ABN Newswire http://www.abnnewswire.net Thu, 5 May 2016 12:59:35 newsroom@abnnewswire.net newsroom@abnnewswire.net 60 <![CDATA[ Blackmores Limited (ASX:BKL) Analysts Briefing ]]> en83439 Y http://www.abnnewswire.net/press/en/83439/ Thu, 28 Apr 2016 19:04:24 GMT Blackmores Limited (ASX:BKL) Third Quarter Financial Results to the Nine months ended 31 March 2016

Record 9 Months- Delivering Group Profit up 145%

- Strong sales performance across the Group with all businesses and regions delivering sales growth

- Group Sales $532 million, up 63%

- Our 10th consecutive quarter of year on year growth

- Growth is from all businesses and regions across the Group

- Excluding impact of Chinese consumers, Asia in-market direct sales up 11% and Group revenue up 14%

- Further operating leverage delivered EBIT of $110m, up 134% & improved EBIT margin to 21%

- Record NPAT of $76 million, up 145% YOY

Blackmores Australia

Australia delivering strong profitable growth

- Australia Sales up 71% to $369m

- Chinese consumers influencing Australian retail, underlying double digit growth

- Continued support for community pharmacy, accredited education programs and new product development

- NZ & Pure Animal Wellbeing both experiencing strong growth, combined sales up 40% at $16m including PAW launch in Japan

Blackmores Asia - strong & increasingly important

- Asia in-market sales of $98 million for the period, up 64%

- Asian shoppers estimated to account for 50% of Group revenue

- Established markets continue to perform well

- Now in 15 countries and all regions growing

- Blackmores event in China for Heart Ali charity supported by Chinese actress Fan Bing Bing and Mrs Lucy Turnbull AO

Doing Business in China

- Recently announced regulatory changes on Chinese cross border e-commerce are a positive reflection of the Chinese government's commitment to the free trade zones

- Additional ingredients approved for in-market sales are a future opportunity for Blackmores

- Regulatory evolution is a characteristic of this market and we have a highly experienced local team and numerous channels to reach the Chinese consumer

- Blackmores will host shareholder events in three locations (Sydney, Shanghai & Melbourne) in May so shareholders can better understand this complex market that is rich with opportunity

BioCeuticals - an important platform for Product Leadership

- BioCeuticals continues strong third quarter performance:

- YTD sales of $50m, up 24%

- Strong pipeline of new product development, backed with recognised education and research underpinning performance

- New agreement with leading distributor in the United States

- Clear market leadership affirmed

Operational Effectiveness delivers further benefits

- Record production output to support growth and further investment in building capacity and inventory levels

- Forged stronger supplier partnerships to ensure access to quality ingredients

- Improved efficiency of operational facilities has partially off-set impact of increased raw ingredient prices and currency volatility

- Continued focus on efficient management of cash whilst paying healthy dividends and further investing in growth

Outlook

- Continued focus on delivery of strategic priorities

- Board maintains its confidence in our strategy and ability to deliver a strong full year profit result and improved returns for shareholders and staff.

To view the analysts briefing, please visit:
http://abnnewswire.net/lnk/O3I23089

MEDIA CONTACT:
Sally Townsend
Head of Communications
M: +61-419-225-781

INVESTOR CONTACT:
Christine Holgate
Chief Executive Officer
T: +61-2-9910-5186

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newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Delivers Record Profits, Up 145% for First Nine Months with Growth From All Businesses and Regions ]]> en83436 Y http://www.abnnewswire.net/press/en/83436/ Thu, 28 Apr 2016 13:17:35 GMT Blackmores Limited (ASX:BKL) announces continued strong growth across all regions and brands with a record net profit after tax of $76 million for the first nine months of the financial year, a 145% increase on the prior corresponding period.

Highlights:

- Group sales of $532 million for the nine months to 31 March, up 63% compared to the prior corresponding period

- Net profit after tax (NPAT) for the nine months to 31 March of $76 million, up 145% compared to the prior corresponding period

- New record quarter for sales & profits - tenth consecutive quarter of year on year growth

- Every region and business experiencing strong growth

Growing consumer demand for quality health and nutrition products both in Australia and Asia delivered sales of $532 million for the period, up 63%.

"China is an important part of our growth strategy and I'm particularly pleased that even excluding the influence of Chinese consumers our Group is growing underlying sales at 14%," said Blackmores Chief Executive Officer, Ms Christine Holgate.

"This is our tenth consecutive quarter of year on year growth underpinned by strong top line revenue increases from all regions and brands across the Group resulting in a record bottom line for shareholders," she said.

"Our continued support for community pharmacy, accredited education programs and investing in new product development have played a key role in retaining the loyalty of our consumers," said Christine Holgate.

Blackmores is Australia's leading natural health company in the domestic market and sales in Blackmores branded products in Australia for the period were $369 million, up 71%.

"Blackmores Asia in-market sales of $98 million grew at 64% with year to date revenue already exceeding the previous full year," said Christine Holgate. "Our more established markets across Asia continue to perform. The strength of demand for our brand in Asia is reflected in the growth from Asian shoppers whom we estimate account for 50% of Group revenue."

"In recent weeks, the Chinese government has announced regulatory developments for cross border e-commerce trading. Blackmores welcomes the focus from the Chinese government on clarifying rules for importing and we believe it is a positive reflection of their commitment to the free trade zones," said Christine Holgate. "I am also encouraged to see further opportunity for Blackmores with the announcement of more ingredients approved for sale in the broader retail market in China."

"It is a characteristic of all markets that regulations evolve. We believe Blackmores is well-placed to manage the constant evolution of the Chinese regulatory landscape with our omnichannel operating model for our China business and our ability to serve consumers through direct and indirect product supply, supported by a highly experienced local team," she said.

BioCeuticals sales were $50 million for the nine months, up 24% compared to the prior period.

"BioCeuticals' result has been achieved with strong sales growth supported by an innovative pipeline of new products backed by scientific evidence and recognised education to the practitioner market, where we are now clear market leaders," said Christine Holgate.

Blackmores New Zealand and Pure Animal Wellbeing maintained their momentum with combined sales of $16m, up 40%.

"In January we announced the first release of our infant nutrition range with a limited distribution into Australian pharmacies," said Christine Holgate. The range is the first product launch from the joint venture between Blackmores and Bega subsidiary Tatura, a partnership which was announced last October. "We are now well positioned for the launch into Australian grocery retailers and the commencement of marketing in the next quarter."

"Over the year we have forged stronger partnerships with our suppliers to build reserves of key ingredients to ensure we have access to quality products to meet consumer demand," said Christine Holgate. "The Blackmores Campus continues to increase capacity to meet the supply requirements, supported by additional staff and the upgrading of our packaging lines. The increased cost of raw materials following recent scarcity and the impact of currency volatility has been partially offset by the improved efficiency of our operational facilities."

"Whilst our business develops we remain focused on the efficient management of cash as we continue to pay healthy dividends, build inventory levels and invest in our future growth," she said.

OUTLOOK

"We are pleased with the performance of all brands and regions in the Group and the significant progress we have made on our strategic priorities of: Consumer Centricity; Asia Growth; Product Leadership; and Operational Effectiveness."

"These strategic pillars have underpinned a strong result for the quarter and the year to date," said Christine Holgate. "We remain confident that we will deliver a strong full-year profit result and improved returns for shareholders and staff."

To view release including results, please visit:
http://abnnewswire.net/lnk/R9WFGQ18

SHAREHOLDER EVENTS

Blackmores is hosting a series of shareholder events on 'Doing Business In China'. The first briefing will be held at Blackmores Campus Warriewood, 20 Jubilee Ave, Warriewood on Friday 6 May from 9.30am to 1.00pm.

"China is an important part of Blackmores' growth strategy, as it is for the Australian economy, and therefore gaining an understanding of how this market works is increasingly important for shareholders," said Christine Holgate. "We are very proud of the support for our brand in China and believe strongly in the prospects of this market and the opportunities it can bring."

