Bega Cheese Limited (AU:BGA) has released an update.
Bega Cheese Limited reported a strong financial performance for FY2024, with an impressive recovery in its Branded segment leading to a revenue increase of 4% to over $3.5 billion and a 15% rise in EBITDA. Despite challenges in the Bulk commodities sector, the company’s focus on brand strength and operational efficiency has resulted in a healthy balance sheet, marked by reduced net debt and a robust leverage ratio. Looking ahead, Bega Cheese anticipates continued growth in its Branded segment and an improved Bulk segment performance in FY2025.
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