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Bellamy's Australia Announces Results for First Half of 2019 Financial Year

27 Feb 2019  |  07:46:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1H19 Results Announcement

Bellamy's Australia announced its results for the first half of the 2019 financial year. A normalised 1H 2019 Group Revenue result of $130m and EBITDA result of $26m largely reflects the net impact of lower revenue and an improved gross margin. The Company retain a positive balance sheet with group cash increasing to $95m, zero debt levels and continued access to a $40m working capital debt facility. Normalised Group EBITDA is 18-22% of revenue, reflecting lower forecast revenue and increased investment in marketing and the China team over the coming period.

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