"Like many countries, regulation evolves and develops in China. In the last week alone there have been several important developments. Blackmores' view of these latest developments is that we welcome the focus from the Chinese Government on clarifying rules for importing," she said.

As well as keynote addresses from Blackmores CEO and management team, speakers will include Liu Bing the Senior Advisor, China at Austrade, and Andrew Parker, a Partner from PWC and the Head of their Asia Practice, on what they believe are the opportunities and challenges when building a business in China.

Recognising many shareholders may not be able to join us at Warriewood that day, we will host a briefing in Shanghai on Tuesday 10 May 2016 and in Melbourne on Thursday 19 May 2016. Shareholders are invited to confirm their attendance by either emailing or calling Simone Koolloos.

Simone Koolloos
T: +61-2-9910-5186
E: skoolloos@blackmores.com.au

To view release including results, please visit:
http://abnnewswire.net/lnk/R9WFGQ18

MEDIA CONTACT:
Sally Townsend
Head of Communications
M: +61-419-225-781

INVESTOR CONTACT:
Christine Holgate
Chief Executive Officer
T: +61-2-9910-5186

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newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Analysts Briefing - Delivering Group Profit up 160% ]]> en82811 Y http://www.abnnewswire.net/press/en/82811/ Thu, 25 Feb 2016 18:49:25 GMT Record Half Year - Delivering Group Profit up 160%

Highlights:

- Strong sales performance across the Group

- Group Sales $341 million, up 65%

- Further operating leverage delivered EBIT of $69m, up 145% and improved EBIT margin to 20%

- Record NPAT of $48 million, up 160% YOY and greater than total F15

- Earnings Per Share up 159% at 280c

- Interim Dividend Per Share up 194% at 200c

- Fully franked, record day 10 March 2016, Payable on 24 March 2016

- Doubling of operating cash-flows, securing a 112% Cash Conversion ratio

- Debt free and Net Cash positive $23m

- Launched first products with Bega partnership

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BKL-908953.pdf

Blackmores Limited
Sally Townsend, Head of Brand Communications
T: +61 2 9910 5122
E: stownsend@blackmores.com.au
WWW: www.blackmores.com.au

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newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Half Year Results Announcement ]]> en82807 Y http://www.abnnewswire.net/press/en/82807/ Thu, 25 Feb 2016 10:19:49 GMT Blackmores Limited (ASX:BKL) has announced continued momentum across its business delivering $48 million net profit after tax (NPAT) for the first half of the financial year, up 160% on the prior corresponding period. The first half profit result exceeds the total profit last year, which was already a strong period.

Highlights

- Group sales of $341 million for the first half, up 65% on prior corresponding period

- First half net profit after tax $48 million, up 160% and earnings per share of 280 cents, up 159%

- Strong financial position with a positive net cash balance

- Interim dividend of 200 cents per share (fully franked), a 194% increase on the prior corresponding period

The results are driven by continued growth from all segments and all markets with first half sales of $341 million, up 65% on last year's first half.

"China, in particular, continues to grow in importance with sales to Chinese consumers, both direct and through Australian retailers, estimated to represent 40% of Group revenues," said Blackmores Chief Executive Officer, Ms Christine Holgate. "Excluding these China sales, we are pleased that both the Group and our core Australian business are still in double digit growth."

Blackmores Australia sales for the period were $238 million, a 73% increase compared to the prior corresponding period with earnings before interest and tax (EBIT) of $64 million. Sales to retailers in Australia have been bolstered by Chinese tourists and entrepreneurs, as well as from continued innovation and marketing activity. This included the launch of a Superfood range, the opening of a flagship store, education programs and digital marketing.

Blackmores Asia direct in-market sales were $61 million, a 73% increase compared to the prior corresponding period. Earnings before interest and tax (EBIT) from the region were $5.8 million, more than three times the prior corresponding period, highlighting the increasing profitability of the Asian business.

"The strength of the brand and proven demand for our products was reflected in sales growth in all of our markets in Asia," said Christine Holgate.

BioCeuticals sales were $33 million, up 24% compared to the prior corresponding period with EBIT of $5 million. The business has a continued focus on delivering new product innovation, professional advice and a commitment to servicing healthcare practitioners.

Blackmores New Zealand and Pure Animal Wellbeing also continued to demonstrate improved sales and earnings performances.

"Blackmores Institute has supported the expansion of Blackmores in Asia given the importance of education and knowledge underpinning the presence of our product range in new markets and the need to educate health care professionals," said Christine Holgate. "This was furthered in the period with a partnership agreement with Rangsit University in Bangkok to expand its pharmacy education program."

Total Group expenses grew 53%, to $273 million, predominantly reflecting the increase of raw materials and freight needed to support the strong growth.

"Meeting the needs of our consumers and the growing demand for our products has been our most important challenge, particularly given our commitment to uphold unrivalled quality standards," said Christine Holgate. "As well as working closely with our growers and ingredient suppliers, we have invested in additional plant and equipment to increase capacity. Combined with the addition of a third production and distribution shift, this has resulted in record productivity for the Group."

"Our partnership with Bega Cheese Ltd (ASX:BGA) to develop and manufacture a range of nutritional foods made exciting progress in the half, resulting in the early launch of an infant nutrition range in January 2016," said Ms Holgate, noting that there are no sales for this new segment included in the first half reporting period.

"We continue to invest in new platforms for growth and strategic partners including a long-term joint venture with Kalbe Farma to facilitate entry into the Indonesian market," said Ms Holgate. The joint venture is called Kalbe Blackmores Nutrition and will be consolidated into the Group's results, though there were no significant transactions during the period.

The Blackmores balance sheet is in a healthy position, with positive operating cash flow at $60 million compared to $29 million in the prior corresponding period. Net debt was cash positive at $23 million with net interest cover at 50 times, compared to 21 times in the prior corresponding period.

"Our continued success has further strengthened our balance sheet with Blackmores now net debt free," said Ms Holgate. "We are proud to be able to give our shareholders a 159% increase in earnings per share and a first half dividend of 200 cents, almost treble last year's first half dividend."

DIVIDEND

The Board has declared an interim dividend of 200 cents fully franked, which is an increase of 194% compared to the prior corresponding period. The record date is 10 March 2016 and the dividend is payable on 24 March 2016.

OUTLOOK

"We are pleased with our continued growth and progress on delivering our strategic objectives," said Ms Holgate.

"Our core business in Australia, New Zealand and the ASEAN region continues to enjoy double digit growth, while our emerging business in China has further propelled our success. We have strong, experienced leadership in China and have structured our operations to ensure a sustainable future."

"The Board maintains its confidence in our ability to achieve strong profit growth for the full year."

MEDIA CONTACT
Sally Townsend
Head of Communications
M: 0419 225 781 

INVESTOR CONTACT
Christine Holgate
Chief Executive Officer
+61 2 9910 5186

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newsroom@abnnewswire.net
<![CDATA[ FINANCE VIDEO: Blackmores Limited (ASX:BKL) and Bega Cheese Ltd (ASX:BGA) Launch Infant Nutrition Products ]]> en82029 Y http://www.abnnewswire.net/press/en/82029/ Fri, 22 Jan 2016 15:43:53 GMT Blackmores Limited (ASX:BKL) has partnered with Bega Cheese Ltd (ASX:BGA) to develop a nutritional range of products. The first of these are infant nutrition formulas that are on sale in Australia from today.

"We've developed three Australian made products, formulated with the highest quality, premium ingredients and based on the combined expertise of Blackmores and Bega's subsidiary Tatura," said Blackmores CEO, Ms Christine Holgate. "Together our companies have more than 180 years of combined experience in nutrition and dairy manufacture which is one of the key reasons our customers trust our quality and ingredients."

Australian pharmacies will be the first to receive delivery of the new formulas, with the products also to be sold through established retailers in Asia including TMall.

"Our initial focus is supplying Australian pharmacies so mums have quality advice from a trusted healthcare professional," said Ms Holgate.

