ABN Newswire http://www.abnnewswire.net Thu, 8 Dec 2016 13:06:20 newsroom@abnnewswire.net newsroom@abnnewswire.net 60 <![CDATA[ YPB Group Ltd (ASX:YPB) Master Supply Agreement Signed with Blackmores (ASX:BKL) ]]> en85671 Y https://www.abnnewswire.net/press/en/85671/ Mon, 21 Nov 2016 09:24:50 GMT Brand Protection and Customer Engagement solutions company YPB Group Limited (ASX:YPB) has signed a two-year Master Supply Agreement (MSA) with Blackmores Limited (ASX:BKL) under which YPB's suite of Brand Protection and Customer Engagement solutions can be deployed across the Blackmores range. The MSA sets the framework for the supply of YPB products and services to Blackmores.

- YPB to provide its full range of products and services to Blackmores under two year agreement

- The momentum in YPB's IP commercialisation plan is building

YPB's PROTECT solution is a patented, invisible, indestructible, uncopiable tracer or marker which can be seamlessly and easily incorporated into plastics, inks and fibres to create protected, intelligent packaging. The tracer is used to confirm the authenticity of a product in conjunction with YPB's patented scanner. The intelligent packaging can then be used with YPB's TRACK AND TRACE solution to DETECT counterfeit goods and ensure supply chain integrity, a major issue for exporters. Finally, the intelligent packaging can become the trigger for a customer to want to CONNECT directly with the brand. As far as YPB is aware it is the only company globally with a complete end-to-end solutions suite allowing a brand to PROTECT its products, DETECT counterfeit and supply chain problems, and CONNECT directly to end customers.

YPB Executive Chairman John Houston said: "The opportunity to work with Blackmores is an important endorsement of our vision to help Western exporters realise the potential of Asia while protecting and growing the value of their brands. With the technologies and talent in place, the commercialisation of our valuable and unique intellectual property is clearly gathering momentum."

Mr. John Houston 
Executive Chairman
T: +61-458-701-088 
E: john.houston@ypbsystems.com 

Mr. Gerard Eakin
Director
T: +61-427-011-596
E: eakin@manifestcapital.com
W: www.ypbsystems.com

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newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) 2016 AGM Presentation ]]> en85341 Y https://www.abnnewswire.net/press/en/85341/ Thu, 27 Oct 2016 10:26:12 GMT Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) is pleased to provide its 2016 AGM Presentation.

F16 COMMITMENT TO SHAREHOLDERS

"We remain focused on our strategic priorities. Demand for our products 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. We are committed to growing this business delivering improved shareholder returns in the coming year."

AN EXCEPTIONAL YEAR

- Group Sales of $717m, up 52%

- Record NPAT of $100.0m, up 115%

- EBIT margin improvement from 15% to 20%

- Operating cash flow of $84m, up 18%

- Cash conversion ratio of 81%

- Net debt $17m post acquisition of Global Therapeutics

- Earning per share of 581 cents, up 115%

- Dividends were 410 cents, up 102%

F16 HIGHLIGHTS

- Every region and brand delivered strong growth

- Recognised as one of Australia's best employers by AON Hewitt

- 117 new products launched across the Group

- Significantly invested in infrastructure and new businesses to build future pipeline

- Secured supply in a constrained environment, building reserves of scarce materials

- Acquired Global Therapeutics in May 2016 - Australian market leader in Chinese herbal medicine category

- Entered ASX 100

- Record payouts to key stakeholders - shareholders, staff and Australian Government

OPERATIONAL EFFECTIVENESS

- Total current assets have increased by 57% commensurate with business growth

- Inventory increased to $116m to ensure stock is held to meet demand, secured scarce raw materials, plus integration of Global Therapeutics.

- Invested in robotics and quadruple head counters, expanded our facilities footprint and our staff to increase capacity and improve productivity

- High staff engagement

F16 SUMMARY

- Exceptional year of performance

- Strong progress on delivering our strategic priorities

- Blackmores now the largest Asia Pacific natural health company

- Asia is increasingly important to our future

- Exited the year with a more diversified business, with a strong balance sheet and built new platforms for growth

- Key stakeholders rewarded

YEAR END SUMMARY AND AUGUST OUTLOOK

- Pleased with progress delivering strategic priorities

- Advised shareholders that first quarter financial results would be impacted by challenges in Australia

-- Major retailers destocking -- Changes in how exporters acquire products

- Encouraged by strong consumer demand, growing momentum in Asia and BioCeuticals

- Need to develop our business model, build new channels, adapt our cost base and accelerate our transition to support our changing retail landscape

