Urebye imigendekere yinganda zamakarito muri 2023 uhereye kumiterere yiterambere ryiburayi byapakiye ibipfunyika

Urebye imigendekere yinganda zamakarito muri 2023 uhereye kumiterere yiterambere ryiburayi byapakiye ibipfunyika
Uyu mwaka, ibihangange bipakira amakarito mu Burayi byakomeje inyungu nyinshi mu bihe bibi, ariko intsinzi yabo ishobora kumara igihe kingana iki? Muri rusange, 2022 uzaba umwaka utoroshye kubikarito bipfunyika. Hamwe n'izamuka ry’ibiciro by’ingufu n’ibiciro by’umurimo, amasosiyete akomeye yo mu Burayi, harimo na Smurf Cappa Group na Desma Group, na yo arakora cyane kugira ngo akemure ikibazo cy’ibiciro by’impapuro.Agasanduku k'impapuro
Abasesenguzi ba Jeffries bavuga ko guhera mu 2020, nk'igice cy'ingenzi mu gupakira impapuro, igiciro cy'ikarito yatunganijwe mu Burayi cyikubye hafi kabiri. Mubyongeyeho, ikiguzi cyibisanduku kavukire bikozwe mu biti aho kuba amakarito yongeye gukoreshwa bikurikiza inzira isa niterambere. Muri icyo gihe, abaguzi bazi neza ikiguzi bagabanya amafaranga bakoresha kuri interineti, ibyo bikaba bigabanya no gukenera amakarito. Umufuka wimpapuro
Imyaka y'icyubahiro yazanwe na COVID-19, nk'ibicuruzwa bikora ku bushobozi bwuzuye, gutanga amakarito akomeye, hamwe n'izamuka ry'ibiciro by'ibicuruzwa binini bipakira, byose byarangiye. Ariko, nubwo bimeze bityo, imikorere yibi bigo ni nziza kuruta mbere hose. Smurfit Cappa iherutse gutangaza ko EBITDA yayo yiyongereyeho 43% guhera mu mpera za Mutarama kugeza muri Nzeri, mu gihe amafaranga yinjira nayo yiyongereyeho kimwe cya gatatu. Ibi bivuze ko nubwo hakiri kimwe cya kane cyigihe mbere yimpera za 2022, amafaranga yinjiza ninyungu zamafaranga muri 2022 yarenze urwego mbere yicyorezo cya COVID-19.
Hagati aho, Desma, igihangange cyo gupakira ibicuruzwa mu Bwongereza, yazamuye iteganyagihe ry’umwaka guhera ku ya 30 Mata 2023, avuga ko inyungu zahinduwe mu gice cya mbere cy'umwaka zigomba kuba nibura miliyoni 400 z'amapound, ugereranije na miliyoni 351 pound muri 2019. Mengdi, ikindi gihangange cyo gupakira, yongereye inyungu y’ibanze ku manota 3 ku ijana kandi yikubye inshuro ebyiri inyungu zayo mu gice cya mbere cy’uyu mwaka, nubwo igifite ubucuruzi bw’Uburusiya mu bihe bigoye kubera ibibazo bitarakemuka.Agasanduku k'ingofero
Ibikorwa byo kuvugurura ibikorwa bya Desma mu Kwakira byari bike, ariko byavugaga ko "igicuruzwa cyibisanduku bisa nkibiri hasi". Mu buryo nk'ubwo, ubwiyongere bukomeye bwa Smurf Cappa ntabwo ari ingaruka zo kugurisha amakarito menshi - kugurisha amakarito ya karito yagumye kuba meza mu mezi icyenda ya mbere ya 2022, ndetse yagabanutseho 3% mu gihembwe cya gatatu. Ibinyuranye, ibyo bihangange byongera inyungu byongera igiciro cyibicuruzwa byabo.Umukino wa baseball
Byongeye kandi, ibicuruzwa ntabwo bisa nkaho byateye imbere. Mu nama ya raporo y’imari yahamagaye muri uku kwezi, Tony Smurf, umuyobozi mukuru wa Smurf Cappa, yagize ati: “Umubare w’ubucuruzi mu gihembwe cya kane urasa cyane n’ibyo twabonye mu gihembwe cya gatatu. Mubisanzwe turateganya gukira kuri Noheri. Birumvikana ko ntekereza ko amasoko amwe n'amwe nk'Ubwongereza n'Ubudage yagiye akora nabi mu mezi abiri cyangwa atatu ashize. ” Agasanduku k'igitambara
Ibi biganisha ku kibazo: Bizagenda bite mu nganda zikora ibisanduku muri 2023? Niba isoko hamwe n’abaguzi bakeneye ibicuruzwa bipfunyitse bitangiye guhagarara neza, abakora ibicuruzwa bipfunyitse barashobora gukomeza kuzamura ibiciro kugirango babone inyungu nyinshi? Urebye imiterere ya macro itoroshye hamwe no kohereza amakarito adakomeye byavuzwe muri Amerika, abasesenguzi bishimiye ivugururwa rya Smurf Cappa. Muri icyo gihe, Smurfikapa yashimangiye ko "kugereranya itsinda n’umwaka ushize birakomeye cyane, kandi buri gihe twemera ko uru ari urwego rudashoboka". Agasanduku k'impano ya Noheri
Ariko, abashoramari barashidikanya cyane. Igiciro cy’imigabane ya Smurf Cappa cyari munsi ya 25% ugereranije n’icyorezo cy’icyorezo, naho imigabane ya Desma yagabanutseho 31%. Ninde ufite ukuri? Intsinzi ntabwo ishingiye gusa kugurisha amakarito namakarito. Abasesenguzi ba Jeffries bahanuye ko bitewe n’ubushake buke bwa macro, igiciro cy’ikarito yongeye gukoreshwa kizagabanuka, ariko banashimangira ko igiciro cy’impapuro n’ingufu nacyo kigabanuka, kuko bivuze kandi ko igiciro cy’ibicuruzwa bipfunyika kigabanuka.