Blackmores has also bolstered their healthcare professional support in infant nutrition including the addition of a breastfeeding counsellor to their freecall advisory service. "Blackmores supports breastfeeding as optimal nutrition for babies, though it's also important to have a high quality offering for when breastfeeding is not possible," said Ms Holgate.

The partnership between Blackmores and Bega will be an important additional source of supply for the Australian infant nutrition market.

"We are conscious of the supply challenges in this category and the Blackmores and Tatura teams will work together to help ensure the continued supply of this range," said Ms Holgate.

The products will not only supply the local market but also the considerable export opportunity in Asia, including China.

Federal Minister for Trade and Investment, The Hon, Andrew Robb AO MP attended the official launch at the Blackmores Campus today: "Asia's growing middle class is becoming increasingly health-conscious; when you combine this with their preference for our clean, green, quality products, the collaboration between these two iconic Australian brands certainly creates enormous opportunity well into the future."

He noted the high demand for Australian health products in Asia was a burgeoning export opportunity for Australia. "This is further enhanced by the competitive advantage our Free Trade Agreements with Asia are providing for Australian businesses; the tariff on infant formula for example has been cut twice since the FTA with China came into force in December last year, and eventually will be eliminated altogether," Mr Robb said.

"There's no doubt the growing demand across Asia for Australia's world class goods and services will lead to job creation and economic growth well into the future."

Blackmores Infant Nutrition range is available from blackmores.com.au and selected pharmacies nationwide.

About Bega Cheese Limited

Bega Cheese's vision is to be an Australian dairy industry icon; valuing our heritage, people, customers and community. Embracing challenge. Driving change, building for the future.

Sally Townsend 
M: 0419 225 781 

Nina Crawford
M: 0401 601 242

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newsroom@abnnewswire.net
<![CDATA[ FINANCE VIDEO: Blackmores Limited (ASX:BKL) CEO Christine Holgate is Interviewed by ABN Newswire ]]> en82075 Y http://www.abnnewswire.net/press/en/82075/ Fri, 22 Jan 2016 12:48:27 GMT Blackmores Limited (ASX:BKL) has partnered with Bega Cheese Ltd (ASX:BGA) to develop a nutritional range of products. The first of these are infant nutrition formulas that are on sale now in Australia.

This is a transcript of the video interview:
ABN:
For investors watching, Blackmores Limited is listed on the ASX Stock Exchange with the ticker code BKL.

Good morning Christine, today Blackmores is launching a range of infant nutritional products, please tell us about those.

Christine Holgate:
Last October Barry Irvin and myself, he's the Chairman of Bega, announced forming a joint venture to develop a range of nutritional and medicinal foods, and the first of those are three infant formula products that we are announcing today and really it's the beginning of a really exciting journey for us.

ABN:
So, the exciting part is you are joining companies that have got a huge history of value for the Australian market, generating a product that is going to have a global demand.

Christine Holgate:
Well, both of our companies are strong iconic Australian companies which have been in the households of Australian families for generations. Barry through Tatura has over 120 years experience in dairy and Blackmores has over 80 years of experience in nutrition.

We are completely complimentary in what we do, but what we are absolutely committed, and similiar in, is our commitment to quality, sustainability, environment and value based cultures, our people.

So that's made it a really exciting combination to come together and to bring all that expertise to develop a product that mums can trust.

ABN:
Christine, how do you see the company growing now with this new partnership and with these export opportunities.

Christine Holgate:
Look, this new partnership gives Blackmores an opportunity to build on the expertise and leverage we have and take it, and expand it, into a new area so it's one more part of our diversity strategy.

I think it's also really important that at the heart of our strategy is our consumers and these are products our consumers have been asking us for, so I think the fact that we can achieve the needs of our consumers and also benefit the company leveraging their expertise and knowledge in a new market, and clearly we're creating something where there is a very strong demand for here in Australia but also in Asia.

I think what's exciting for me is, is that we're able to leverage our very strong relationships both in Australia and in Asia with Pharmacy. Blackmores is the leading brand in Pharmacy here in Australia and of course we are in many of the countries we are operating in in Asia.

We have about 40% market share in Thailand in natural health products and Pharmacy, so we believe that a very responsible place for particular infant formula should be sold in Pharmacy because that's where mums get good advice. They can count on good health care professional advice and work out whether these products are right for them or not.

ABN:
So I know that part of that distribution, because Blackmores has very strong distribution capability, but you are actually limiting the distribution to those organisations that can provide that value of advice to the consumer.

Christine Holgate:
We are initially, because we feel for the launch it's really important that the mums in Australia get to understand what the products are about, and the best way to do that is to get good healthcare advice, so we are restricting it initially to Pharmacy. We have made sure we've got national distribution of that.

We've been working with people like the Pharmacy Guild to make sure that we've got training inside Pharmacy so they understand what the products are and the benefits, also when not to use them.

And we also have here, in Blackmores, we have an advisory service available where we have a breastfeeding counsellor who will be online to help mums make those choices - what's right for them.

ABN:
Today we're at the Blackmores' facility in Sydney, in Warriewood, and it's a significant launch today. You've got a number of people here, you've got the Federal Minister for Trade and Export, Andew Robb and Li Na.

Christine Holgate:
Oh, we are so pleased to have the support of both Andrew and Li Na and for very different reasons. Andrew has made a significant contribution helping Australian companies build trade throughout Asia and to have his support and endorsement about Barry and I forming this joint venture is just fantastic and really encouraging.

Li Na, she's got to be one of the most inspirational people I have ever met. She's not only won an Open twice, in France and here in Australia, but she's a real and true believer for natural health. And of course she's a mum, and she's a new mum as well, so it's fantastic that she is with us and we are really proud to have her as a partner with Blackmores.

ABN:
Well, I wish you all the best for the launch today.

Christine Holgate:
Thank you.

To view the video interview, please visit:
http://www.abnnewswire.net/press/en/82075/Blackmores

Sally Townsend 
M: 0419 225 781 

Nina Crawford
M: 0401 601 242

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newsroom@abnnewswire.net
<![CDATA[ Beston Global Food Company Ltd (ASX:BFC) Establishes Joint Venture Company with Hong Kong Based Sunwah Group ]]> en82044 Y http://www.abnnewswire.net/press/en/82044/ Mon, 18 Jan 2016 13:29:39 GMT Beston Global Food Company Ltd (ASX:BFC) announces that it has entered into a Joint Venture with the Sunwah Group ("Sunwah") in Hong Kong for the marketing and distribution of BFC food and beverage products in Hong Kong, Macau and certain parts of Southern China.

In announcing the Joint Venture, the Chairman of BFC, Dr Roger Sexton said that the arrangements which have been put in place, "filled a gap" in the company's Asian distribution platform.

"We are strong in China and the ASEAN region with our own on-the-ground marketing and distribution teams but we lacked a direct presence in Hong Kong and Macau," Dr Sexton said.

Sunwah is one of the largest importers and distributors of food stuffs in Hong Kong, and Macau and has a long standing specialisation in seafood products, in the region. The company was founded in 1957 and now operates one of the most comprehensive logistics and door-to-door delivery services in Hong Kong with services to major hotels, supermarkets, air-catering companies, theme parks, fast food chains and restaurants.

Sunwah also owns and operates restaurants in Hong Kong and the People's Republic of China including the Nishimura Japanese Restaurant chain.

Dr Sexton said that through its long established network of contacts in Hong Kong, BFC had identified and considered a number of different potential joint venture partners in Hong Kong but after an extensive evaluation process had decided to enter into a Joint Venture with Sunwah. This was not only because of the substantial capabilities and highly regarded track record of Sunwah but also because of its focus on business culture, strong ethical practices and community engagement, all of which aligns with the focus and objectives of BFC.

The Chairman of the Sunwah Group, Dr Jonathan Choi, said that Sunwah was very pleased to have formed a formal association with the Beston Global Food Company as the joint venture recognised, and capitalised on, the relative strengths of the two companies.

