To cut a long story short, A2 mngt have sacrificed margins in FY22 and FY23 with increased marketing spend of circa $240 million p.a to grow the business exponentially. We r looking at revenue of $1.6 to $1.65 billion this year with a earnings margin in the mid to high teens. FY 24 will be the big shift in margin where mngt believes that their marketing spend can be reduced significantly which will ultimately be shown up in the earnings hopefully around 20% of revenue of circa $1.8 billion.
A2M Price at posting:
$5.61 Sentiment: Buy Disclosure: Held
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