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Company News Summary

The a2 Milk Company Provides FY 2018 Trading Update and FY 2019 Outlook

12 Jul 2018  |  07:38:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY2018 Trading Update and FY2019 Outlook

The a2 Milk Company advise that unaudited Group revenue for the financial year ended 30 June 2018 (FY 2018) totalled $922m, representing growth on the pcp of 68%. The Company can also confirm that it expects an EBITDA to Sales ratio for FY 2018 to 30%. The EBITDA to Sales ratio for FY 2019 is assumed to be broadly consistent with the Company's expectations for FY 2018. The Company has completed its planning cycle for FY 2019 and, assuming general trading conditions do not change materially, the Company's expectations in respect of FY 2019 include further growth in revenue particularly in respect of nutritional products and one-off costs associated with the transition to a new CEO as recently advised.

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