"Beston has a wide variety of premium quality food and beverage products which are in high demand in Asia. Sunwah has a strong distribution business in Hong Kong and Macau, which has earned a reputation over a period of more than 50 years for the provenance of its products and the quality of service provided to its customers. We share a lot in common. It is a perfect marriage" Dr Choi said.

"Sunwah is very active in both the business and the broader communities in which it operates as I am a firm believer in companies contributing to the societies where they have enjoyed success. I am pleased that the principals of BFC share the same values".

The joint venture will operate as a special purpose company in Hong Kong with 51% of the shares held by Sunwah and 49% by BFC. Sunwah is responsible, under the terms of the joint venture, for utilising its existing distribution channels to market and sell BFC sourced food and beverage products in Hong Kong, Macau, Guangdong and Jiangsu provinces of the PRC. BFC is responsible for providing products from its food and beverage portfolio to the joint venture, along with any supporting product information or technical expertise as may be required from time to time.

Dr Sexton said that the Joint Venture Company will work closely with the BFC China team based in Dalian to maximise the outcomes from their respective efforts to grow the market for BFC products in Hong Kong/Macau and Greater China.

Beston Global Food Company Ltd
E: bgfcipo@bestonpacific.com.au
WWW: www.bestonglobalfoods.com.au

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newsroom@abnnewswire.net
<![CDATA[ AUDIO: Blackmores Limited (ASX:BKL) Interview with CEO Christine Holgate and Bega Cheese Ltd (ASX:BGA) Chairman Barry Irvin ]]> en81391 Y http://www.abnnewswire.net/press/en/81391/ Sat, 31 Oct 2015 14:28:24 GMT AUDIO: Blackmores Limited (ASX:BKL) Interview with CEO Christine Holgate and Bega Cheese Ltd (ASX:BGA) Chairman Barry Irvin.

With the business tie up between Blackmores Limited and Bega Cheese Limited, a synergy between to well known brands is set to provide value for consumers and investors alike.

The Bega Cheese Ltd subsidiary "Tatura" has been manufacturing milk products for many years and is now focusing their technology providing "Life Stage" nutritional products for distribution through Blackmores Ltd.

In a discussion with Christine Holgate and Barry Irvin, the foundation for that business relationship is explained.

To listen to the interview, please visit:
http://www.abnnewswire.net/press/en/81391/bega

Blackmores Limited
Sally Townsend, Head of Brand Communications
T: +61-2-9910-5122
E: stownsend@blackmores.com.au
WWW: www.blackmores.com.au


Bega Cheese Limited
WWW: www.begacheese.com.au

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newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) First Quarter Results Announcement ]]> en81330 Y http://www.abnnewswire.net/press/en/81330/ Thu, 29 Oct 2015 10:15:13 GMT Blackmores Limited (ASX:BKL) has announced a strong first quarter performance with net profit after tax (NPAT) of $22.6 million, up 161% on the prior corresponding period.

Highlights

- Group sales of $162.2 million for the first quarter, up 65% on prior corresponding period

- First quarter net profit after tax of $22.6 million, up 161% on prior corresponding period

- Blackmores enters ASX200

- Partnership with Bega to develop a nutritional rang

The strong sales momentum across the Group continued with sales of $162.2 million for the first quarter, up 65% on the prior corresponding period.

"All Blackmores business units have again delivered strong growth," said Blackmores CEO Christine Holgate. "Sales to Chinese consumers, both directly and through Australian pharmacy partners, are estimated at $55 million for the quarter, or 34% of Group sales. Total Asia sales, at $80 million, are almost 50% of Group sales, highlighting the growing importance of Asia. Even excluding China from our results, our Group sales would be up 18% reflecting the strong momentum across all of our businesses."

The strong cash flows generated in the quarter have supported improved debt levels. This, combined with the benefit of a renegotiated loan facility, has resulted in lower interest payments which further benefited the profit result. Prior to the September dividend payment, the Group held no net debt.

"We're proud that, in the year Blackmores celebrates our 30th year since listing on the ASX, our company joined the ASX200," said Christine Holgate.

Blackmores sales through Australian retailers were $115.4 million, up 76% for the first quarter, compared to the prior corresponding period. This result was driven by sales to Chinese tourists and entrepreneurs as well as strong growth across all channels and a successful consumer promotion in August. Blackmores

New Zealand grew sales by 28% to $3.3 million with increased customer focus as the company transitions to a new distribution model.

Blackmores sales in Asia were $25.4 million, up 55% compared to the prior corresponding period. Korea, Singapore and Hong Kong sales were particularly buoyant with high levels of marketing activity and trade support. Direct sales through our China business were up ten-fold compared to the prior corresponding period. The weaker Australian dollar supported a 5% growth in Thailand's contribution to Group sales. The improved Thai result indicates that this business is starting to recover after two years of retail volatility. Blackmores will invest in additional consumer-facing roles to support their growth.

BioCeuticals sales were $16.6 million, up 28% for the quarter, compared to the prior corresponding period. This sales result was particularly pleasing given a major operational initiative undertaken to relocate the warehouse facility to the Blackmores Distribution Centre at Eastern Creek in NSW. The BioCeuticals Clinical range of evidence-based therapeutic products is gaining a high level of practitioner support and contributing to the overall success of the brand.

"One hundred per cent of the BioCeuticals team voted in support of adopting the Blackmores Enterprise Agreement in August, highlighting the strong cultural alignment between businesses within our Group and the commitment of staff to our strategy," said Christine Holgate.

Blackmores' Animal Health division delivered a sales increase of 63% for the first quarter compared to the prior corresponding period. The Pure Animal Wellbeing brand benefited from an increased marketing investment in Australia and the launch of Mediderm® in Japan after achieving product registration and passing that market's high regulatory hurdles.
The high sales volumes across the Group resulted in new productivity records at the Blackmores Campus at Warriewood. This was supported by the addition of a third production and distribution shift, meaning the facilities are operational 24 hours a day for much of the week. The installation of additional plant equipment also drove efficiencies and increased capacity.

"We remain in a capacity constrained environment and our principal concern is the availability of products for our Australian consumers," said Christine Holgate. "The scarcity of raw materials that meet Blackmores' unrivalled quality standards is resulting in increased costs of many key ingredients and restricting our ability to meet demand."

Blackmores Institute announced the result of a new study, published in the New England Journal of Medicine, showing a 23% risk reduction of new skin cancers through use of a Blackmores vitamin B3 formulation. The results were shared with an audience of 300 healthcare professionals at the Blackmores Institute Symposium in Melbourne last week.

BLACKMORES AND BEGA PARTNERSHIP

Blackmores Limited (ASX:BKL) and Bega Cheese Ltd (ASX:BGA) are establishing an equal share partnership to develop and manufacture a range of nutritional foods, including high quality infant formula, through Bega's subsidiary Tatura.

"Blackmores and Bega are iconic Australian brands and share a long history of producing quality products. Together we have highly complementary experience, Blackmores in health and nutrition and Bega in dairy manufacturing. This experience is matched by a strong alignment on sustainable sourcing and ingredient traceability as well as shared corporate values," said Blackmores CEO, Christine Holgate.

The partnership brings together the experience of each organisation to develop and produce a range of nutritional foods based on an understanding of our consumers in Australia and Asia. Bega will be the exclusive supplier of the Blackmores and Tatura formulations which will be available early in 2016.

"We're developing the range of Blackmores and Tatura products to ensure we have an offering that meets the highest quality standards, with premium ingredients," said Ms Holgate. "We are aware from our presence in the Asia region that there is significant demand for infant formula and we believe that, with the combination of Blackmores and Bega, we're uniquely positioned to support those women unable to breastfeed."

JOINT VENTURE WITH KALBE - KALBE BLACKMORES NUTRITION

Blackmores is pleased to announce the signing of a joint venture with Kalbe Farma, one of the largest healthcare companies in South East Asia, which will facilitate our entry into the Indonesian market. Having a presence in Indonesia is important to our Asia growth strategy and Kalbe is uniquely positioned to work with us with their established distribution capability. The launch of Blackmores in Indonesia is planned for 2016.

