The A2 Milk Company: FY22 Result β Baby Steps
The a2 Milk Company (ATM) reported a solid FY22 result, modestly ahead of our and consensus expectations, highlighting ongoing solid execution...
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The A2 Milk Company (ATM): FY22 Result β Initial Impressions
The a2 Milk Company (ATM) reported a solid FY22 result with EBITDA of NZ$196.2m and NPAT of NZ$122.6m and the result was slightly ahead of our and...
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The A2 Milk Company: FY22 Preview β All Eyes on FY23
After a solid 1H22 result, we forecast a 2H22 sequential EBITDA decline (to NZ$87.3m from NZ$97.6m in 1H22) given lower margins as marketing and...
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The A2 Milk Company: A New Normal; Down to UNDERPERFORM
The a2 Milk CompanyA New Normal; Down to UNDERPERFORM UNDERPERFORM The China Infant Formula (IF) market has changed. Over recent years it has...
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The A2 Milk Company: 1H22 Result β Baby Steps
The a2 Milk Company1H22 ResultΒ β Baby Steps NEUTRAL The a2 Milk Company (ATM) reported a 1H22 result ahead of our and consensus expectations, with...
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