Ha u sheba mokhoa oa indasteri ea li-carton ka 2023 ho tloha boemong ba nts'etsopele ea linatla tsa liphahlo tsa Europe.
Selemong sena, linatla tsa lipakete tsa mabokose Europe li bolokile phaello e phahameng tlasa maemo a ntseng a mpefala, empa lebelo la bona la ho hapa le ka nka nako e kae?Ka kakaretso, 2022 e tla ba selemo se thata bakeng sa linatla tsa lipakete tsa mabokose.Ka ho phahama ha litšenyehelo tsa matla le litšenyehelo tsa basebetsi, lik'hamphani tse phahameng tsa Europe, ho kenyeletsa Smurf Cappa Group le Desma Group, le tsona li sebetsa ka thata ho sebetsana le bothata ba theko ea pampiri.Lebokose la pampiri
Ho ea ka bahlahlobisisi ba Jeffries, ho tloha ka 2020, e le karolo ea bohlokoa ea tlhahiso ea pampiri ea ho paka, theko ea lik'hateboto tse tsosolositsoeng Europe e batla e imenne habeli.Ho phaella moo, litšenyehelo tsa lebokose la lebokose la matsoalloa le entsoeng ka ho toba ho tloha likutung ho e-na le mabokose a tsosolositsoeng li latela mokhoa o tšoanang oa tsoelo-pele.Ka nako e ts'oanang, bareki ba hlokolosi ka litšenyehelo ba fokotsa tšebeliso ea bona ea chelete inthaneteng, e leng se fokotsang tlhoko ea mabokose.Mokotla oa pampiri
Lilemo tse monate tse tlisitsoeng ke COVID-19, joalo ka litaelo tse sebetsang ka botlalo, phepelo ea mabokose a tiileng, le litheko tse ntseng li phahama tsa setoko sa linatla tse pakang, kaofela li felile.Leha ho le joalo, leha ho le joalo, ts'ebetso ea lik'hamphani tsena e betere ho feta leha e le neng pele.Haufinyane tjena Smurfit Cappa e tlaleha hore EBITDA ea eona e eketsehile ka 43% ho tloha bofelong ba Pherekhong ho isa Loetse, athe chelete ea eona ea ts'ebetso le eona e eketsehile ka karolo ea boraro.Sena se bolela hore leha ho ntse ho e-na le kotara ea nako pele selemo sa 2022 se fela, lekeno le phaello ea chelete ka 2022 li fetile boemo ba pele ho seoa sa COVID-19.
Ho sa le joalo, Desma, seqhenqha se holimo sa liphahlo tsa UK, se phahamisitse ponelopele ea sona ea selemo le selemo ho tloha ka la 30 Mmesa 2023, a re phaello e fetotsoeng ea ts'ebetso halofo ea pele ea selemo e lokela ho ba bonyane liponto tse limilione tse 400, ha e bapisoa le limilione tse 351. liponto ka 2019. Mengdi, seqhenqha e 'ngoe ea liphutheloana, e ekelitse phaello ea eona ea motheo ka liphesente tse 3 le phaello e fetang habeli halofo ea pele ea selemo sena, le hoja e ntse e e-na le khoebo ea Serussia boemong bo thata ho feta ka lebaka la mathata a sa rarolloang.Lebokose la katiba
Lintlha tsa ntlafatso ea transaction ea Desma ka Mphalane li ne li fokola, empa e boletse hore "chelete ea mabokose a ts'oana e tlase hanyane".Ka mokhoa o ts'oanang, khōlo e matla ea Smurf Cappa ha se phello ea ho rekisa mabokose a mangata - thekiso ea li-carton tsa eona e ile ea lula e bataletse likhoeling tse robong tsa pele tsa 2022, 'me ea ba ea theoha ka 3% karolong ea boraro.Ho fapana le hoo, linatla tsena li eketsa phaello ea tsona ka ho eketsa theko ea lihlahisoa tsa tsona.Lebokose la cap ea baseball
Ho feta moo, tlhahiso ea chelete ha e bonahale e ntlafetse.Sebokeng sa tlaleho ea lichelete khoeling ena, Tony Smurf, CEO oa Smurf Cappa, o itse: "Bophahamo ba khoebo kotareng ea bone bo ts'oana haholo le seo re se boneng kotareng ea boraro.Hangata re lebella ho hlaphoheloa ka Keresemese.Ke ’nete hore ke nahana hore limmaraka tse ling tse kang Brithani le Jeremane li sebelitse ka mokhoa o itekanetseng likhoeling tse peli kapa tse tharo tse fetileng.”Lebokose la Scarf
Sena se lebisa potsong: Ho tla etsahala'ng ka indasteri ea mabokose a makotikoti ka 2023?Haeba 'maraka le tlhoko ea bareki ea liphutheloana tsa masenke li qala ho tsitsa, na baetsi ba liphutheloana ba ka tsoela pele ho eketsa litheko ho fumana phaello e holimo?Ka lebaka la maemo a thata a macro le thomello e fokolang ea mabokose a tlalehiloeng United States, bahlahlobisisi ba thabetse ntlafatso ea Smurf Cappa.Ka nako e ts'oanang, Smurfikapa o ile a hatisa hore "papiso pakeng tsa sehlopha le selemong se fetileng e matla haholo, 'me re lula re lumela hore sena ke boemo bo sa tsitsang".Lebokose la limpho tsa Keresemese
Leha ho le joalo, bo-ramatsete ba belaela haholo.Theko ea kabelo ea Smurf Cappa e ne e le tlase ho 25% ho feta tlhoro ea seoa, 'me theko ea kabelo ea Desma e theohile ka 31%.Ke mang ea nepileng?Katleho ha ea itšetleha feela ka thekiso ea li-carton le cardboard.Bahlahlobisisi ba Jeffries ba ile ba bolela esale pele hore ka lebaka la tlhokahalo e fokolang ea macro, theko ea khateboto e tsosolositsoeng e tla theoha, empa ba boetse ba hatisa hore litšenyehelo tsa pampiri le matla a litšila le tsona lia theoha, hobane ho boetse ho bolela hore litšenyehelo tsa tlhahiso ea liphutheloana lia theoha.
