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Bellamy's Australia Provides 1H 2019 Results Presentation

27 Feb 2019  |  07:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1H19 Results Presentation

Bellamy's Australia provided 1H 2019 results presentation. It reported 1H 2019 group revenue of $130m and EBITDA of $26m on a normalised basis. Implications for the full-year result is greater than anticipated, with a revised group revenue target of $275m-300m and normalised EBITDA margin of 18-22% reflecting greater investment. The group cash balance increased by $7m to $95m. Cash conversion is impacted in the period by Cyclical phasing of creditor payment cycles and structural changes in its supply chain as a result of direct sourcing strategy.

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