OUTLOOK

"We will continue to focus on our strategic priorities: to support our consumers in Australia, grow our business in Asia, demonstrate product leadership and improve our operational effectiveness," said Christine Holgate.

"We are pleased with the progress of the Group in the first quarter and are working to address the supply constraints without compromising our quality. Notwithstanding this limitation, demand continues to grow and we are taking this opportunity to invest in our existing business and to establish new platforms and partnerships to extend our brand and expertise."

"The Board is confident we will achieve strong profit growth for the full year."

Results at a Glance
Results ($000s) Quarter One - ended 30 September 2015

                                       This Year  Last Year  % Change
Sales                                   162,228   98,499     +64.7%

Earnings before interest, tax, 
depreciation and amortisation (EBITDA)   34,871   14,716     +137.0%

Earnings before interest and tax (EBIT)  33,130   13,200     +151.0%

Net interest expense                        373    1,128      -66.9%

Profit before tax                        32,757   12,072     +171.3%

Income tax expense                       10,125    3,416     +196.4%

Profit for the period                    22,632    8,656     +161.5%

MEDIA CONTACT
Sally Townsend
Head of Communications
M: 0419 225 781

Nina Crawford
Senior Corporate Affairs Manager
M: 0401 601 242

INVESTOR CONTACT
Christine Holgate
Chief Executive Officer
+61 2 9910 5186

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) and Bega Cheese Ltd (ASX:BGA) Partnership ]]> en81327 Y http://www.abnnewswire.net/press/en/81327/ Thu, 29 Oct 2015 10:01:15 GMT Blackmores Limited (ASX:BKL) and Bega Cheese Ltd (ASX:BGA) are establishing an equal share partnership to develop and manufacture a range of nutritional foods, including high quality infant formula, through Bega's subsidiary Tatura.

Blackmores and Bega are iconic Australian brands and share a long history of producing quality products. Together we have highly complementary experience, Blackmores in health and nutrition and Bega in dairy manufacturing. This experience is matched by a strong alignment on sustainable sourcing and ingredient traceability as well as shared corporate values.

The partnership brings together the experience of each organisation to develop and produce a range of nutritional foods based on an understanding of our consumers in Australia and Asia. Bega will be the exclusive supplier of the Blackmores and Tatura formulations which will be available early in 2016.

We're developing the range of Blackmores and Tatura products to ensure we have an offering that meets the highest quality standards, with premium ingredients. We are aware from our presence in the Asia region that there is significant demand for infant formula and we believe that, with the combination of Blackmores and Bega, we're uniquely positioned to support those women unable to breastfeed.

Barry Irvin 
Chairman, Bega Cheese Ltd. 
Contact: +61 6491 7720 

Christine Holgate
CEO, Blackmores Ltd.
Contact: +61 2 9910 5186

Media contact: 
Sally Townsend 
T: +61-419-225-781

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) First Quarter Letter to Shareholders ]]> en81326 Y http://www.abnnewswire.net/press/en/81326/ Thu, 29 Oct 2015 10:01:07 GMT Blackmores Limited (ASX:BKL) has announced a strong first quarter performance with net profit after tax (NPAT) of $22.6 million, up 161% on the prior corresponding period.

Highlights

- Group sales of $162.2 million for the first quarter, up 65% on prior corresponding period

- First quarter net profit after tax of $22.6 million, up 161% on prior corresponding period

- Blackmores enters ASX200

- Partnership with Bega to develop a nutritional range of products

- Joint venture with Kalbe to launch into Indonesia

The strong sales momentum across the Group continued with sales of $162.2 million for the first quarter, up 65% on the prior corresponding period.

All Blackmores business units have again delivered strong growth. Sales to Chinese consumers, both directly and through Australian pharmacy partners, are estimated at $55 million for the quarter, or 34% of Group sales. Total Asia sales, at $80 million, are almost 50% of Group sales, highlighting the growing importance of Asia. Even excluding China from our results, our Group sales would be up 18% reflecting the strong momentum across all of our businesses.

The strong cash flows generated in the quarter have supported improved debt levels. This, combined with the benefit of a renegotiated loan facility, has resulted in lower interest payments which further benefited the profit result. Prior to the September dividend payment, the Group held no net debt.

We're proud that, in the year Blackmores celebrates our 30th year since listing on the ASX, our company joined the ASX200.

Blackmores sales through Australian retailers were $115.4 million, up 76% for the first quarter, compared to the prior corresponding period. This result was driven by sales to Chinese tourists and entrepreneurs as well as strong growth across all channels and a successful consumer promotion in August. Blackmores New Zealand grew sales by 28% to $3.3 million with increased customer focus as the company transitions to a new distribution model.

Blackmores sales in Asia were $25.4 million, up 55% compared to the prior corresponding period. Korea, Singapore and Hong Kong sales were particularly buoyant with high levels of marketing activity and trade support. Direct sales through our China business were up ten-fold compared to the prior corresponding period. The weaker Australian dollar supported a 5% growth in Thailand's contribution to Group sales. The improved Thai result indicates that this business is starting to recover after two years of retail volatility. Blackmores will invest in additional consumer-facing roles to support their growth.

BioCeuticals sales were $16.6 million, up 28% for the quarter, compared to the prior corresponding period. This sales result was particularly pleasing given a major operational initiative undertaken to relocate the warehouse facility to the Blackmores Distribution Centre at Eastern Creek in NSW. The BioCeuticals Clinical range of evidence-based therapeutic products is gaining a high level of practitioner support and contributing to the overall success of the brand.

One hundred per cent of the BioCeuticals team voted in support of adopting the Blackmores Enterprise Agreement in August, highlighting the strong cultural alignment between businesses within our Group and the commitment of staff to our strategy.

Blackmores' Animal Health division delivered a sales increase of 63% for the first quarter compared to the prior corresponding period. The Pure Animal Wellbeing brand benefited from an increased marketing investment in Australia and the launch of Mediderm® in Japan after achieving product registration and passing that market's high regulatory hurdles.

The high sales volumes across the Group resulted in new productivity records at the Blackmores Campus at Warriewood. This was supported by the addition of a third production and distribution shift, meaning the facilities are operational 24 hours a day for much of the week. The installation of additional plant equipment also drove efficiencies and increased capacity.

We remain in a capacity constrained environment and our principal concern is the availability of products for our Australian consumers. The scarcity of raw materials that meet Blackmores' unrivalled quality standards is resulting in increased costs of many key ingredients and restricting our ability to meet demand.

Blackmores Institute announced the result of a new study, published in the New England Journal of Medicine, showing a 23% risk reduction of new skin cancers through use of a Blackmores vitamin B3 formulation. The results were shared with an audience of 300 healthcare professionals at the Blackmores Institute Symposium in Melbourne last week.

BLACKMORES AND BEGA PARTNERSHIP

Blackmores Limited (ASX:BKL) and Bega Cheese Ltd (ASX:BGA) are establishing an equal share partnership to develop and manufacture a range of nutritional foods, including high quality infant formula, through Bega's subsidiary Tatura.

Blackmores and Bega are iconic Australian brands and share a long history of producing quality products. Together we have highly complementary experience, Blackmores in health and nutrition and Bega in dairy manufacturing. This experience is matched by a strong alignment on sustainable sourcing and ingredient traceability as well as shared corporate values.

The partnership brings together the experience of each organisation to develop and produce a range of nutritional foods based on an understanding of our consumers in Australia and Asia. Bega will be the exclusive supplier of the Blackmores and Tatura formulations which will be available early in 2016.

We're developing the range of Blackmores and Tatura products to ensure we have an offering that meets the highest quality standards, with premium ingredients. We are aware from our presence in the Asia region that there is significant demand for infant formula and we believe that, with the combination of Blackmores and Bega, we're uniquely positioned to support those women unable to breastfeed.