FIRST QUARTER UPDATE

- Blackmores Australia sales down 40% to $68 million

-- Destocking impact circa $17m

-- Changes in how Chinese exporters buy, impact circa $28m

-- 20% of Australian sales influenced by Chinese shoppers

-- Australian consumer demand strong - Blackmores remains leader

- Asia sales contributed $51m, up 75% - Record Quarter

-- China in-country sales contributed $14m, up 135%

-- New China export division contributed $17m, up 356%

-- Total China direct sales $31m, up 222%

- BioCeuticals at $19m, up 17% - Record Quarter

- Global Therapeutics contributed $6m - Record Quarter

- Launched in Indonesia

- Lower volumes resulted in higher recovery costs

- Took immediate action to contain costs

OUTLOOK

- Australian market improving but remains challenged

-- Sales trajectory improved in the quarter

-- Impact of excess stock in Australia has eased

- Progress made in building new channels

- Blackmores Asia, BioCeuticals and Global Therapeutics all continuing to perform

- Embarked on cost structure review to enable continued investment and build profits

- Unlikely to match exceptional F16 full year profit

- Expect second quarter to be stronger than the first quarter

- Board remains confident in the Group's strategic focus and long-term growth prospects

To view the presentation, please visit:
http://abnnewswire.net/lnk/4QT99WO4

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) F17 First Quarter Results Announcement ]]> en85339 Y https://www.abnnewswire.net/press/en/85339/ Thu, 27 Oct 2016 10:23:05 GMT Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) today reported first quarter Group sales of $149 million, down 8.1% compared to the previous corresponding period. Net profit after tax (NPAT) was $12 million for the quarter, down 46.6% on the previous corresponding period.

Summary

- Group sales of $149 million, 8.1% down compared to previous corresponding period

- Net profit after tax of $12 million, down 46.6% compared to previous corresponding period

- Consumer demand remains strong both in Australia and internationally, and Blackmores is the clear market leader in Australia

- Australian sales were impacted by retailers reducing excess stock and changing buying patterns of Chinese exporters

- Blackmores China business contributed $31m, up 220%, compared to previous corresponding period

- Blackmores Asia, BioCeuticals and Global Therapeutics all delivered strong growth

"Though trading conditions were challenging at the start of the financial year, we finished the quarter in a stronger position than we started with improved sales and profitability momentum," said Chief Executive Officer Christine Holgate. "Importantly, consumer demand remains high, though our profit result for the first quarter was impacted by softer sales in Australia primarily as a result of changes in the export market which previously was largely serviced through Australian retailers."

"The lower Australian sales impacted our ability to recover the cost of our operational infrastructure which is reflected in our lower earnings before interest and tax," she said. "It is important we continue to focus on adapting our business and continuing to invest for longer-term growth."

"Our China business, comprising in-country sales and sales from our new export division to service the Chinese market, delivered $31 million, up 220% compared to the prior corresponding period," said Christine Holgate. "The rapid growth of sales through these channels is encouraging as it validates continuing demand for our products in China."

"Blackmores Australia sales of $68 million were down 40% compared to the prior corresponding period as Chinese exporters transitioned to new channels and Australian retailers worked through excess stock. We estimate the impact of reducing excess stock to be $17 million with a further $28 million resulting from changes to the way exporters buy through Australian retailers. Around 20% of Australian sales in the first quarter are estimated to be to consumers in China," she said. "Pleasingly, underlying sales to Australian consumers for the first quarter were growing ahead of the category and Blackmores remains the clear market leader."

Sales of nutritional foods in partnership with Bega have been sluggish in the first quarter as the Australian market adapts to overstocking. The team is focused on launching into the China retail market later in the second quarter following the recent approval of labels that meet China's strict regulations.

"We have had nearly three years of rapid growth over which time our expenses have increased to meet demand. We are in the process of realigning our cost structure to ensure it is appropriate to the size of our business, that it enables us to best serve our customers and that it still allows for investment in new platforms for growth."

In-country Asia sales were up 37%, contributing $35 million. Direct sales to Asia were $52 million for the quarter including almost $17 million from Blackmores' new Chinese export division.

BioCeuticals sales are growing at more than 17% compared to the prior period. Their sub-brand IsoWhey was recognised with the Customer Satisfaction award in the highly competitive weight loss category at the Canstar Blue Awards in September.

"Global Therapeutics has achieved pleasing sales momentum since Blackmores acquired the leading Australian Chinese herbal medicine company in May 2016 and continues to meet our expectations," said Christine Holgate.

NEW MARKETS

Blackmores launched in Indonesia in September with encouraging early sales. The current range of 17 products is expected to grow to 29 core lines in more than 1,200 retail outlets with an established e-commerce presence by the end of the financial year.

