Bega Cheese Limited (ASX: BGA) FY2024 Results: Branded Segment Drives Growth Amid Challenges

Bega Cheese Limited (ASX: BGA) reported its FY2024 financial results, showcasing a 15% increase in statutory EBITDA to AU$165.1 million, driven by strong performance in its Branded segment. Revenue grew by 4% to AU$3.52 billion, with Branded products contributing 86% of external revenue. Despite challenges in the Bulk segment, which saw a statutory EBITDA loss of AU$18.2 million, the company's strategic focus on branded growth and cost efficiencies bolstered its overall profitability. Net debt decreased by AU$41.2 million, improving the leverage ratio to 1.3x. Looking ahead, Bega Cheese expects continued growth in the Branded segment and a recovery in the Bulk segment, forecasting a normalised EBITDA of AU$190 to AU$200 million for FY2025. The company also announced a final dividend of 4.0 cents per share, totaling 8.0 cents for the year.

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