Brief: Bubs Australia Posts Q2 Group Gross Revenue Of A$25.7M

Bubs Australia

31/01/2024 24:26

Jan 31 (Reuters) - Bubs Australia Ltd  BUB.AX :
    * Q2 GROUP GROSS REVENUE OF A$25.7M, UP 79.7%
    * ON TRACK TO EXCEED FY24 NET REVENUE FORECAST OF A$80M
    * BUBS REMAIN FIRMLY ON TRACK TO ACHIEVE OUR GUIDANCE FOR
FY24
    * ON TRACK TO DELIVER ITS STRATEGIC PLAN
    * CHINA RESET IS PROGRESSING WELL AND WE EXPECT SALES IN H2
TO
EXCEED H1
    * EXPECTS TO INCUR FURTHER A$5.0M OF ONE-OFF REGULATORY
COSTS IN
ORDER TO MEET FDA'S REQUIREMENTS
    * COMMENCED A 2ND PRODUCTION SHIFT AT DELORAINE IN RESPONSE
TO
STOCK SHORTAGES IN USA
    * REMAINS CONFIDENT IT WILL BE CASH FLOW POSITIVE WITH
POSITIVE
TRADING EBITDA IN FY25
    * 2ND DAILY PRODUCTION SHIFT AT DELORAINE WILL DOUBLE
PRODUCTION
FROM CURRENT CAPACITY OF 12,500 TINS PER DAY

Source text for Eikon:  ID:nASX7XWBsv 
Further company coverage:  BUB.AX 

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