"Indonesia is another exciting opportunity for Blackmores with an increasing number of consumers taking a greater interest in health. This growing health literacy is coupled with a growing middle class," said Christine Holgate. "Our joint venture with Kalbe enables us to partner with leaders in health and nutrition with a strong understanding of and commitment to Indonesian consumers. Together we have established a sophisticated service model that provides excellent distribution to retailers and consumers across Indonesia."

OUTLOOK

"As advised when we announced our full year results, our first quarter sales have been impacted by changes in market dynamics in Australia. Pleasingly, we entered the second quarter with an improving sales and profit trajectory, there are positive sales trends that indicate overstocking is easing, consumer demand remains robust and we have been able to capture significant new sales in China," said Christine Holgate.

"Whilst we don't expect to match last year's exceptional performance for the full year, we are pleased with the improving trends and are encouraged by new growth opportunities. At this stage, we anticipate a stronger second quarter compared to the first quarter sales and profit. The Board remains confident in the Group's strategic focus and long-term growth prospects."

To view the announcement, please visit:
http://abnnewswire.net/lnk/84A778FT

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) 2016 AGM Webcast ]]> en85274 Y https://www.abnnewswire.net/press/en/85274/ Mon, 24 Oct 2016 14:25:44 GMT Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) wishes to advise a webcast facility will be available for the 2016 Annual General Meeting (AGM) being held at the Blackmores Campus, 20 Jubilee Avenue, Warriewood NSW at 11.00am (AEDT) on 27 October 2016.

A live webcast of the proceedings of the meeting will be available at:

http://www.abnnewswire.net/lnk/GG19K1FJ

An archive of the webcast will be available after the event on the Blackmores website (Go to www.blackmores.com, click Investor Centre, then click on 'Investor Webcasts'), or visit http://www.abnnewswire.net/lnk/87I5IY9G.

The webcast will not be interactive and shareholders who wish to vote at the meeting should attend in person or by proxy.

Proxy forms and full details of the 2016 AGM are contained in the Notice of Meeting which was sent to shareholders and lodged with ASX 23 September 2016.

Cecile Cooper
Company Secretary
T: +61-2-9910-5000
E: reception@blackmores.com.au

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newsroom@abnnewswire.net
<![CDATA[ Boardroom.Media Builds on Capabilities Announcing Media Production Distribution and News Wire Partnership with ABN Newswire ]]> en85184 Y https://www.abnnewswire.net/press/en/85184/ Tue, 18 Oct 2016 12:10:14 GMT Leading webcasting service provider and corporate multimedia production house Boardroom.media is pleased to announce a product and services partnership with ABN Newswire.

The agreement will see the media assets and programs including webcasts produced by Boardroom.Media distributed through ABN Newswire's network of professional platforms, finance portals, news aggregators and news outlets.

"This partnership will extend the reach of the stories we produce for our clients and add another valuable source of insights and news for ABN Newswire's audience."

"Investor relations news, virtual AGMs, corporate stories and in-depth analysis of market trends along with insights from Australia's serial Entrepreneurs, Listed Company executive teams, Asset managers and professional services teams are among the Boardroom.Media stories expected to be shared via ABN Newswire," said Boardroom.Media CEO William Canty.

Colin Alexander, ABN Newswire Chief Information Officer further commented, "The partnership with Boardroom.media has been a long time coming, and we are very excited to team up to provide what we believe will be a truly premium product. Ultimately this venture is all about providing great value to our clients and ensuring all of their corporate press and media receives the attention they deserve.

Combining in a partnership with Boardroom.media provides just that; the opportunity for an all inclusive premium service featuring both content production, media distribution and online news syndication service".

Boardroom.media and ABN News provide Investor Relations news production and syndication across all market sectors with clients including;

Blackmores Limited (ASX:BKL)
MYOB Group Ltd (ASX:MYO)
Evolution Mining (ASX:EVN)
Duet Group (ASX:DUE)
Graincorp Ltd (ASX:GNC)
Quickstep Holdings Limited (ASX:QHL)
Cash Converters International Ltd (ASX:CCV)
AWE Limited (ASX:AWE)

For more information contact:

William Canty, Boardroom.Media, Chief Executive Officer on +61-2-9339-6555
Colin Alexander, ABN Newswire, Chief Information Officer on +61-2-8205-7340

William Canty
Chief Executive Officer
Boardroom.Media
T: +61-2-9339-6555
www.boardroom.media

Colin Alexander
Chief Information Officer
ABN Newswire
T: +61-2-8205-7340
www.abnnewswire.com

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newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Analysts Briefing ]]> en84591 Y https://www.abnnewswire.net/press/en/84591/ Wed, 24 Aug 2016 12:41:40 GMT Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) are pleased to provide an Analysts Briefing for the full year financial results, year ending 30 June 2016.