Ho ea ka pono ea rona, ntho e atisang ho hlokomolohuoa ke hore litšenyehelo tse tlase li ka ba le phello e kholo ho meputso.Qetellong, bakeng sa baetsi ba mabokose a nang le makotikoti, melemo ea ho fokotsa litšenyehelo e tla hlaha pele ho theko efe kapa efe e ka tlase ea li-carton, e leng eona e hlakileng haholoanyane nakong ea ho theoha (likhoeli tse 3-6).Ka kakaretso, meputso e tsoang lithekong tse tlaase e fokotsoa ka mokhoa o itseng ke litšenyehelo tse phahameng tsa meputso.”Bahlahlobisisi ba Jeffries ba boletse.Lebokose la liaparo
Ka nako e ts'oanang, bothata ba tlhokahalo ka boeona ha bo otlolohe ka ho feletseng.Le hoja khoebo ea e-commerce le ho fokotseha ha lebelo ho hlahisitse tšokelo e itseng ts'ebetsong ea lik'hamphani tsa ho paka ka masenke, karolo e kholo ka ho fetisisa ea thekiso ea lihlopha tsena hangata e likhoebong tse ling.Desma, hoo e ka bang 80% ea chelete e kenang e tsoa ho thepa ea bareki e tsamaeang ka potlako (FMCG), eo haholo-holo e leng lihlahisoa tse rekisoang lisuphamaketeng.Hoo e ka bang 70% ea sephutheloana sa mabokose a Smurf Cappa e fuoa bareki ba FMCG.Ka nts'etsopele ea 'maraka oa terminal, sena se lokela ho ipaka se le bonolo.Desma o hlokometse kholo e ntle ea ho nkela polasetiki sebaka le masimo a mang.
Ka hona, leha ho na le ho feto-fetoha ha tlhokahalo, ha ho na monyetla oa ho oela ka tlase ho ntlha e itseng - haholo ha ho nahanoa ka ho khutla ha bareki ba indasteri ba anngoeng haholo ke seoa sa COVID-19.Sena se tšehetsoa ke ts'ebetso ea morao-rao ea MacFarlane (MACF), e bontšitseng hore ho hlaphoheloa ha bareki liindastering tsa lifofane, boenjiniere le lihotele ho fokotsa phello ea ho fokotseha ha mabenkele a marang-rang, 'me chelete ea k'hamphani e eketsehile ka 14% lekhetlo la pele. likhoeli tse tšeletseng tsa 2022. lebokose la ho fana ka lijo tsa liphoofolo tsa lapeng
Li-packers tse nang le makotikoti le tsona li sebelisa seoa sena ho ntlafatsa lipalo tsa tsona.Tony Smoffey, CEO oa Smoffey Kappa, o hatelletse hore sebopeho sa motse-moholo oa k'hamphani ea hae se "boemong bo botle ka ho fetesisa nalaneng ea rona", mme phaello e ngata ea mekoloto / pele ho tefiso e tlase ho makhetlo a 1.4.Miles Roberts, CEO oa Desma, o lumellane le sena ka September, a re mokoloto / phaello ea phaello ea pele ea sehlopha e theohile ho makhetlo a 1.6, "e leng e 'ngoe ea likarolo tse tlaase ka ho fetisisa lilemong tse ngata".lebokose la thepa
Tsena tsohle hammoho li bolela hore bahlahlobisisi ba bang ba lumela hore 'maraka o tsoetse pele, haholo-holo tabeng ea FTSE 100 index packers, bao theko ea bona e theohileng hoo e ka bang 20% ho tsoa ho phaello e neng e lebelletsoe pele ho tefo.Ka sebele boleng ba bona boa hohela.Karolelano ea pele ea P/E ea Desma ke 8,7 feela, ha karolelano ea lilemo tse hlano e le 11.1, ha karo-karolelano ea P/E ea Smurfikapa ke 10.4, 'me karolelano ea lilemo tse hlano ke 12,3.Ho isa tekanyong e kholo, ho ipapisitse le hore na k'hamphani e ka kholisa batseteli hore ba ka tsoela pele ho ba le ts'ebetso e makatsang ka 2023.lebokose la poso la poso
Nako ea poso: Dec-27-2022