A2 annual sales climb 68%, pipping guidance; expects to maintain margin despite higher costs in 2019

Wed, 11 Jul 2018

By Paul McBeth July 12 (BusinessDesk) - A2 Milk Co lifted annual sales 68 percent, just beating the guidance given in May, and said it expects to maintain an earnings margin of about 30 percent in the coming year even with increased spending. The Auckland-based, Sydney-headquartered company said revenue was $922 million in the year ended June 30, up from $549.5 million a year earlier, and just beating the $900 million-to-$920 million forecast in May. Earnings before interest, tax, depreciation and amortisation was about 30 percent of sal...

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