Brief: a2 Milk Sees FY25 Revenue Growth Of Mid-Single Digit Percent

A2 Milk

18/08/2024 21:37

Aug 19 (Reuters) - a2 Milk Company Ltd  ATM.NZ :
    * FY25 GUIDANCE FOR REVENUE GROWTH OF MID-SINGLE DIGIT
PERCENT
    * FY25 GUIDANCE FOR REVENUE GROWTH OF MID-SINGLE DIGIT
PERCENT AND
EBITDA MARGIN (% OF REVENUE) TO BE BROADLY SIMILAR TO FY24
    * CHINA IMF MARKET CONDITIONS REMAIN CHALLENGING
    * EXPECTS A FURTHER MARKET VALUE DECLINE IN FY25 IN CHINA
IMF
MARKET
    * FY25 GROSS MARGIN (% OF SALES) IS EXPECTED TO BE BROADLY
SIMILAR
TO FY24
    * INCREASE IN BRAND INVESTMENT IS PLANNED FOR FY25
    * MEDIUM-TERM REVENUE AMBITION OF NZ$2 BILLION  LIKELY TO BE
ACHIEVED  BY FY27 OR LATER
    * OPERATIONAL CASH CONVERSION EXPECTED TO BE LESS THAN 100%
IMPACTED BY THE SETTLEMENT OF SYNLAIT FY24 PAYMENTS

Source text for Eikon:  ID:n436310-10 
Further company coverage:  ATM.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))