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Investment
4 mins to read

A2 shares tank on slower growth warning

CEO David Bortolussi says the market shouldn’t be surprised by today’s guidance.

Guidance was for a further double-digit decline in China infant milk formula market value in 2024.

Hamish McNicol Mon, 21 Aug 2023

Shares in The A2 Milk Company have fallen more than 12% after guidance for 2024 revenue and earnings growth came in well below market expectations in the face of very challenging market conditions in China.

But A2 chief executive David Bortolussi said nobody in the market should be surprised by the

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Hamish McNicol Mon, 21 Aug 2023
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Related News
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On the ground in China
Law
2

A2 Milk loses trade mark challenge
Investment

Synlait, Penno in legal action over tech business
Investment

A2 Milk formula reapproved for China export
Investment
1

A2 Milk 'surprised' by Synlait downgrade
Investment
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A2 Milk sees crucial China approval coming mid-year
A2 shares tank on slower growth warning
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