A2M FY20 Results

ATM result is pretty, pretty good:

19 August 2020
NZX/ASX Market Release
Strong financial results and execution continuing
Results highlights for the full year ended 30 June 2020 (NZ$)1,2,3
• Total revenue of $1.73 billion, an increase of 32.8%
• EBITDA4 of $549.7 million, an increase of 32.9%
• Net profit after tax of $385.8 million, an increase of 34.1%
• Basic earnings per share (EPS) of 52.39 cents, an increase of 33.5%
• EBITDA to sales margin of 31.7%
• Operating cash flow of $427.4 million and a closing cash balance of $854.2 million
• Marketing investment of $194.3 million5
targeting opportunities in China and the USA, an increase of
45.1%
• Group infant nutrition revenue of $1.42 billion, up 33.8%
• Strong growth in China label infant nutrition, with sales more than doubling to $337.7 million and
distribution expanded to ~19.1k stores
• USA milk revenue growth of 91.2% and distribution expanded to ~20.3k stores