Page 39 - Food & Drink Business Nov-Dec 2019

AUSTRALIA’S TOP 100 FOOD & DRINK COMPANIES 2019
DATA SOURCED FROM
ABBREVIATIONS O Overseas 25 BEGACHEESE
REV UP/DOWN
NL Non-listed
P Publicly listed
Pty Proprietary/private C Co-operative ▼ Revenue down ▲ Revenue up 26 A2MILKCOMPANY
REV UP/DOWN
The a2 Milk Company Limited is a New Zealand-based public company that generates its revenue from the sale of A1 protein free branded milk and related products. The company employs around 230 people, operates in
Australia, New Zealand, Asia, the UK and the US, and
is administered in Auckland and McMahons Point,
NSW. The company is dually listed on both the NZX
and ASX. There was 160.7 per cent revenue growth
in the US market, and 73.6 per cent revenue growth
in China, and a 46.9 per cent increase in sales overall.
Sales growth in China is from “increased distribution,
higher like-for-like sales velocity and continued market share
gains”, and “increased investment in distribution growth and
brand awareness” in the US. There has also been an expansion of product offerings made by a2 Milk in the reporting period.
TYPE
REV $M
PERIOD
PREVIOUS REV $M
TYPE
REV $M
PERIOD
PREVIOUS REV $M
▲
P
1433
06/19
1267
▲
0P
1253
06/19
887
Bega Cheese Limited is a locally owned, publicly listed company that generates its revenue from dairy and grocery products including Vegemite across Australia, and also exports to over 40 countries. The company employs around 2000 staff and is headquartered in Bega, NSW and is listed on the ASX. In February, Bega Cheese announced it would cease cheddar and mozzarella production at its facility in Coburg, Victoria, and gear up for a $34 million lactoferrin facility construction project in the same state. The dairy company also announced it would
construct a lactoferrin facility at the
former MG-owned Koroit site
after securing a long-term
supply agreement.
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