Amcor sees FY20 adjusted constant currency EPS growth of approximately 5%-10%
For the 2020 fiscal year, the company expects: Adjusted constant currency EPS growth of approximately 5%-10% compared with adjusted combined EPS of 58.2c per share in the 2019 fiscal year. Assuming 2019 average exchange rates, this implies a constant currency EPS range of 61c-64c per share. This guidance range is inclusive of pre-tax synergy benefits associated with the Bemis acquisition of $65M. Cash flow after dividends of between $200M-$300M, which is after deducting approximately $100M of cash integration costs. The additional guidance metrics for the 2020 fiscal year are: General corporate expenses in a range of $160M-$170M in constant currency terms; Net interest costs in a range of $230M-$250M in constant currency terms; and Adjusted effective tax rate range of 21%-23%. FY20 EPS/revenue consensus is 88c/$13.26B, repsectively.