidi awo alinganayo. UTony Smoffey, Isikhulu esiphezulu sikaSmoffey Kappa, sigcizelele ukuthi isakhiwo sezinhloko zenkampani yakhe "esimweni esihle kakhulu emlandweni wethu", kanye nesikweletu / isikweletu / isikweletu / isikweletu senzuzo amaningi bekungaphansi kwezikhathi eziyi-1,4. Amakhilomitha ama-Roberts, i-CEO ye-DECA, avumelana nalokhu ngoSepthemba, ethi isikweletu / isiphetho sangaphambi kokukhishwa inzuzo yeqembu sehle ngezikhathi eziyi-1,6, "okuyinye yezilinganiso eziphansi kakhulu eminyakeni eminingi".ibhokisi lokuthumela
Zonke lezi zinto zisho ukuthi abanye abahlaziyi bakholelwa ukuthi imakethe iye yathuthuka, ikakhulukazi esimweni sabaphaqi be-FTSE 100, amanani abo awela ama-20% avela ku-Adortization alindelekile kakhulu. Ukulinganisa kwabo kuyakhanga. Isilinganiso sangaphambili se-P / E sika-Desma singama-8,7 kuphela, ngenkathi isilinganiso seminyaka emihlanu singu-11.1, ngenkathi isilinganiso sakwaProd F / E sikaSmurfikapa singu-10.4, kanti isilinganiso seminyaka emihlanu singu-12.3. Ngokwezinga elikhulu, kuya ngokuthi inkampani ingabiza abatshalizimali ukuthi bangaqhubeka nokusebenza okumangazayo ngo-2023.Ibhokisi lokuthumela le-imeyili
Isikhathi sePosi: Dece-27-2022