Exceptional growth in revenue and earnings in 2016
Increasing focus on nutritional products

August 24, 2016

NZX/ASX Market release

Highlights of financial results for the year ended 30 June 2016 (in NZ$)

  • Total revenue of $352.8 million - an increase of 127.4% over the prior corresponding period (pcp)
  • Net profit after tax of $30.4 million, compared with a net loss after tax of $2.1 million in the pcp
  • Group Operating EBITDA of $54.6 million, up from $4.8 million on the pcp
  • Group Operating EBITDA as a percentage of sales, before investment in international growth, of 22.4%
  • Exceptional growth in sales of a2 Platinum® infant formula in Australia & New Zealand (ANZ) and China, with total revenue of $214.4 million, up 414% on pcp
  • Continued growth of fresh milk in Australia, with total revenue up 4%
  • An improved financial performance in the United Kingdom, and further progress in repositioning the Company as a specialty milk supplier
  • Investment to support the a2 Milk™ launch programme in the United States

A2 Milk Company Ltd. published this content on 24 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2016 08:39:01 UTC.

Original documenthttps://thea2milkcompany.com/newsroom/market-announcements/exceptional-fy16-company-results/

Public permalinkhttp://www.publicnow.com/view/89C4751B289995BD199966061321AF9C12119FC3