RECORD SALES AND PROFITS

- Group Sales of $717m, +52%

- Group NPAT of $100m, +115%

- EBIT of $145m, +101%

- Basic Earnings per share of 580.6 cents, +114.5%

- Final dividend of 210c, taking total dividends to 410c fully franked

2015 / 2016 HIGHLIGHTS

- Leading Asia Pacific Natural Health Group

- Exceptional Year - Group Sales up 52% at $717m, NPAT up 115%

- Recognised as one of Australia's best employers by AON

- 117 New products launched across the Group

- Significantly invested in infrastructure and new businesses to build future pipeline

- Secured supply in a constrained environment, building reserves of scarce materials

- Acquired Global Therapeutics in May 2016 - Australian market leader in Chinese herbal medicine category

- Entered ASX 100

ASIA GROWTH

- Asian consumers estimated almost 50% of Group sales

- Asia in-country sales at $129m up 54%, delivering almost $15m in EBIT up 79%

- China in-country sales at $48m up 536%. Omni-channel approach in China is delivering and consumer demand continues to grow. EBIT at $12.6m up 979%

- Evolving regulations provide opportunities to expand in the retail market

- Strong sales in established markets - including Thailand, Malaysia, Singapore, Hong Kong, Taiwan up 11%

- Korea had a challenging second half result, negatively impacting EBIT $2.8m

- Investment in upcoming launch in Indonesia and capability in Blackmores International office as we continue to transform our business to better serve Asia

OUTLOOK

- Strong consumer demand across our business and growing market share affirming our leadership in Australia

- The Australian wholesale market is volatile and has softened in recent weeks impacted by retailers destocking and some exporters changing the channels through which they acquire products

- We expect First Quarter to be down compared to the prior corresponding period

- We are confident that sales will improve as the year progresses.

- We continue to develop our business model, building new growth channels, adapting our cost base and accelerating our transition

- Continued optimism for long-term growth.

To view the full Analysts Briefing, please visit:
http://abnnewswire.net/lnk/36R64BX3

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

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

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Full Year Results Announcement ]]> en84582 Y https://www.abnnewswire.net/press/en/84582/ Wed, 24 Aug 2016 10:04:14 GMT Blackmores (ASX:BKL) (OTCMKTS:BLMMF) has announced its fourteenth consecutive year of sales growth, delivering Group sales of $717 million, up 52% on the prior year and resulting in net profit after tax (NPAT) of $100 million, 115% up on the prior year.

Highlights:

- Group sales of $717 million, up 52% on the previous year

- Record net profit after tax of $100 million, up 115% on the previous year

- Exceptional sales in Australia, boosted by over $200 million in China influenced sales

- Acquisition of Global Therapeutics in the fourth quarter

- Final dividend of 210 cents per share, total ordinary dividends for the year were 410 cents per share (fully franked), 102% above last year's record dividends.

"Growing consumer demand for our products enabled us to realise further operational benefits and saw the Group double production capacity over the year," said Blackmores CEO Christine Holgate. "Importantly, we were able to maintain our commitment to unrivalled quality standards by further extending into our supply chain whilst productivity and efficiency was boosted."

AUSTRALIA (INCLUDING PAW)

Blackmores' Australian business delivered $495 million in sales, up 56% compared to the previous year, reflecting the strong growth from Australian consumers and further boosted by sales to Chinese tourists and exporters to satisfy the appetite for Blackmores' quality products in China.

Pure Animal Wellbeing (PAW), Blackmores' animal health division, achieved $7 million in sales (up 31%) and maintained a strong leadership position in the natural pet health market.

ASIA

In-country sales in Asia were $129 million, a 54% increase compared to the previous corresponding period, driven through a range of channels including pharmacy, online retailers and health stores.

"Pleasingly, our more established markets in Asia had a strong sales year, and while Korea experienced sales challenges, the region delivered top line growth achieving sales of $81 million (up 6%) including sales from Thailand and Malaysia," said Christine Holgate.

"Asia sales were bolstered by in-country sales in China of $48 million (up 536%). The expansion of free trade zones and our ability to serve e-commerce customers through our bonded warehouse in China have enabled us to benefit from the opportunities in Asia."

"In China, Blackmores has invested in an 'omni-channel' strategy, utilising multiple sales channels to connect the brand with consumers, enabling us to leverage opportunities and evolving regulations," said Christine Holgate. "This included a greater retail presence that will underpin our future growth in this market. We estimate that Chinese consumers influence over $250 million of our Group sales through a combination of export sales, in-country sales and sales through Australian retailers."

