Synlait confident on guidance but not expecting much from A2 Milk

Synlait is still expecting robust profitability this financial year. (Image: Supplied)

Wed, 01 Dec 2021

Synlait Milk is confident it can generate "robust" profit over the coming years but anticipates A2 Milk's orders for infant formula will only edge up at best.“We do expect to see some recovery in our key customer, the A2 business, but their purchase of Mataura Valley Milk and with the market changing significantly in recent years, we’re not expecting large increases in their production,” said chief executive John Penno at the company’s annual general meeting. “Rather, we’re putting our effo...

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