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Bellamy's Australia Provides 2017 Financial Results

25 Aug 2017  |  09:08:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY17 Results Announcement

Bellamy's Australia provided 2017 financial results. Its turnaround continues to be on track and the stability of the business has improved. The 2H2017 revenue of $121.9m is above guidance. The 2H32017 normalised EBIT of $23.3m is above guidance. The forecasting profitable growth in FY2018 for the core business (excluding Camperdown), with a target of 5-10% revenue growth and 15-20% EBITDA margin.

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