"The Asia earnings before interest and taxes (EBIT) result includes Blackmores' investment to launch in Indonesia next month," said Christine Holgate. "Indonesia is an exciting opportunity with a fast growing middle class and an increasing number of consumers taking a greater interest in health.

It will take time to establish our brand and business in Indonesia and it is another important milestone in our Asia growth strategy."

BIOCEUTICALS

BioCeuticals, Blackmores' practitioner-only range, delivered a strong result with $69 million in sales (up 25%). New product innovation and education were central to its success as the Australian market-leading brand for healthcare professional dispensing. They have also commenced distribution in the United States, a market with a strong network of allied health practitioners.

"Since acquiring BioCeuticals in 2012, we have doubled its profitability," said Christine Holgate. "BioCeuticals' growth was particularly pleasing given that this year's results include the payment of incentives and profit share to BioCeuticals employees following their adoption of the Blackmores Enterprise Agreement as well as the investment in new offices to support growth."

DEVELOPING BUSINESSES

Developing businesses - including New Zealand; Blackmores' contribution from the nutritional foods partnership with Bega; and sales from the recently acquired Global Therapeutics - contributed $23 million to Group revenue (up 50%).

Sales in New Zealand of $16 million (up 53%) were positively impacted by a change to our business model in this country including the appointment of a Blackmores sales team.

Blackmores' partnership venture to develop nutritional foods including infant formula with Bega has achieved early sales of $9 million of which Blackmores has a 50% share.

In May 2016, Blackmores acquired Global Therapeutics, an Australian company, with two brands offering Chinese herbal medicine, Fusion Health and Oriental Botanicals. Each are market leaders in this category in health food stores and pharmacy with an estimated 80% market share of retail Chinese herbal medicine. We are excited about the growth opportunities for these products both in Australia and in Asia. Global Therapeutics contributed $3 million to our revenues since the acquisition.

DIVIDEND

The Board has declared a final dividend of 210 cents per share (fully franked), taking total dividends for the year to 410 cents (up 102% compared to last year). The dividend is payable on 21 September.

"We are pleased in a year of exceptional growth to be able to reward our shareholders with a record dividend payout which is a fitting way to thank them for their support," said Christine Holgate.

OUTLOOK

"We are pleased with our progress in the last year in delivering our strategic priorities and leveraging the strong social and demographic trends underpinning the growing consumer interest in natural health products, and demonstrating the proven demand for our brand."

"We are encouraged by strong consumer demand across our business and growing market share affirming our leadership in Australia and the strong momentum from Blackmores Asia and BioCeuticals."

"The Australian wholesale market is volatile and has softened in recent weeks impacted by retailers destocking and some exporters changing the channels through which they acquire products. As a result, at this stage we expect our first quarter result to be down compared to the prior corresponding period. We expect sales will improve as the year progresses and will continue to develop our business model, building new growth channels, adapting our cost base and accelerating our transition to support the changing retail landscape to ensure our continued optimism for long-term growth."

To view the full Annual Report, please visit:
http://www.abnnewswire.net/lnk/3LYCA5XW

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) Annual Report 2016 to Shareholders ]]> en84577 Y https://www.abnnewswire.net/press/en/84577/ Wed, 24 Aug 2016 09:41:40 GMT Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) is the leading natural healthcare company across the Asia Pacific region.

Blackmores' operations include product innovation and formulation, sourcing of the highest quality ingredients, quality programs to ensure compliance with standards of good manufacturing practice and the marketing, sales and distribution of products to customers and consumers.

Our operations are structured to service and deliver to multiple channels including pharmacy, mass merchandisers, grocery, health food stores, practitioners and online. Our Animal Health range is also sold to vets and wholesalers.

Activities across the Group for the 2016 financial year were aligned to four key strategic priorities:

- Consumer Centricity - To promote our high quality products, supported by evidence and access to trusted advice, the Group significantly increased brand investment and our understanding of the consumer in our core markets in Australia and in Asia.

- Asia Growth - Asia brings access to two billion health conscious consumers, this is an opportunity for Blackmores to grow, increase scale, diversify our earnings and build a natural hedge into our business. Blackmores' Asian-based regional structure is fully operational to enable more efficient decision making and improved operational efficiencies.

- Product Leadership - Blackmores is a clear leader in the area of research and development and we have supported this with increased investment in the Blackmores Institute, a program of product range innovations and the development of independently accredited education programs.

