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Outstanding growth in infant formula drives record results for The a2 Milk CompanyFull year forecast revised upward - The a2 Milk Company

Market announcements

Outstanding growth in infant formula drives record results for The a2 Milk Company
Full year forecast revised upward

February 17, 2016

NZX/ASX Market Release

 

Overview – financial results for the 6 months ended 31 December 2015 (NZ$m)

  • Total revenue of $139.1 million, an increase of 86% over the prior corresponding period (pcp)
  • Substantial growth in sales of a2 Platinum® infant formula across Australia and New Zealand (ANZ) and China with total revenue of $73.9 million, up 340% on pcp. This compares with previously advised sales for the four months to 31 October 2015 of $38.0 million
  • Net profit after tax of $10.1 million, compared to $0.1 million in pcp
  • Group operating EBITDA of $18.7 million, representing a 472% increase on pcp. This result includes expensing establishment costs in the USA and UK markets of $8.1 million, record operating performance in ANZ and significant growth in China
  • Increased fresh milk performance in Australia with sales up 5% in AUD over the pcp
  • Accordingly, the full year forecast has been revised upward with Group revenue in the range of $335 million to $350 million and Group operating EBITDA forecast to be in the range of $45 million to $49 million

 

To view the half year 2016 results commentary, please click here

To view the half year 2016 results presentation, please click here

To view the half year 2016 results report, please click here

To view the preliminary half year 2016 report announcement, please click here

To view the NZX results, please click here

To view the ASX Appendix 4D, please click here

 

View a selection of media coverage from around the world

Sky News Business interview with Geoffrey Babidge, CEO:

 

Press articles:

  • Bloomberg Business  – The milk you’ve never heard of that’s rocking the dairy world (1st March 2016)
  • New Zealand Herald – The rise and rise of a2 Milk (4th March 2016)

 

View all announcements at

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