a2 Milk says no change to 2024 earnings outlook

(Image: Getty)

Thu, 16 Nov 2023

a2 Milk is still on track to reach its sales target of $2 billion by 2026, but there has been no change to its 2024 earnings outlook, the company’s managing director and chief executive David Bortolussi says.Bortolussi, in materials prepared for today’s annual meeting in Auckland, said the dairy and infant milk formula marketer was also on track to improve medium-term Ebitda (earnings before interest, tax, depreciation and amortisation) margin to the “teens”.In the June year just finished, a2 Milk’s net profit jump...

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