Higher Energy and Material Costs Weigh Down Amcor's Operating Margins

Amcor’s strategy revolves around strategic acquisitions and divestments, market share growth, and investment in capacity and capabilities. We see several merits to its strategy, which has led to organic and acquisitive growth and average annual returns on invested capital of 9% over the five years to fiscal 2025, including goodwill, comparing favorably against a weighted average cost of capital of 8%.