A2M the a2 milk company limited

Ann: Updated FY21 Outlook, page-2

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    I hope the market take this well:

    "These factors underpin our confidence of a significant improvement in overall Group performance in
    the second half of the year once the disruption in the daigou channel is reduced.
    Notwithstanding the significant uncertainty and volatility in market conditions as a result of COVID-19
    we have determined it appropriate to provide an update to our outlook to include our view of Group
    revenue as follows:
    - Group revenue for 1H21 of $725 million to $775 million
    - Group revenue for FY21 of $1.80 billion to $1.90 billion
    - Group EBITDA margin for FY21 in the order of 31%."
 
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