News: BGA Bega Cheese Sees Normalised EBITDA In Range Of $95 Mln - $105 Mln For Fy2020

Oct 29 (Reuters) - Bega Cheese Ltd (BGA) :

• NORMALISED EBITDA IS EXPECTED TO BE IN RANGE OF $95 - 105 MILLION FOR FY2020
• EFFECTS OF CONTINUING DROUGHT & FURTHER DECREASES IN TOTAL AUSTRALIAN MILK PRODUCTION HAS ESCALATED COMPETITION FOR MILK IN Q1 FY2020
• BEGA CHEESE ANNOUNCES INCREASE IN SOUTHERN REGION MILK PRICE & OTHER INITIATIVES TO SUSTAIN AND GROW MILK SUPPLY
• BEGA CHEESE IS WELL ADVANCED IN ITS PLANS TO RESTRUCTURE ITS MANUFACTURING CAPACITY
• INCREASE IN ITS SOUTHERN REGION MILK PRICE WILL DIRECTLY IMPACT BEGA CHEESE'S EARNINGS IN FY2020
• SEEING SOFTENING IN DEMAND FOR PRODUCTS DESTINED FOR CERTAIN EXPORT MARKETS WHICH WILL ADVERSELY IMPACT EARNINGS IN FY2020