a2 Milk flags record first half results at investor day

Company News

by Anna Napoli

Dairy company, a2 Milk (ASX:A2M) has flagged record first half results at its investor day, with group revenue up 41 per cent (YoY) to $613 million.

The company says record market share positions have driven strong results in each of its regions.

a2's infant formula consumption market share in China has reached 5.7 per cent and US sales growth is up 114 per cent.

Looking forward the company expects second half earnings margins to be lower than the first due to a ramp up in marketing investments in the second half of the year.

Full year FY19 earnings as a percentage of sales are expected to be about 31 to 32 per cent.

Shares in a2 Milk (ASX:A2M) closed 2.49 per cent higher at $14.01 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.