Can A2 Milk Company (ASX: A2M) achieve single-digit revenue growth in FY24?

Fri 27 Oct 23, 12:03 AM | Team Kalkine

Image source: Pixabay

Highlights

A2 Milk is listed on ASX and NZX under the ticker code A2M and ATM, respectively

In FY23, A2M’s revenue climbed 10.1% YoY to NZD 1,592.9 million, driven by significant growth in China and other Asia segments

In 2023-24, milk production is forecasted to increase by 1% to reach 8.2 billion litres amid higher milk yields

The A2 Milk Company Limited (ASX: A2M) is a dual-listed company based in New Zealand which sells branded products which are made with milk naturally containing the A2-type protein. A2M’s revenue jumped 10.1% YoY to NZD 1,592.9 million, and EBITDA went up 11.8% YoY to NZD 218.3 million in the financial year 2023 (FY23). Growth in China and other Asia segments supported the jump in its sales revenue.

Recent business update

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