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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  The a2 Milk Company Limited    ATM   NZATME0002S8

THE A2 MILK COMPANY LIMITED

(ATM)
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End-of-day quote. End-of-day quote New Zealand Stock Exchange - 07/03
21.13 NZD   +1.54%
04/30BHP : Weekly Top Ten News Stories - 1 May 2020
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04/22A2 MILK : Is There More Upside For a2 Milk?
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04/21Pandemic Gives Temporary Boost to a2 Milk's Earnings
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Pandemic Gives Temporary Boost to a2 Milk's Earnings

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04/21/2020 | 05:19pm EDT

WELLINGTON, New Zealand--Milk marketing company a2 Milk Ltd. says the coronavirus pandemic has temporarily boosted its profit margins.

Panic buying of milk products, particularly infant formula, a lower New Zealand dollar and reduced operating costs because of travel restrictions have lifted earnings, the company said Wednesday.

It forecast full-year revenue in a range of 1.7 billion New Zealand dollars ($1 billion) to NZ$1.75 billion and a profit margin of 31%-32%, higher than previously indicated.

A fall in the New Zealand dollar had boosted the value of U.S. dollar-denominated China sales while costs are lower due to reduced travel and delays in hiring staff, a2 Milk said.

"It's unlikely that these factors will be sustained as these unprecedented circumstances begin to unwind," the company said.

It is continuing to target a profit margin of 30% in the medium term.

 

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

 

Stocks mentioned in the article
ChangeLast1st jan.
EURO / US DOLLAR (EUR/USD) 0.05% 1.1243 Delayed Quote.0.23%
MILK (CLASS III) (DA) - CMR (FLOOR)/C1 0.53% 22.97 End-of-day quote.0.00%
THE A2 MILK COMPANY LIMITED 1.54% 21.13 End-of-day quote.40.68%
THE NEW HOME COMPANY INC. 0.63% 3.2 Delayed Quote.-31.33%
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Latest news on THE A2 MILK COMPANY LIMITE
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More news
Financials
Sales 2020 1 747 M 1 141 M 1 141 M
Net income 2020 387 M 253 M 253 M
Net cash 2020 799 M 522 M 522 M
P/E ratio 2020 40,2x
Yield 2020 -
Capitalization 15 633 M 10 208 M 10 211 M
EV / Sales 2019
EV / Sales 2020 8,49x
Nbr of Employees -
Free-Float 91,0%
Chart THE A2 MILK COMPANY LIMITED
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Technical analysis trends THE A2 MILK COMPANY LIMITE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 18,97 NZD
Last Close Price 21,13 NZD
Spread / Highest target 4,12%
Spread / Average Target -10,2%
Spread / Lowest Target -36,1%
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
Sector and Competitors