JOINT VENTURE WITH KALBE - KALBE BLACKMORES NUTRITION

Blackmores is pleased to announce the signing of a joint venture with Kalbe Farma, one of the largest healthcare companies in South East Asia, which will facilitate our entry into the Indonesian market. Having a presence in Indonesia is important to our Asia growth strategy and Kalbe is uniquely positioned to work with us with their established distribution capability. The launch of Blackmores in Indonesia is planned for 2016.

OUTLOOK

We will continue to focus on our strategic priorities: to support our consumers in Australia, grow our business in Asia, demonstrate product leadership and improve our operational effectiveness.

We are pleased with the progress of the Group in the first quarter and are working to address the supply constraints without compromising our quality. Notwithstanding this limitation, demand continues to grow and we are taking this opportunity to invest in our existing business and to establish new platforms and partnerships to extend our brand and expertise.

The Board is confident we will achieve strong profit growth for the full year.

CHRISTINE HOLGATE
CHIEF EXECUTIVE OFFICER
M: 0409 102 122
INVESTOR CONTACT:
Dee Henz, +61 2 9910 5162

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Full Year Result: Net Profit up 83% ]]> en80754 Y http://www.abnnewswire.net/press/en/80754/ Wed, 26 Aug 2015 10:43:59 GMT Blackmores Limited (ASX:BKL) has announced annual sales of $471.6 million, up 36% compared to the prior corresponding period, delivering a record net profit of $46.6 million for the full year, 83% up compared to the prior corresponding period.

HIGHLIGHTS

- Group Sales of $471.6 million, up 36% on the previous year

- Record net profit after tax of $46.6 million, up 83% on the previous year

- Strong operational cash flows supported net debt down 87% to $7.1 million

- Earnings per share of 270.7cents, up 81.4%

- Final dividend of 135 cents per share, total ordinary dividends for the year were 203 cents per share (fully franked), a 60% increase over last year's dividends

"We are particularly proud that our growth has come from all regions and brands," said Blackmores Chief Executive Officer Christine Holgate. "The higher sales were the culmination of a number of programs we had put in place over recent years including reinvigorating our Australian business, establishing an enterprise in China, investing in our quality and research programs and identifying a strong brand proposition that is supported by a higher level of marketing across the Group."

"Twelve months ago we were reporting pleasing momentum which continued to build as the year progressed. The benefits were further bolstered by operational efficiencies and improvements to the Group's cost base, by leveraging our increased volumes and optimising our Warriewood Campus facility," said Christine Holgate.

"These unprecedented levels of growth, including a 50% sales uplift in the second half, have created supply challenges. Our principal concern has been addressing the needs of our Australian consumers who have loyally supported the Blackmores brand for so many years. We have increased our supply and capacity significantly, whilst remaining focused on maintaining our unrivalled quality and commitment to efficacy and sustainability," she said.

BLACKMORES AUSTRALIA / NEW ZEALAND

Less than two years ago, Blackmores shared its strategic objective to grow the core Australian business profitably. As a result Blackmores Australia grew its profitability by 88% compared to the prior corresponding period, with sales in Australia up 43% to $317.4 million. This was achieved with double digit growth across all sales channels including community pharmacy, and appears to have been boosted by increased demand from Chinese tourists and entrepreneurs.

"We worked to deepen our relationships with retailers and to support consumer pull-through with increased investment in integrated brand activity, more merchandising units and extending our education program," said Christine Holgate. "Blackmores was recently recognised as the Most Trusted Brand in the category for the seventh consecutive year."

The profitability of Blackmores' Australian business has benefited from leveraging the scale of the growing Group as well as improved recoveries from the Warriewood Campus.

Blackmores New Zealand achieved sales growth of 13%, the strongest result since Blackmores has been in the New Zealand market.

BLACKMORES ASIA

Asia is a key region for Blackmores, providing an important platform to secure long-term profitable growth. This growth enables the Group to better leverage capital investments and provides sources of alternative currency that are intended to provide a natural hedge against the cost of raw materials that are sourced from all over the world.

Asia sales were up 26% for the year to $84.0 million, which is double that of five years ago. Earnings before interest and taxes (EBIT) from Asia were up 82% to $8.3 million.

Blackmores Malaysia sales were up 13.5% and EBIT was up 22% to $3.3 million. Thailand continued to be impacted by a soft market with sales down 7% and EBIT down 27%. However, Thailand remains highly profitable, contributing $6.3 million to Group earnings.

"Whilst challenges remain, we have strong local leadership and an experienced team and are optimistic about our future prospects," said Christine Holgate.

Blackmores' smaller markets in the region, Korea, Singapore and Hong Kong have all delivered strong sales results, they have significantly improved profitability and are growing.

Sales to China have multiplied, supported by the Blackmores Wholly Foreign-Owned Enterprise (WFOE) established in 2014. The opening of free trade zones created a substantial opportunity, especially as Blackmores was one of only a few companies in this category to secure a licence to directly trade within the zone.

"As noted, it is apparent that there are a growing number of Chinese shoppers and entrepreneurs purchasing our products through Australian retailers," said Christine Holgate. "By combining the contribution from these consumers with our Asia-based revenues, the value of the region to our Group sales is approximately $150 million for the year. This demonstrates the growing demand for our brand outside Australia and highlights the importance of our Asia growth strategy."

BIOCEUTICALS

BioCeuticals achieved an 18% increase in sales, compared to prior corresponding period, delivering $55.5 million and EBIT of $8.7 million, up 27%.

"When Blackmores acquired this company in 2012, we had expected to reach this target by 2017. This performance validates the strong fit for this company in our Group and is the result of a successful pipeline of innovative new products and a talented team," said Christine Holgate.

"Three years ago shareholders supported our decision to acquire this business which was fully debt funded. I'm pleased to report that every cent borrowed for this has now been repaid. The BioCeuticals team has not only grown its top line, it has made an impressive contribution to our Group earnings and our reputation with practitioners," she said.

For the full results, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BKL-874591.pdf

To listen to CEO Christine Holgate, please visit:
http://www.abnnewswire.net/press/en/80756/blackmores

MEDIA CONTACT
Sally Townsend
Head of Communications
M: 0419 225 781

INVESTOR CONTACT
Christine Holgate
Chief Executive Officer
+61 2 9910 5186

]]>
newsroom@abnnewswire.net
<![CDATA[ AUDIO: Blackmores Limited (ASX:BKL) CEO Christine Holgate Discusses the Full Year Results ]]> en80756 Y http://www.abnnewswire.net/press/en/80756/ Wed, 26 Aug 2015 10:32:06 GMT Blackmores Limited (ASX:BKL) CEO Christine Holgate Discusses the Full Year Results.

Having recently celebrated the 30th year of Blackmores as an Australian publicly listed company, the company announced a record sales and profit result for the Group and the highest ever returns for our shareholders.

Group sales of $471.6 million were 36% up on the prior year which delivered a $46.6 million profit, an increase of 83% on the prior year's profit. The solid financial results enabled us to continue to improve our balance sheet with strong cash flows delivering low debt.

As the leader of this team, I am particularly proud that our growth came from all regions and brands. Twelve months ago we were reporting pleasing momentum, which continued to build as the year progressed. The benefits were further bolstered by operational efficiencies and improvements to the Group's cost base, by leveraging our increased volumes and optimising our Warriewood Campus facility.

The higher sales were the culmination of a number of programs we had put in place over recent years including reinvigorating our Australian business, establishing an enterprise in China, investing in our quality and research programs and identifying a strong brand proposition that is supported by a higher level of marketing across the Group.

Consumers, both in Australia and Asia, have a clear preference for high quality products with proven efficacy. Supported by improved trade relations between Australia and several markets in Asia, demand for Blackmores products grew as our marketing message resonated with customers locally.

Our unprecedented levels of growth (including a 50% sales uplift in the second half) have created supply challenges. Our principal concern has been addressing the needs of our Australian consumers who have loyally supported the Blackmores brand for so many years. We have increased our supply significantly, whilst remaining focused on maintaining our unrivalled quality and commitment to sustainability.