- Operational Effectiveness - Improved operational efficiencies were derived from investment in and with our supply chain partners, leveraging our Central Services business model and optimising our increased size into scale benefits.

Group and Divisional Results

Group Sales for the year were $717.2 million (2015: $471.6 million), an increase of 52% compared with the prior year and our 14th consecutive year of sales growth.

Sales in Australia, our heartland market, were up 56% compared to the prior year and were stimulated by a growing consumer demand for high quality, natural wellness products. We have launched new products and improved our service of retail customers while investing in our brand through integrated marketing activity. The Australian business continued to benefit from increased sales through Chinese tourists and entrepreneurs shopping in Australia and Chinese Australian consumers purchasing for relatives and friends and shipping to China.

Excluding the impact of these sales, the Australian consumer business remains very healthy with sales up approximately 10%.

By combining the contribution from these consumers with our in-country revenues from Asia, the Asian consumer accounts for almost 50% of Group sales. This demonstrates the growing demand for our brand outside Australia and highlights the importance of our Asia growth strategy.

Increased sales to China have been supported by the Wholly Foreign-Owned Enterprise (WFOE) established in recent years.

The opening of free trade zones in 2014 and further expansion across the current year has created a substantial opportunity for the company, especially as Blackmores is one of only a few companies in this category to secure a licence to directly trade within the zones.

We are encouraged by the Australian Government's commitment to improved trade relations within the Asian region, which we believe will continue to support further growth. Asia is a key region for Blackmores, providing an important platform to secure long-term profitable growth.

Blackmores Asia achieved record sales, with full year sales up 54% to $129.4 million and EBIT up 79% to $14.9 million. In-country sales from Asia now comprise 18% of Group revenue.

Blackmores Korea experienced sales challenge. This, coupled with the investment in Blackmores' upcoming launch into Indonesia, resulted in a reduction in earnings for the 'Other Asia' segment compared to the prior year.

Our growing revenue from Asia has helped create a natural hedge whereby the impact of changes to off-shore revenues as a result of foreign exchange fluctuations are partially offset by the procurement benefits to the Group. Our growing businesses in Asia have afforded the Group many scale benefits which have improved our operating efficiencies. We have grown our workforce considerably to support the growth, creating new jobs in Australia and Asia. Overall this has bolstered the returns we have delivered to our shareholders.

BioCeuticals sales grew 25%, with strong growth in the practitioner-only range. This performance, combined with successful new product launches and a close management of the cost base, delivered EBIT growth of 9% on the prior year. This EBIT result includes the payment of incentives and profit share to BioCeuticals employees following their adoption of the Blackmores Enterprise Agreement. Excluding this, underlying BioCeuticals EBIT is up 28%. BioCeuticals represents approximately 10% of Group revenue.

Blackmores New Zealand, Global Therapeutics and Blackmores' proportion of our Nutritional Foods partnership with Bega are reported as part of the 'Other' segment. These businesses have contributed $23 million in sales, up from $15 million the prior year.

Group Financial Position

Total current assets increased by $107 million to $295 million, 57% up on the prior year. This reflects an increase in working capital commensurate with growth in the business with inventory increasing by $78 million to $116 million largely due to higher inventory levels to meet consumer demand.

Current liabilities have increased from $115 million to $192 million reflecting both the increased inventory purchases, higher employee incentives and increased income tax obligations.

Non-current liabilities have increased from $45 million to $61 million largely due to an increase in interest-bearing liabilities. Net debt remains low at $18 million but has increased marginally from the $7 million reported in the prior year. This increase includes $23 million of debt funding required to acquire Global Therapeutics.

The business has continued to generate strong net operating cash flows at $83.7 million, 18% growth over the prior period.

This was due to a strong trading performance, improved treasury capability offset by direct purchasing of raw materials to secure quality ingredients.

The cash conversion ratio of 81% reflected a continued focus on operational effectiveness initiatives whilst the company built inventory levels, invested in packaging robotics and acquired Global Therapeutics.

The Group gearing ratio at 9.1% remained low (2015: 5.1%) and net interest cover at 80.2 times (2015: 21.1 times) provides significant cover within our existing banking covenants even after the acquisition of Global Therapeutics.

Equity increased from $133 million to $181 million, a $48 million increase due to growth in Group NPAT, reserves, retained earnings and our interest in PT Kalbe Blackmores Nutrition, our Indonesian joint venture.

Group NPAT was $100.0 million (2015: $46.6 million) a 115% increase on the prior year and similarly Basic earnings per share (EPS) increased from 270.7 cents per share to 580.6 cents per share, an increase of 114.5%.

