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Bellamy's Australia Provides Market Update

12 Oct 2017  |  08:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Market Update - FY18 Guidance

Bellamy's Australia provided market update. The early results in FY2018 have been positive and consequently the Company is upgrading its FY2018 guidance for its core business to a target of 15-20% revenue growth (from 5-10%); and 17-20% EBITDA margin (from 15-20%). The Company continues to expect 1H2018 revenue to be higher than 2H2018 revenue for the reasons noted in its announcement on 25 August 2017 including the impact of seasonality and a delay in CFDA registration resulting in all Chinese label sales occurring in 1H2018. This guidance excludes the Company's Camperdown business which is forecast to generate an EBITDA loss of $1m to $2m and is subject to contingent liabilities including the class actions and any amortisation of intangible assets arising as part of the Camperdown acquisition.

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