Bega Cheese Sees 'Step-Change' in Earnings by Fiscal 2027, Cuts Jobs

MT Newswires Live

10/27

Bega Cheese (ASX:BGA) expects a "step-change" in earnings by fiscal 2027, and it is on track to beat its earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of AU$250 million by fiscal 2028, according to a Monday filing with the Australian bourse.

The cheesemaker said it reduced its workforce by roughly 450 roles as part of the changes.

Fiscal 2026 normalized EBITDA is expected to range from AU$215 million to AU$220 million, up from the actual result of AU$202 million last year.

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