Sales and EBITDA:Headline:"FY21 EBITDAThe Company is expecting...

Sales and EBITDA:

Headline:
"FY21 EBITDAThe Company is expecting an earnings before interest, depreciation and amortisation (EBITDA) to sales marginforFY21 in the order of11% to 12% (excluding MVM transaction costs)."

Underlying:
"Specifically, it is estimated that if the one-off charges and sales reductions to reduce inventory in the trade were backed out for this year, the business would record annual revenues in the order of $1.3billion with an EBITDA margin percent in the low to mid-twenties."


However management has guided to a significant uptick in marketing spend that will continue into FY22. One needs to factor this into the underlying numbers, to try to extrapolate a feel for future numbers.