A2 Milk slashes full-year revenue guidance, stock plunges

Fri, 18 Dec 2020

A2 Milk slashed full-year revenue guidance by about 20 percent as it continues to see covid-19-related disruption and the stock - which has been on a trading halt since yesterday - dropped 20.7 percent to $11.20. It now expects group revenue of $1.4 billion-to-$1.55 billion for the year ending June 30 versus an earlier forecast of $1.8 billion-to-$1.9 billion which it had reiterated at its November annual general meeting.The group earnings before interest, tax, depreciation and amortisation margin are now seen at between 26 percent a...

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