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MarketScreener Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  A2 Milk Company Ltd    ATM   NZATME0002S8

A2 MILK COMPANY LTD

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A2 Milk : New Zealand's a2 Milk Reaffirms Guidance, Strategy After CEO Quits

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12/08/2019 | 05:42pm EST

WELLINGTON, New Zealand--Infant formula producer a2 Milk Company Ltd. has reaffirmed its earnings forecast and says there will be no material change to its business plan following the unexpected resignation of chief executive Jayne Hrdlicka.

Interim chief executive Geoff Babidge is committed to staying with the company until a new permanent chief executive is found and settled in, a2's chairman David Hearn said Monday according to a transcript of a conference call with investors.

The company reaffirmed its earnings guidance for the 2020 financial year.

Babidge, who was CEO until Hrdlicka's appointment in July 2018, said there would be no material change to the company's strategy, particularly its focus on China and the U.S.

Write to Stephen Wright at stephen.wright@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
A2 MILK COMPANY LTD End-of-day quote.
MILK (CLASS III) (DA) - CMR (FLOOR)/C1 0.12% 17.01 End-of-day quote.0.00%
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Financials (NZD)
Sales 2020 1 665 M
EBIT 2020 488 M
Net income 2020 344 M
Finance 2020 790 M
Yield 2020 -
P/E ratio 2020 32,9x
P/E ratio 2021 26,7x
EV / Sales2020 6,23x
EV / Sales2021 5,00x
Capitalization 11 156 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 15,39  NZD
Last Close Price 15,16  NZD
Spread / Highest target 15,4%
Spread / Average Target 1,53%
Spread / Lowest Target -24,1%
EPS Revisions
Managers
NameTitle
Geoffrey Howard Babidge Chief Executive Officer
David Lovat Hearn Chairman
Shareef Khan Chief Operations Officer
Strauss Race Chief Financial Officer
Julia Cecile Hoare Deputy Chairman