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Amcor Annual Report 2024: Strategic Resilience, Innovation, and a Future-Focused Packaging Vision

Amcor plc, a global leader in responsible packaging, has released its Annual Report for Fiscal Year 2024, showcasing a powerful blend of financial resilience, innovation, and sustainability leadership. Amid a challenging macroeconomic backdrop—marked by inflation, supply chain volatility, and shifting customer demand—Amcor demonstrated strong margin preservation, innovation-driven growth, and strategic investments for the future.

This article presents the key highlights, market intelligence, and segment-wise insights drawn from the report, helping investors, analysts, and packaging professionals uncover where the $13.6 billion packaging giant is headed.

📥 [Buy Full Report PDF] – Unlock over 130 pages of financials, ESG performance, and exclusive insights into Amcor’s global packaging operations.
Email: sales@towardspackaging.com


💰 Financial Performance Snapshot (FY2024)

Amcor delivered $13.64 billion in revenue, with GAAP Net Income of $730 million, despite a 7% year-over-year decline in sales.

Metric FY2023 FY2024 Change
Net Sales $14.69B $13.64B ▼ 7%
GAAP Net Income $1.05B $730M ▼ 30%
Adjusted EBIT $1.61B $1.56B ▼ 3%
Adjusted EPS 73.3¢ 70.2¢ ▼ 4%
Free Cash Flow $848M $952M ▲ 12%
Dividend/Share 48¢ 50¢ ▲ 4.2%

💡 Strategic Note: Amcor returned $750 million to shareholders and achieved strong free cash flow, affirming its commitment to long-term value creation and financial discipline.


🏭 Business Segment Insights

✅ Flexibles Segment (76% of Sales)

  • Sales: $10.33B (▼ 7%)

  • Adjusted EBIT Margin: 13.5% (↑ from 12.8%)

  • Strong markets: India, China, Brazil

  • Innovation Spotlight: AmFiber™ and AmPrima™ Plus sustainable packaging

💬 “Volume growth returned in Q4 FY2024, indicating recovering customer demand.”

Rigid Packaging Segment (24% of Sales)

  • Sales: $3.31B (▼ 7%)

  • EBIT Margin: 7.8%

  • North America: Beverage volumes ▼ 12%

  • Latin America: Growth in Brazil and Colombia


🌱 Sustainability & Innovation: Driving the Future

Amcor is redefining the packaging landscape through ESG excellence and R&D-driven innovation:

  • ♻️ 10% recycled content achieved—1 year ahead of target

  • 🎯 Goal: 30% recycled content by 2030

  • 🏆 Recognitions:

    • MSCI ESG Rating: A

    • CDP Climate Score: B

    • EcoVadis: Gold

  • 💡 $100M invested annually in R&D

  • 🚀 New launches: 100% PCR beverage bottles, curbside-recyclable paper packaging

“Sustainability is not just a priority—it’s our pathway to long-term growth.” — Amcor CEO


🌍 Global Footprint & Sales Mix

  • Employees: ~41,000

  • Facilities: 212 sites across 40 countries

  • Sales by Region:

    • North America: 48%

    • Western Europe: 22%

    • Emerging Markets: 27%

    • ANZ: 3%


📈 2025 Outlook: Positioned for Growth

“With improved customer demand and robust cost control, Amcor expects Adjusted EPS of 72–76¢ and Free Cash Flow of up to $1B in FY2025.”

Amcor continues to execute a strategy of:

  • Investing in India and North America dairy packaging

  • Scaling recycle-ready materials

  • Prioritizing innovation and digital transformation


📌 Why You Should Buy the Full Report

The complete Amcor Annual Report 2024 offers over 130 pages of actionable insights for:

  • 📊 Investors & Analysts: Understand capital allocation, market trends, and EBIT by geography

  • 🏭 Packaging Buyers & OEMs: Learn about product categories, ESG certifications, and material innovation

  • 🌿 Sustainability Teams: Gain clarity on Amcor’s carbon footprint, decarbonization roadmap, and recyclable material stats

📥 Get Your Copy Now
🔗 Email: sales@towardspackaging.com
📄 Format: PDF | Instant Access | Verified Source

Elodie Blanc

Meet Elodie Blanc, an esteemed authority in the packaging industry with over a decade of experience spanning various sectors. With a background in Industrial Design, she blends creativity with technical prowess to drive innovation. Elodie's expertise encompasses sustainability, digital integration, and emerging trends like smart packaging. She's renowned for spearheading eco-friendly initiatives, advocating for recyclable and biodegradable materials. Beyond her hands-on work, Élodie contributes to Packaging Web Wire, a premier online platform under Towards Packaging - Business Consulting Service. Her insightful articles and speeches at industry events solidify her status as a thought leader. Recognized for her contributions, Elodie continues to shape the future of packaging, prioritizing functionality, aesthetics, and sustainability. With her leadership, the industry evolves towards a more responsible and innovative future.

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