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David Bortolussi

August

The a2 Milk Company CEO David Bortolussi has warned that the China market remains challenging.

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

The a2 Milk Company, led by CEO David Bortolussi, has not said if it will participate in a pending equity raising by its manufacturing partner Synlait Milk.

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 CEO David Bortolussi is mainly focused on capturing the full potential of the China infant formula market.

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 chief executive David Bortolussi expects the China formula market to remain more challenging this year.

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

A2 Milk CEO David Bortolussi is making management changes to jumpstart profitability in the US and its manufacturing plant.

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
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October 2022

David Hearn from A2 Milk.

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

The a2 Milk Company chief David Bortolussi has flagged up to $NZ150 million buyback.

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
Wenjun Zhang.

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 boss David Bortolussi.

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
CEO David Bortolussi will present a2 Milk’s first half 2022 results on Monday.

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 is facing two class action claims.

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

A2 Milk CEO David Bortolussi is aiming to get to $NZ2 billion in sales over the medium term.

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 a second class action after Shine Lawyers flagged an invetigation.

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 CEO David Bortolussi is reviewing the China business.

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
A2 Milk CEO David Bortolussi has one more headache after the company was served with a class action claim by Slater & Gordon.

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
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August 2021

A2 Milk CEO David Bortolussi said while  the long-term outlook is positive, the full year 2022 outlook remains challenging and uncertain.

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 CEO David Bortolussi. The company said on Monday it “does not comment on media speculation or rumours”.

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 chief executive David Bortolussi has made another key hire.

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 CEO David Bortolussi has increased his direct reports.

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
The infant formula and milk business a2 Milk has posted four downgrades since September.

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

Original URL: https://www.afr.com/person/david-bortolussi-1nnf