Ati: "Nkuko tubibona, igikunze kwirengagizwa ni uko ibiciro biri hasi bishobora kugira ingaruka zikomeye ku kwinjiza. Ubwanyuma, kubakora agasanduku k'isanduku, inyungu zo kugabanya ibiciro bizagaragara mbere yikiguzi cyo hasi cyikarito yo hasi, ikaba igaragara cyane mugihe cyo kugabanuka (amezi 3-6). Muri rusange, inyungu ziva mu biciro biri hasi zuzuzwa igice bitewe n'amafaranga yinjiza. ” Abasesenguzi ba Jeffries bavuze. Agasanduku k'imyenda
Mugihe kimwe, ikibazo cyibisabwa ubwacyo ntabwo cyoroshye rwose. Nubwo e-ubucuruzi no gutinda byateje ikibazo runaka kumikorere yamasosiyete apakira ibicuruzwa, umugabane munini wigurisha ryaya matsinda usanga mubindi bucuruzi. Muri Desma, hafi 80% byinjiza biva mubicuruzwa byihuta byihuta (FMCG), nibicuruzwa bigurishwa mumaduka manini. Hafi 70% yikarito ipakira ya Smurf Cappa ihabwa abakiriya ba FMCG. Hamwe niterambere ryisoko ryanyuma, ibi bigomba kwerekana ko byoroshye. Desma yabonye iterambere ryiza mugusimbuza plastike nizindi nzego.
Kubwibyo, nubwo ihindagurika ryibisabwa, ntibishoboka ko rigwa munsi yikintu runaka - cyane cyane urebye kugaruka kwabakiriya binganda bibasiwe cyane nicyorezo cya COVID-19. Ibi bishimangirwa n’imikorere iherutse gukorwa na MacFarlane (MACF), yerekanaga ko kugarura abakiriya mu nganda z’indege, ubwubatsi n’amahoteri bikuraho ingaruka z’ubudindiza bw’ubucuruzi bwo kuri interineti, kandi amafaranga y’isosiyete yiyongereyeho 14% mu cya mbere amezi atandatu yo muri 2022. agasanduku ko kugaburira amatungo
Abapakira neza kandi bakoresha icyorezo kugirango bongere impapuro zabo. Tony Smoffey, umuyobozi mukuru wa Smoffey Kappa, yashimangiye ko imiterere y’imari shingiro y’isosiyete ye “iri mu bihe byiza mu mateka yacu”, kandi inyungu / umwenda / pre amortisation inyungu itari munsi y’incuro 1.4. Miles Roberts, umuyobozi mukuru wa Desma, yabyemeye muri Nzeri, avuga ko igipimo cy’inyungu / pre amortisation y’inyungu cy’itsinda cyamanutse kugera ku nshuro 1.6, “kikaba ari kimwe mu bipimo biri hasi cyane mu myaka myinshi”.agasanduku k'ubwato
Ibi byose hamwe bivuze ko abasesenguzi bamwe bemeza ko isoko ryakabije, cyane cyane kubireba abapakira ibicuruzwa bya FTSE 100, ibiciro byabo byagabanutse kugera kuri 20% bivuye ku nyungu ziteganijwe mbere yo gukuramo amortité. Agaciro kabo rwose karashimishije. Ikigereranyo cya P / E imbere ya Desma ni 8.7 gusa, mugihe impuzandengo yimyaka itanu ni 11.1, mugihe P / E igana imbere ya Smurfikapa ni 10.4, naho imyaka itanu ni 12.3. Ahanini, biterwa n’uko sosiyete ishobora kwemeza abashoramari ko bashobora gukomeza kugira imikorere itangaje muri 2023.agasanduku k'iposita