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AU$13.940
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Interim results for the six months ended 31 December 2019 - The a2 Milk Company

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Interim results for the six months ended 31 December 2019

February 27, 2020

DELIVERED STRONG FINANCIAL RESULTS
STRATEGY EXECUTION GAINING MOMENTUM

 

Results highlights for the half year ended 31 December 2019 (NZ$)1,2,3

  • Total revenue of $806.7 million, an increase of 31.6%
  • EBITDA4 of $263.2 million, an increase of 20.5%
  • Net profit after tax of $184.9 million, an increase of 21.1%
  • Basic earnings per share (EPS) of 25.15 cents, an increase of 20.6%
  • EBITDA to sales margin of 32.6%, better than expected
  • Operating cash flow of $160.6 million and a closing cash balance of $618.4 million
  • Marketing investment of $84.1 million targeting opportunities in China and the USA
  • Group infant nutrition revenue of $659.2 million, up 33.1%
  • Strong growth in China label infant nutrition, with sales doubling to $146.7 million and distribution expanded to 18,300 stores
  • USA milk revenue more than doubled and distribution expanded to 17,500 stores

 

Please click here to view the interim results commentary.

Please click here to view the interim report for the six months ended 31 December 2019.

Please click here to view the interim results presentation.

Please click here to listen to the interim results call recording.

 

1All figures are in New Zealand Dollars (NZ$) unless otherwise stated.
2 All comparisons are with the six months ended 31 December 2018 (1H19), unless otherwise stated.
3All figures are quoted based on all operations of the Group, without excluding discontinued operations, unless otherwise stated.
4Earnings before interest, tax, depreciation and amortisation (EBITDA) is a non-GAAP measure. However, the Company believes that it assists in providing investors with a comprehensive understanding of the underlying performance of the business. A reconciliation of EBITDA to net profit after tax is shown at the end of this document.

 

 

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