A2 Milk (ASX: A2M) $6.49
A2M -8.59%: the milk products company struggled today after disappointing outlook comments at their 1H result. Revenue of $783m was in line with expectations while Net Profit After Tax (NPAT) was around 5% below consensus, coming in at $74m vs $77m expected. Asian revenue was strong, up 54%, despite the total Chinese market volume falling 11% on slowing birth rates. China label infant formula revenue climbed 43.5% in the half. Revenue from the US market jumped 61.8%, in contrast, the ANZ segment fell ~25%. The company maintained revenue guidance of low double-digit growth, in line with expectations, however, EBITDA margins are expected to remain flat, dropping down to a ~5% miss to consensus. Shares were trading near 18-month highs ahead of the result, so the slight miss triggered a more significant fall in the share price today.
- Forums
- ASX - By Stock
- Ann: 1H23 Results Presentation
A2 Milk (ASX: A2M) $6.49 A2M -8.59%: the milk products company...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.63 |
Change
-0.010(0.18%) |
Mkt cap ! $4.076B |
Open | High | Low | Value | Volume |
$5.62 | $5.67 | $5.56 | $7.763M | 1.381M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 39206 | $5.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.65 | 5630 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 5.640 |
2 | 2097 | 5.630 |
1 | 534 | 5.610 |
3 | 352 | 5.600 |
1 | 10000 | 5.570 |
Price($) | Vol. | No. |
---|---|---|
5.470 | 15 | 1 |
5.630 | 136 | 2 |
5.650 | 500 | 1 |
5.660 | 11018 | 1 |
5.680 | 90 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |