A2 Milk disappoints but Bortolussi talks up China opportunity

Chief executive David Bortolussi is still in a positive mood despite the result. (Image: A2 Milk)

Mon, 21 Aug 2023

A2 Milk’s outlook for the current financial year may have left a sour taste but chief executive David Bortolussi is still talking up the opportunity in China. The stock fell 12.5% to $4.68 after the company forecast “low single-digit revenue growth” for the year to June 30.Bortolussi didn’t agree with the downbeat market reaction. Yes, the number of newborns is declining. According to a2 Milk, the number fell 10% in calendar year 2022 to 9.6 million and is likely to decline further in CY23.Yes, the market...

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