Analysts still cautious on A2 Milk

Analysts still cautious on A2 Milk
The outlook is positive but uncertainty is high. (Image: Supplied)
Rebecca Howard
A2 Milk’s result may have been better than expected but analysts aren’t leaping to upgrade their ratings.  Earlier this week, A2 Milk said revenue for the six months to Dec 31 was $660.5 million, in line with its guidance and better than many had expected. Importantly, however, its revenue outlook for the six months to June 30 – and the full year – improved, but chief executive David Bortolussi said it wouldn’t lead to a material increase in profit as it was ramping up its marketing spend. The cost o...

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