Our continued focus has been aligned to the four strategic priorities we committed to deliver at the start of the financial year:

- Support Blackmores Australia to build our brand and return the business to profitable growth

- Invest in BioCeuticals, Blackmores Asia and Pure Animal Wellbeing to continue to diversify our business and build new sources of growth

- Build our product leadership position through the valued research and knowledge within Blackmores Institute and a program of product range innovation

- Continue to improve operational effectiveness and transform our cost profile

Financial and Operational Highlights

- Group Sales of $471.6 million, up 36% on the previous year

- Record net profit after tax of $46.6 million, up 83% on the previous year

- 170 new product launches and range extensions

- Seventh consecutive year as Most Trusted Brand* in our category

- Net debt decreased by 87% to $7.1 million

- Almost doubled operating cash flow

- Net assets per share increased by 38% to $5.27

- Earnings per share of 270.7cents, up 81.4%

* Reader's Digest Most Trusted Brand Survey

To listed to the Audio Interview, please visit:
http://www.abnnewswire.net/press/en/80756/blackmores

Tel: +61-2-9910-5000
Fax: +61-2-9910-5555
Web: www.blackmores.com.au

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Wins Australia China Business Award ]]> en80078 Y http://www.abnnewswire.net/press/en/80078/ Mon, 1 June 2015 12:04:12 GMT Blackmores Limited (ASX:BKL) has been awarded the Australia China Business Award for Sustainability and Social Impact at a gala event in Hong Kong.

The award recognised Blackmores for its outstanding implementation of policies and initiatives that demonstrate corporate social responsibility, leadership and commitment to environmental sustainability or social impact in Greater China over the past year.

As well as promoting optimal nutrition and health programs, Blackmores has demonstrated a strong commitment to environmental consciousness through packaging initiatives and sustainable sourcing.

Blackmores Asia Managing Director, Mr Peter Osborne, commended the dedicated team who have supported the presence of Australia's leading natural health brand in Hong Kong for the last 20 years and in China since 2012:

"Our team have embraced the values that have supported the Blackmores brand in Australia for more than 80 years and these have been warmly received by a growing number of consumers in Asia,' said Peter Osborne. "We are so proud to receive this award because it recognises our commitment to the community and the environment."

The Australia China Business Awards were attended by the Chief Executive of Hong Kong SAR, the Australian Ambassador and Consul-General and leading Australian businesses operating in China, Hong Kong and Taiwan.

Sally Townsend
Head of Communications
Blackmores
M:  +61 2 419 225 781

]]>
newsroom@abnnewswire.net
<![CDATA[ AUDIO: Blackmores Limited (ASX:BKL) Confirms Strong Third Quarter and Expects a Record Full Year profit ]]> en79844 Y http://www.abnnewswire.net/press/en/79844/ Wed, 29 Apr 2015 14:27:55 GMT Blackmores Limited (ASX:BKL) has reported Group sales of $326 million for the nine months to 31 March 2015, up 28% compared to the previous corresponding period. Net profit after tax was $31 million, up 76% for the nine month period. This is consistent with the investor update released by Blackmores on 30 March 2015.

In an audio interview, Christine Holgate, Blackmores CEO, outlines the company performance and strengths that achieved these results. Listen to the audio interview here:
http://www.abnnewswire.net/press/en/79844/blackmores

Highlights

- Group sales for the nine months to 31 March of $326 million, up 28% compared to prior corresponding period.

- Net profit after tax (NPAT) for the nine months to 31 March of $31 million, up 76% compared to the prior corresponding period.

- Record third quarter driven by strong performances across the Group.

- Blackmores expects a record full year profit.

"We are extremely pleased that the momentum in our business has continued," said Blackmores Chief Executive Officer, Christine Holgate. "This was driven by strong performances across the Group."

"The third quarter results show a continuation of the sales momentum that we have experienced across the Group with a 42% increase in quarterly sales and 125% increase in profit compared to the third quarter last year."

"In May, we celebrate the 30th year anniversary of Blackmores as an ASX-listed public company and we are delighted to commemorate this milestone with good financial results."

Blackmores Australia year to date sales growth, at 35%, was boosted by strong pharmacy sales and the benefit of a growing demand for Blackmores products from Chinese consumers. The Blackmores Australia team is further strengthened by the appointment of Mr Paul Di Vito as Chief Marketing Officer.

BioCeuticals continued to deliver innovative new products across both the BioCeuticals and IsoWhey brands which supported sales growth of 23% in the third quarter compared to the previous corresponding period.

The recent BioCeuticals Research Symposium attracted more than 350 health care professionals for a three day conference and masterclass series. It reflected the position of the practitioner-only brand as a thought leader in evidence-based integrative medicine with overwhelmingly positive participant feedback about the quality of education at this event.

"We are delighted to have partnered with influential Chinese tennis legend Li Na who will work with Blackmores on health and nutritional initiatives," said Christine Holgate. The ambassadorship was announced in Shanghai in April.

Blackmores sales in Asia are up 43% in the third quarter compared to the same period last year driven by strong performances from Malaysia, Singapore, China, Hong Kong and Korea whilst Thailand continues to face some market challenges.

"The growing demand for Blackmores' high quality premium Australian products is reflected in our sales results," said Christine Holgate. "We have worked hard to significantly increase our inventory to minimise the impact on consumers when product lines are out of stock. We encourage consumers who have been inconvenienced by certain products being unavailable to contact Blackmores Customer Service for assistance."

Blackmores' Operations are adapting to the increased sales rate with a record 2.2 million units produced at the Blackmores Campus in March and 2.75 million units picked and shipped in the same month. These high volumes support improved recoveries of fixed costs and continue to benefit our cost of goods which can be seen in our improved earnings before interest and tax (EBIT) at $47 million for the nine months, up 67% compared to the prior corresponding period.

"This strong performance continues to support an improving cash and debt position, with interest charges down 38% in the third quarter," said Christine Holgate.

OUTLOOK

"We have strong momentum in the business driven by benefits from programs that we have been establishing and investing in over recent years including a vibrant presence in Asia, a respected practitioner brand and our heartland consumer business in Australia," said Christine Holgate. "Our recent demand has been supported by the operational and quality programs at the Blackmores Campus which are adapting to the high volumes we are experiencing and we will continue to invest in our facilities to meet growing consumer demand."

"This success confirms the Board's confidence in our business strategy and shareholders can expect the current year to date growth to continue and deliver a record full year profit for the Blackmores Group."

To view the results, please visit:
http://media.abnnewswire.net/media/en/docs/79844-ASX-BKL-854760.pdf

Audio Interview:
http://www.abnnewswire.net/press/en/79844/blackmores

MEDIA CONTACT
Sally Townsend
Head of Communications
M: 0419 225 781

INVESTOR CONTACT
Christine Holgate
Chief Executive Officer
+61 2 9910 5186

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Ltd (ASX:BKL) Confirms Continued Growth ]]> en79649 Y http://www.abnnewswire.net/press/en/79649/ Mon, 30 Mar 2015 17:07:30 GMT Following today's Board Meeting, Blackmores Ltd (ASX:BKL) has announced continued strong sales growth for the third quarter.

Group sales for the third quarter are expected to close around 10% higher than the previous quarter of this financial year.

The Board estimates that this pleasing growth will deliver a third quarter net profit after tax increase of around 20% on the previous quarter of this financial year.

The company expects to announce the third quarter financial results on 28 April 2015.

Media contact:
Sally Townsend
Head of Communications
M: 0419 225 781

Investor contact:
Christine Holgate
Chief Executive Officer
M: 0409 102 122

]]>
newsroom@abnnewswire.net
<![CDATA[ AUDIO: Blackmores Ltd (ASX:BKL) CEO Christine Holgate on the Half Year Report and Company Strategy ]]> en79434 Y http://www.abnnewswire.net/press/en/79434/ Thu, 26 Feb 2015 16:29:34 GMT AUDIO: Blackmores Ltd (ASX:BKL) CEO Christine Holgate on the Half Year Report and Company Strategy.

