close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

Market savages A2 Milk after annual result

UPDATE: About $1 billion wiped off milk marketer's market capitalisation as investors react to challenging outlook for the coming year.

A2 Milk chief executive David Bortolussi.

Tim Hunter Mon, 19 Aug 2024
Key points
  • Revenue: Up 5% to $1.67 billion for the year to June. 
  • Profit: Up 6% to $153.9 million. 
  • Main takeaway: Despite revenue and profit rising, the market reacted negatively to the milk marketer's earnings outlook. 

UPDATE: The market reacted savagely to a perceived slowdown in infant formula marketer A2 Milk’s growth outlook, slashing its share price as much as 21% from Friday’s close on heavy volume.

By early afternoon the stock had recovered to $6.35 after trading as low as $6.08, with turnover

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Mon, 19 Aug 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Key points
  • Revenue: Up 5% to $1.67 billion for the year to June. 
  • Profit: Up 6% to $153.9 million. 
  • Main takeaway: Despite revenue and profit rising, the market reacted negatively to the milk marketer's earnings outlook. 
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Market savages A2 Milk after annual result
Investment,
105384
true