Timeline of Events:
19 August 2020:
a2 Milk Annual Report 30 June 2020
FY21 Outlook – the company anticipated strong revenue growth with an expected EBITA margin between 30% and 31%
28 September 2020: Updated FY21 Outlook
Acknowledgement that the contraction in the daigou channel is beyond the Company’s previous expectations with ANZ revenue anticipated to be materially below plan for the first half of FY21.
Outlook for FY21 revenue was $1.8b and $1.9b with an EBITDA margin for FY21 will be 31%
18 December 2020: Updated 1H21 & FY21 guidance
The company announced a downgrade to its revenue forecast and announces EBITDA margin for FY21 is now expected to be between 26% and 29%
25 February 2021: 1H21 Results and Interim Report
The company announced that it expected FY21 group revenue to be around $1.4b with group EBITDA margin of 24% to 26%.
10 May 2021:
Trading update and revised FY21 outlook
The company announced a significant downgrade to revenue for FY21: $1.2b - $1.25b; EBITDA margin expected to be between 11% and 12%.
Share Price Movement:
Share price of ATM in NZ$ as per NZX Price History
Closing Share Price $NZ
19 August 2020
28 September 2020
18 December 2020
25 February 2021
10 May 2021