Our focus on delivery of shareholder returns has resulted in industry leading return on assets at 39.9% and return on equity of 56.1% and highlights a continued trajectory of year on year improvement.

Group Operational Review

In the prior year, Blackmores was constrained by an inability to maintain stock to meet the rapidly growing demand for our products from consumers in Asia. A number of initiatives, from investing in the company's capacity programs through to putting in additional partnership arrangements with suppliers and customers, have been executed in the year.

We are also holding inventory of scarce raw materials to give us access in a growing market to mitigate against the vulnerability of having core product lines out of stock.

Total expenses for the year were $454 million representing a 43% increase over the prior year. Total sales growth of 52% was the primary contributor with sales-related expenses of raw materials and freight up 46% to $225 million. The remaining expenses increased by $66 million to $229 million included employee performance related incentives which were $16 million greater than the prior year.

Operational Highlights

Unprecedented consumer demand for products has continued.

To protect our unrivalled quality standards and build capacity, the Group has:

- Increased staff and shifts at the Blackmores Campus packaging facility.

- Audited and secured more quality approved suppliers.

- Completed extensive quality audits of new suppliers.

- Doubled warehouse footprint including new leased facilities at Eastern Creek in Western Sydney.

- Invested in new plant equipment including quadruple head counters, increasing packing speed from 4,000 tablets per minute to 13,000 tablets per minute.

- Installed four new robotic packing cell.

Resulting in Record Outputs

In the past 12 months, the Group produced 486 million tablets and capsules and shipped 43 million units which we delivered to more than 25,000 retail partners.

To view the full Annual Report, please visit:
http://abnnewswire.net/lnk/XP74VQ91

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

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

]]>
newsroom@abnnewswire.net
<![CDATA[ Fairmont Equities Stock Tips August 15 - MTR REA BKL ANZ ]]> en84463 Y https://www.abnnewswire.net/press/en/84463/ Mon, 15 Aug 2016 13:12:19 GMT Michael Gable Managing Director and founder of Fairmont Equities brings the latest stock tips for August 15, 2016. Featured stocks include Mantra Group, REA Group, Blackmores Limited and Australia & New Zealand Banking Group.

Mantra Group Ltd (ASX:MTR)

- Finding good support here and buy signals now getting triggered.

- Consensus target at $4.

- The company will report this Friday.

REA Group Limited (ASX:REA)

- Full year results see the stock tumble as expected.

- Expect sideways action for at least a few months.

Blackmores Limited (ASX:BKL)

- Buy signal now received on the MACD.

- Short term resistance now breached. Expect the stock to move higher from here.

Australia and New Zealand Banking Group (ASX:ANZ)

- After underperforming earlier this year, ANZ now showing the most promise.

- Key resistance now breached. Expect ANZ to see further buying from here.

To view the video, please visit:
http://www.abnnewswire.net/press/en/84463/Fairmont

Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities Pty Ltd is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168).

The information contained in this presentation is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This presentation should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance.

No person, persons or organisation should invest monies or take action on the reliance of the material contained in this presentation, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the presentation.

- Charts courtesy of AmiBroker unless stated otherwise.

Fairmont Equities
Phone: +612-9375-0138
Email: mail@fairmontequities.com
Twitter: @FairmontEquAU
www.fairmontequities.com

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newsroom@abnnewswire.net
<![CDATA[ Fairmont Equities Stock Tips July 18 - MND WSA AHG BKL ]]> en84195 Y https://www.abnnewswire.net/press/en/84195/ Mon, 18 July 2016 14:45:51 GMT Michael Gable Managing Director and founder of Fairmont Equities brings the latest stock tips for July 18, 2016. Featured stocks include Monadelphous Group, Western Areas, Automotive Holdings Group and Blackmores.

Monadelphous Group Limited (ASX:MND)

- Higher risk trade. The sector is risky and the stock is expensive
- Breaking through an ascending triangle

Western Areas (ASX:WSA)

- Higher risk trade. Stock appears expensive
- Rallying on the back of increasing Nickel prices
- Big volume as it breaks a 2 year downtrend

Automotive Holdings Group Limited (ASX:AHG)

- Confirming the breakout on good volume
- Up 11% from a week ago
- Traders to consider short term profit taking

Blackmores Limited (ASX:BKL)

- Consensus broker targets at $189
- Bullish price action last week
- Watch the MACD crossing on the weekly chart

To view the video, please visit:
http://www.abnnewswire.net/press/en/84195/Fairmont


Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities Pty Ltd is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168).

The information contained in this presentation is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This presentation should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance.

No person, persons or organisation should invest monies or take action on the reliance of the material contained in this presentation, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the presentation.

- Charts courtesy of AmiBroker unless stated otherwise.

