This is what was stated extract hereunder. Very poorly worded by...

This is what was stated extract hereunder. Very poorly worded by a2. Media is interpreting the word offset to mean that all of the profit is wiped out? Who's is not I believe what is intended. I hope A2 picks this up. Their vague bloody guidance just gives shorter ammunition.

Today, we are also reconfirming our outlook statements for FY19 made at the end of the full year,
namely:
• Expect strong revenue growth to continue but at a slightly more moderate rate than in the first
four months
• Expect EBITDA to sales ratio to be broadly consistent with FY18 reflecting a higher gross margin
percentage; offset by:
- Increased marketing expenditure as a percentage of sales given continued investment in
the Australian market and an increased investment to support China and US market
expansion – phasing will be higher in 2H19
- Further investment in greater resourcing to support continued growth
- First four months favourably impacted by FX, forecast to reverse during the balance of
the year