“In other words, moving towards increasing the number of exports of powdered milk to China.”
The August update from the company will feature the latest daigou numbers, which investors will be hoping will carry on the momentum.
2022 revenue projections
Investors already know the 2021 numbers won’t be great. This is already baked into the share price.
But the more interesting numbers for investors to look out for on 18 August would be the guidance for the current fiscal year.
In the 2020 financial year, the dairy producer racked up $1.6 billion in revenue.
“While not without near-term risks as supply chains stabilise, at its core we see A2M as a business that, once (margin) is consolidated, has baseline revenue of NZ$1.4 billion to $1.5 billion and EBITDA of NZ$300m,” he said in a memo to clients.
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