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Fonterra reports ’20 interim results; Normalised EBIT worth $584 million
date:Mar 26, 2020
after tax: $501 million, up from $72 million
Free cash flow: $369 million, up from $(782) million
Net debt: $5.8 billion, down from $7.4 billion
Normalised ingredients EBIT: $441 million, down from $464 million
Normalised foodservice EBIT: $147 million, up from $61 million
Normalised consumer EBIT: $116 million, up from $67 million
Full-year forecast normalised earnings: 15-25 cent per share
Decision not to pay an interim dividend
Forecast Farmgate milk price: $7.00-$7.60 per kgMS
Forecast milk

12/22 22:08