August 18, 2020
FY20 Full year results
Strong financial results and execution continuing
Results highlights for the full year ended 30 June 2020 (NZ$)1,2,3
- Total revenue of $1.73 billion, an increase of 32.8%
- EBITDA4 of $549.7 million, an increase of 32.9%
- Net profit after tax of $385.8 million, an increase of 34.1%
- Basic earnings per share (EPS) of 52.39 cents, an increase of 33.5%
- EBITDA to sales margin of 31.7%
- Operating cash flow of $427.4 million and a closing cash balance of $854.2 million
- Marketing investment of $194.3 million5 targeting opportunities in China and the USA, an increase of 45.1%
- Group infant nutrition revenue of $1.42 billion, up 33.8%
- Strong growth in China label infant nutrition, with sales more than doubling to $337.7 million and distribution expanded to ~19.1k stores
- USA milk revenue growth of 91.2% and distribution expanded to ~20.3k stores
To view the full year results commentary FY20, please click here
To view the FY20 Annual Report, please click here
To view the FY20 Annual Report (single page for printing), please click here
To view the FY20 Annual Results Presentation, please click here
To hear the FY20 Annual Results Call, please click here
