“Bega Cheese says FY19 performance to be impacted by farm gate pricing pressure
COMPANY NEWS
by
Anna Napoli December 19, 2018 11:25 AM
“Bega Cheese
(ASX:BGA) expects overall milk intake in FY19 to be between 1 and 1.1 billion litres of milk compared with total intake of 750 million litres in 2018.
The dairy company says performance in FY19 is expected to be impacted by farm gate milk pricing pressure.
Bega is forecasting normalized EBITDA in the range of $123 to $130 million as compared to $110 million in FY18.
Bega says despite the current decrease in milk supply in the Australian dairy industry it is is very pleased with the integration of the Koroit facility, and, the forecast performance of that acquisition.
Shares in Bega Cheese
(ASX:BGA) are trading 12.3 per cent lower at $4.98.”
https://www.finnewsnetwork.com.au/archives/finance_news_network211598.html
