FY22 guidance maintained (as per August 2021 and updated guidance given at the investor day last week).
The only additional thing the CEO had to add was this in relation to 11/11:
The only additional update today is in relation to our trading over the 11/11 online sales period in China which completed at the end of last week. Last year, our English label IMF product was promoted heavily in the 11/11 event, which caused some disruption between CBEC and reseller pricing and trade. This year, we prioritised overall channel economics through reduced inventory levels and promotional activity in CBEC. As a result, and as expected, our English label sales during the 11/11 online sales period were down on last year, but with improved market pricing across CBEC platforms and reseller channels. Conversely, our China label sales were up significantly on a smaller base. Overall, we believe our platform rankings were maintained or improved relative to the competition, which is subject to confirmation by the platforms in due course.
A2M Price at posting:
$6.11 Sentiment: Buy Disclosure: Held
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