Bega – FY20 Earnings

Bega Cheese is under Algo Engine buy conditions following the recent signal at $4.50.

FY20 Full year earnings exceeded consensus and the key numbers are;

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Revenue increased by 5% to $1.5 billion
Operating cash flow $138 million
Net debt reduction by $52 million to $236 million
Export sales increased 15% to $523 million
Inventory reduction by $15 million to $257 million
Normalised EBITDA decreased by 2% to $103.0 million

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