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BRIEF-a2 Milk updates on FY2016 guidance

Published 18/12/2015, 06:50 am
© Reuters.  BRIEF-a2 Milk updates on FY2016 guidance

Dec 18 (Reuters) - a2 Milk Company Ltd ATM.NZ :

* Sees group operating EBITDA to NZ$22 million in the 2016 financial year

* group revenue was forecast to grow to NZ$285 million in the 2016 financial year

* Changing and dynamic nature of the infant formula markets in both Australia and China continues to make forecasting challenging"

* "infant formula market in Australia is rapidly evolving and experiencing significant growth"

* Expect sales of a2 Platinum(R) to be approximately NZ$68 million for the six months to 31 December 2015

* company is now forecasting group revenue in the range of NZ$300 million to NZ$315 million in FY2016

* Now sees group operating EBITDA in the range of NZ$33 million to NZ$37 million for the 2016 financial year

* Source text for Eikon ID:nNZW1lNgdc

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