Christine has over 29 years of international sales and marketing experience in highly regulated industries, including telecommunications, finance, media and healthcare. Christine was appointed to her current role as Chief Executive Officer by the Board in November 2008.

She has held numerous board and senior management positions, working in Europe, Asia, the Americas and Australia. Christine's prime responsibilities have been leading teams through significant change, growth and start-up. Christine has three postgraduate diplomas in Management, Marketing, and Purchasing and Supply; and a Master's Degree in Business Administration (MBA). Christine is also a Non-Executive Director for Ten Network Holdings Limited.

Christine was awarded the 2011 (inaugural) International Executive Study Scholarship by Chief Executive Women and the Women's Leadership Institute Australia, and was honoured with the Rotary Paul Harris Award in 2013.

To listen to the Audio Webcast, please visit:
http://www.abnnewswire.net/press/en/79434/blackmores

Blackmores Limited
WWW: www.blackmores.com.au/

]]>
newsroom@abnnewswire.net
<![CDATA[ Record Half Year Profit for Blackmores Limited (ASX:BKL) ]]> en79430 Y http://www.abnnewswire.net/press/en/79430/ Thu, 26 Feb 2015 13:14:18 GMT Blackmores Limited (ASX:BKL) has reported first half group sales of $206.4 million, 22% up on the prior corresponding period. This delivered a net profit after tax for the first six months of the year of $18.6 million, 54% up on the prior corresponding period and a record result for the Group.

Highlights

- Record half-year sales of $206.4 million, up 22% on the prior corresponding period

- Record half-year net profit after tax of $18.6 million, up 54% on the prior corresponding period

- Improved working capital at $29 million, up 118% compared to prior corresponding period and cash conversion at 118%

- Interim dividend of 68 cents per share fully franked, a 55% increase

- Directors have suspended the Dividend Reinvestment Plan

"This is a very encouraging result that was achieved with all regions and brands in the Blackmores Group delivering strong year on year growth," said Blackmores Chief Executive Officer, Ms Christine Holgate. "It has positioned us well for the second half whilst enabling us to build a strong balance sheet."

"Importantly, we are delivering against our four key strategic priorities: to be increasingly consumer centric and grow our Australian business; invest in growth in Asia; leverage knowledge within the Blackmores Institute and drive further product innovation; and improve our operational effectiveness," said Ms Holgate. "The progress of these key initiatives has underpinned the Group's results."

Earnings before interest and tax (EBIT) increased by almost 50% to $28.2 million compared to the prior corresponding period, as the higher sales enabled Blackmores to benefit further from leveraging its existing assets.

Strong sales and a continued focus on cash management improved net debt, which reduced from $54.4 million to $36.7 million in the half and further strengthened Blackmores' balance sheet.

"BioCeuticals sales were up by 17% and their EBIT lifted by 40% compared to the previous corresponding half, demonstrating the benefits of the strategic focus on high quality, evidence-based products for practitioners. The performance of BioCeuticals since acquisition in June 2012 gives us confidence in our considered approach to growing the Group," said Ms Holgate.

"Blackmores Australia sales were up 29% boosted by stronger pharmacy sales and the benefit of a growing demand for Blackmores products from Chinese consumers. This gives us confidence in the importance of our Asia growth strategy," said Ms Holgate. "As a result of our strong growth and the significant operational benefits delivered, our Australian business grew EBIT by 61% compared to the same period last year."

"Blackmores Asia delivered a 5% sales increase and a 15% decline in EBIT reflecting the continued retail challenges in Thailand. Excluding Thailand, the region grew sales by 17% including a new record for Blackmores Malaysia," said Ms Holgate. "In Thailand we have a solid marketing and sales plan for the year and we have increased confidence in our medium term prospects in this market."

"Blackmores' wholly foreign-owned enterprise in China will support future growth in the region. Additionally, the opening of a free trade zone in China last November presents another opportunity for Blackmores, particularly as we have secured a licence to directly trade within the zone," said Ms Holgate.

Blackmores.com.au was refreshed in the period with a new design on a platform which will offer more potential to enhance consumer engagement and make it easier to navigate products online.

Blackmores' new easier-to-open, sustainable, improved shelf-life, stronger bulk pack has been awarded a WorldStar Packaging Award, the most prestigious prize in the global packaging industry. Blackmores' innovative design also won gold, silver and bronze medals across three categories at the Australian Packaging Design Awards.

The Australian Parliament yesterday recognised the importance of complementary medicines to the international health landscape and acknowledged the achievements of the National Institute of Complementary Medicine (NICM) as Australia's premier research facility in complementary medicine. This was significant recognition as NICM is a key collaborator with the Blackmores Institute.

KEY APPOINTMENTS

"I'm pleased to announce the appointment of two senior female managers in our Asia business. Ms Pussadee Suchitchon joins as the General Manager of Blackmores Thailand and Ms Jin Young Kim as the General Manager in Korea. Both individuals bring strong industry and management experience in their respective markets along with a breadth of expertise and qualifications in health and nutrition."

"Mr Aaron Canning has been appointed as our new Chief Financial Officer," said Ms Holgate. "Aaron has extensive management experience in Asia, New Zealand and Australia which is a great fit for our growing business. Mr Chris Last has stepped down as CFO and joint Company Secretary and Aaron Canning has also been appointed as joint Company Secretary for Blackmores Limited with Ms Cecile Cooper. I would like to pass on my sincere thanks to Chris Last for his valued contribution as CFO over the last five years."

DIVIDEND

The Board has declared an interim dividend of 68 cents per share fully franked, a 55% increase on last year. The record date is 25 March 2015 and the dividend is payable on 13 April 2015.

"This improved dividend rewards our shareholders who have shared our confidence in Blackmores' future prospects," said Ms Holgate.

DIVIDEND REINVESTMENT PLAN

Given the Company's significantly improved financial position, the Board has decided to suspend the Dividend Reinvestment Plan until further notice. Blackmores will add any residual cash balance standing to the account of existing participants when this dividend is paid.

OUTLOOK

Directors are very pleased with the first half performance of the Group and are confident about delivering shareholders a strong full year return.

INVITATION TO SHAREHOLDERS

MEET THE BLACKMORES MANAGEMENT TEAM - 21 MAY 2015

Blackmores would like to invite you to our second annual 'Meet the Management Team' event at our Company headquarters in Sydney.

This exclusive shareholder-only event will give you the unique opportunity to better understand how we work and gain deeper insight into our business. There will be no formal business matters.

Date: 21 May 2015

Time: 10am to 12pm, followed by a light lunch

Address: Blackmores Campus, 20 Jubilee Avenue, Warriewood NSW 2102

To attend, please contact Leah Boonthanom on 02 9910 5347 or email leahb@blackmores.com.au.

For those unable to attend, full details will be made available on the ASX and Blackmores' websites.

To view the Results, please visit:
http://media.abnnewswire.net/media/en/docs/79430-ASX-BKL-845000.pdf

MEDIA CONTACT
Sally Townsend
Head of Communications
M: 0419 225 781

INVESTOR CONTACT
Christine Holgate
Chief Executive Officer
+61 2 9910 5186

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<![CDATA[ Blackmores Ltd (ASX:BKL) Confirms Strong First Half ]]> en79124 Y http://www.abnnewswire.net/press/en/79124/ Mon, 19 Jan 2015 19:46:51 GMT Blackmores Ltd (ASX:BKL) today announced a strong close to Group sales at $206 million for the half ended 31 December 2014, up 22%, compared to the previous corresponding period.

The Board estimates that this pleasing result will deliver a first half profit around 50% above last year's first half profit.

The company expects to make a full announcement of the half-year financial results on 26 February 2015 when the audit process has been finalised.

Media contact:
Sally Townsend
Head of Communications
M: 0419 225 781

Investor contact:
Christine Holgate
Chief Executive Officer
M: 0409 102 122

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newsroom@abnnewswire.net