Michael Gable
www.fairmontequities.com.au

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Shareholder Briefing ]]> en83525 Y https://www.abnnewswire.net/press/en/83525/ Fri, 6 May 2016 10:18:55 GMT Blackmores Limited (ASX:BKL) Shareholder Briefing including Blackmores' Asia Market Strategy.

CHINA IN BLACKMORES ASIA STRATEGY

- China has emerged as Blackmores' single most important overseas market

- We are well established to capture significantly more growth and have first mover advantage in a number of key areas

- We need to invest to build and cement our brand position in the market

- Regulatory change is a reality of the China business landscape. We are well prepared to evolve with the constant regulatory change

- The cross-border e-commerce market is undergoing constant rapid evolution and we have a unique understanding of new opportunities in the China ecommerce space

- We are further building our structure, staff capabilities, operations, supply chain and governance to support a strong sustainable presence for Blackmores in China

To view the full Shareholder briefing, please visit:
http://abnnewswire.net/lnk/N7P8HEGQ

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[ FINANCE VIDEO: Blackmores Ltd (ASX:BKL) CEO Christine Holgate and Paul Keogh Share Insights into the New Acquisition ]]> en83519 Y https://www.abnnewswire.net/press/en/83519/ Fri, 6 May 2016 08:18:43 GMT Following a strong year to date performance delivering sales and profit growth from all areas of the business, Blackmores Ltd (ASX:BKL) has announced their acquisition of Global Therapeutics, Australia's leading Chinese herbal medicine company.

Blackmores CEO, Christine Holgate and Global Therapeutics Founder, Paul Keogh, talk about the strong strategic and cultural alignment between these two Australian businesses.

Today Blackmores announced the acquisition of Global Therapeutics Pty Ltd (Global Therapeutics), Australia's leading provider of retail Chinese herbal medicine formulations through the brands Fusion(R) and Oriental Botanicals(R).

Blackmores will acquire 100% of Global Therapeutics for A$23 million subject to customary adjustments. The acquisition will be debt-funded and is expected to be earnings accretive in the first full year under Blackmores ownership.

In the last 12 months Global Therapeutics delivered $20 million in invoiced sales and $3.0 million earnings before income tax, depreciation and amortisation.

Global Therapeutics was established in Byron Bay in 1999 as Fusion(R) Health by naturopath and medical herbalist Paul Keogh and natural health industry veteran Geoff Teasel. The product range is based on the combination of incorporating herbal extracts used in China for more than 2,000 years with those validated by modern science. The Fusion(R) range has a leading position in health food stores, while its sister range, Oriental Botanicals(R), is the leading brand in this category in pharmacy.

The acquisition of the two highly respected brand names, full product portfolio and more than 40 staff will further cement Blackmores' position as the number one provider of natural health products in Australia while also giving the company a leadership position in the health food store channel.

"The acquisition of Global Therapeutics affirms Blackmores' position as the leading natural health company in Australia and gives us a foothold in the rapidly growing Chinese herbal medicine market," said Blackmores Chief Executive Officer, Christine Holgate. "The Blackmores Group now has leading brands in pharmacy, health food stores and the practitioner market."

"Through its leading brands Fusion(R) and Oriental Botanicals(R) Global Therapeutics has established an enviable position in the health food store and pharmacy channels highlighting the growing acceptance of Chinese herbal medical treatments in Australia," she said. "They have a strong reputation for innovation and a growing product range."

"In the future, Global Therapeutics will also provide us a new product portfolio to sell through our existing distribution networks in Asia while also deepening our understanding of Chinese herbal medicine," she said. "It will bring us closer to our Chinese consumers in Australia which will underpin our growth success internationally, and it will give us further scale to boost our operational effectiveness."

With over 4,700 registered traditional Chinese medicine practitioners in Australia, as well as the growing use of Chinese herbs in self-selection channels, Blackmores sees considerable opportunity in this $170 billion global market.

"The acquisition furthers our strategy of product leadership and channel diversity within the category we operate," she said.

To view the video interview, please visit:
http://www.abnnewswire.net/press/en/83519/blackmores

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

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

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Analysts Briefing ]]> en83439 Y https://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

]]>
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 https://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

]]>
newsroom@abnnewswire.net
<![CDATA[ Blackmores Limited (ASX:BKL) Analysts Briefing - Delivering Group Profit up 160% ]]> en82811 Y https://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 https://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 https://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 https://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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<![CDATA[ Beston Global Food Company Ltd (ASX:BFC) Establishes Joint Venture Company with Hong Kong Based Sunwah Group ]]> en82044 Y https://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 https://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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