07/12/2018 | Press release | Distributed by Public on 07/11/2018 14:53
Further to the trading update released on 16 May 2018, The a2 Milk Company is pleased to advise that unaudited Group revenue for the financial year ended 30 June 2018 (FY2018) totalled ~$922million, representing growth on the prior corresponding period of ~68%. The Company can now also confirm that it expects an EBITDA to Sales ratio for FY2018 to approximate 30%.
The Company has completed its planning cycle for FY2019 and, assuming general trading conditions do not change materially, the Company's expectations in respect of FY2019 include:
Notwithstanding the higher expenditure referred to above, the EBITDA to Sales ratio for FY2019 is assumed to be broadly consistent with the Company's expectations for FY2018.
For a PDF version of the announcement, please click here.