August
- Updated
- Earnings season
Booming Chinese demand not enough to stave off a2 Milk share slump
The company has warned revenues will grow far below the pace expected by investors this year after challenges finding product for the lucrative export market.
- Updated
- Carrie LaFrenz
April
Synlait Milk races to raise capital and sell assets to repay debt
Around $120 million was due on Thursday, but the New Zealand-based group has won three more months to find the money for its lenders.
- Carrie LaFrenz
February
A2 Milk shares surge on upgraded outlook
The infant formula player reliant on the China market has topped profit expectations, but pushed out its goal of reaching $NZ2 billion in sales by 2026.
- Updated
- Carrie LaFrenz
November 2023
A2 Milk boss says China formula market in steep decline
David Bortolussi says the fresh milk and formula company expects low, single-digit revenue growth in 2024 and flat profit margins.
- Updated
- Carrie LaFrenz
May 2023
Bortolussi puts US at the heart of a2 Milk shakeup
Kevin Bush, the Australia and NZ CEO, will head to the US while chief strategy officer Eleanor Khor will expand her role and lead the local business.
- Carrie LaFrenz
October 2022
A2 Milk vows to revise CEO incentive plans
The baby formula player sought to address some investor concerns over remuneration ahead of next month’s annul meeting.
- Carrie LaFrenz
August 2022
a2 Milk mulls China, NZ deals to boost market access
The baby formula and fresh milk company posted double-digit sales and earnings growth last year and plans to return capital to shareholders.
- Updated
- Carrie LaFrenz
- Exclusive
- Baby formula
a2 Milk’s top corporate daigou is no longer buying
Andy Zhang says a2 Milk, which has cut his allocation of baby formula, has lost sight of the power of the smaller daigou. He’s now turning to Bubs Australia.
- Carrie LaFrenz
February 2022
A2 Milk sees return to sales growth, ramps up marketing spend
Shares raced ahead by 11 per cent after the swift action taken to deal with excess infant milk formula inventory appeared to be paying off.
- Carrie LaFrenz
A2 Milk faces headwinds from China ahead of interim results
The company had an incredible growth story, but its steep fall from grace last year has split the market over its prospects for recovery.
- Carrie LaFrenz
November 2021
A2 Milk faces second class action claim
Shine Lawyers has filed a claim in the Supreme Court of Victoria against the baby formula and fresh milk maker with similar allegations to those in the first claim by Slater and Gordon.
- Carrie LaFrenz
October 2021
China warning cuts $630m off a2 Milk value
The stock fell 11.9 per cent to $6.01 after the CEO warned there are many uncertainties about the outlook, including the China birth rate.
- Updated
- Carrie LaFrenz
A2 Milk may face second class action claim
Shine Lawyers is the second firm to investigate action against the company, with Slater and Gordon already filing a claim on behalf of investors in early October.
- Carrie LaFrenz
A2 Milk shares rally after Citi keeps ‘buy’ call
Rival Danone SA showed growth in its China baby formula business channels in the September quarter, which bodes well for a2 Milk.
- Carrie LaFrenz
- Exclusive
- Class action
Slater and Gordon slaps class action on a2 Milk
The class action alleges that the baby formula and fresh milk company engaged in misleading or deceptive conduct, and breached continuous disclosure rules.
- Carrie LaFrenz
August 2021
China’s falling birth rate weighs on A2 Milk
China’s low birth rate - compounded by COVID-19 vaccinations delaying pregnancies - is weighing on the company.
- Updated
- Carrie LaFrenz
A2 Milk rises on takeover speculation
A2 Milk’s market capitalisation is a fraction of its peak pushing past $14 billion and is now sitting at just $4.4 billion.
- Carrie LaFrenz
July 2021
A2 Milk adds to its executive team
The CEO beefed up his executive team by adding Amanda Hart as the baby formula’s chief people and culture officer.
- Carrie LaFrenz
A2 Milk makes several key executive appointments
The a2 Milk Company boss David Bortolussi has increased his direct reports after the recent resignation of the head of Asia Pacific, Peter Nathan.
- Carrie LaFrenz
A2 Milk gets tick from NZ regulator on Mataura Valley Milk buy
The deal provides the chance to move down the supply chain and helps strengthen its relationships with China.
- Carrie LaFrenz