Total revenue of $677.4 million
EBITDA margin of 26.4%
Steps taken to re-activate daigou/reseller and CBEC channels
China label infant nutrition, with revenue growth of 45.2%
Increase in China market value share to 2.4%
Increasing in-store velocities as well as increasing distribution to 22.0k MBS
Liquid milk in Australia 16.3% revenue growth
Record value Australia market share of 11.7%
USA revenue growth of 22.3%
USA distribution increasing to 22.3k stores and an improvement in EBITDA
$67.4 million of marketing investment in the half, building on record investment in 2H20
Appropriately managing discretionary costs
Continuing important capability investment in people, technology and infrastructure
Binding agreements 75% interest in Mataura Valley Milk (MVM)
Further strengthen relationships with key strategic partners in China
Dedicated Chief Executive - Greater China - Li Xiao
Outstanding results during Covid pandemic ... and that's just the half year ended 31 December 2020.
Management Issues, page-99
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