2213 GMT - Bega Cheese's decision to consolidate its Strathmerton cheese processing and packaging operations into its existing site in Bega could help it to beat a big earnings goal, suggests Barrenjoey. Bega says the move will generate some A$30 million of annual cost savings. The company aims to have at least A$250 million of Ebitda by FY 2028. "It is our view that this project both de-risks and drives upside to this target," analyst Josh Kannourakis says. Barrenjoey now expects Bega to generate A$246 million and A$265 million of Ebitda in FY 2027 and FY 2028, respectively. That's up from its prior forecast of A$238 million and A$260 million. Barrenjoey rates Bega at overweight. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 06, 2025 18:13 ET (22:13 GMT)
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