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Bega Cheese Acquires Lion Dairy & Drinks and Launches Underwritten Capital Raising

Bega Cheese Limited (“Bega Cheese”, “BGA”) is pleased to announce that it has entered into a binding Share Sale and Purchase Agreement to acquire all of the shares in Lion Dairy & Drinks (“LD&D”, “Company”) for a net acquisition price of $534 million1 (“Acquisition”). Completion of the Acquisition is anticipated to occur at the end […]

Bega Cheese Limited 1H FY2020 Result

Bega Cheese Limited (ASX:BGA) (Group) today announced its interim financial results for the half year ended 29 December 2019. Restatement Disclosure In the course of preparing its Consolidated 2020 Interim Report for the Half-Year ended 29 December 2019, errors were identified that are further detailed in a separate announcement regarding the restatement of the FY2019 […]

FY2019 Financial Results

COMMITMENT TO OUR INVESTMENT STRATEGY FOR THE FUTURE DELIVERS RECORDS IN MILK INTAKE, PRODUCTION, REVENUE AND UNDERLYING PROFIT Bega Cheese Limited FY2019 Report Bega Cheese Limited (ASX: BGA) announced its full year audited results for the financial year ended 30 June 2019. Result announcement: Record Underlying Financial Performance – Normalised EBITDA $115.4 million, up 5% […]

FY2018 Financial Results Creating a Great Australian Food Company

Bega Cheese continues to grow and build a great Australian dairy and food company. Another year of growth and acquisition combined with sound financial performance sees Bega Cheese creating a significant position as an Australian dairy and food company servicing customers at home and in more than 40 countries around the world. The financial performance […]

VEGEMITE ANNOUNCE NEW CREATIVE AGENCY

Monday 5th March 2018: Today, Vegemite announces a new partnership with creative agency, Thinkerbell – marking the end of one the longest standing agency partnerships within the FMCG world. Headquartered in Melbourne, Thinkerbell, who will take over from the incumbent JWT (J. Walter Thompson), is set to challenge the creative minds behind the Vegemite and […]

1H FY2018 Results

A solid 1H FY2018 result has Bega Cheese well positioned to take advantage of growth opportunities in both the dairy and foods businesses. Bega announced statutory EBITDA growth of 46% to $51.7 million and profit after tax growth of 31% to $20.6 million. The normalised performance of the business was also stronger with an EBITDA […]

Bega. Now famous for peanut butter!

Australian-owned, Bega Cheese Limited has taken the reins of Australia’s favourite Peanut Butter, keeping it on home soil following the recent acquisition of the former Kraft Peanut Butter factory. Consumers will now see the slightly ‘refreshed’ packaging on the shelves of Australian supermarkets. Despite the label change, Bega assures Australians that the Peanut Butter they […]

An Historic Year for Bega Cheese

Business stability and strategic capability were the highlights of Bega Cheese’s FY2017 results announcement. Corporate activity drove a record statutory profit after tax of $139 million for the company. While Executive Chairman Barry Irvin was pleased to discuss the significant corporate success for the company in FY2017 which included the acquisition of Mondelez’s Australian grocery […]

Bega Stable in Volatile Times

Bega Stable in Volatile Times Bega Cheese Limited (Bega Cheese) has announced an increase in first half profit after tax of 8.2% to $15.7 million. This result is after a $7.1 million pre-tax inventory impairment for stock in the Bemore partnership. Bega Cheese profit after tax after normalising for the inventory impairment is $20.7 million […]

FY2016 Results Continued Growth for Bega Cheese

FY2016 Results Continued Growth for Bega Cheese Bega Cheese’s FY2016 results announcement today has demonstrated the strength of its long term strategy, the experience and capability of the leadership team and the values and resilience of the company. In a year of market oversupply and strong competitor activity Bega Cheese has grown revenue by 7.5% […]

1H FY2016 Results

ASX ANNOUNCEMENT & MEDIA RELEASE Executive Chairman Commentary 1H FY2016 Results Bega Cheese has announced a normalised 9.9% increase in profit after tax and an EBITDA of $32.9 million, a strong performance in the context of low global dairy commodity prices, significant increase in global dairy production and continuing sanctions in Russia affecting global supply […]

FY2015 Full Year Result

FY2015 Financial Result Announcement Bega Cheese Limited today announced a normalised earnings before interest, tax, depreciation and amortisation (EBITDA) of $55.7 million and a normalised profit after tax (PAT) of $22.0 million, in line with previous guidance issued to the market on 19 May 2015. The normalised result excludes the impact of the Milk Sustainability […]

1H FY2015 Results Announcement

Strategy on Track – Short Term Challenges Bega Cheese Limited remains very positive about the outlook for dairy and for the Bega Cheese Limited business in particular, despite short term challenges in 1HFY15. While the first half normalised EBITDA of $31.3 million was lower than the previous year, the success of the strategic initiatives of […]

Free Trade Agreement with China

Bega Cheese welcomes signing of Free Trade Agreement with China It has been an important 3 days for Australian agriculture. There has been the outcome over the weekend of the G20 Summit setting goals for global economic growth, the recognition of the importance of environmental sustainability for Australian agriculture and that global economic growth and […]

Bega Cheese Anzac Centenary Project

“Collecting Stories from the Great War” – Bega Cheese Anzac Centenary Project Last January Bega Cheese announced a partnership with Bega Valley Historical Society and the Bega Valley Shire Library in a project to commemorate the centenary of the Anzac and World War I. The project, “Collecting Stories from the Great War”, collected and published […]

Bega Branded UHT Milk for China

Bega Branded UHT Milk for China As part of the continuing international development of Bega Cheese Limited (Bega), the company today signed a supply and distribution agreement with one of China’s leading retail groups, Chongqing General Trading Group (CGTG) whereby Bega will supply CGTG with Bega branded UHT milk produced in Australia for distribution in […]

Special Recognition for Bega Cheese Staff

Special Recognition for Bega Cheese Staff Brett Dunham, Formulation Controller – Processing & Packaging & Beth Alderuccio, Quality Support Officer were awarded with their Diploma in Food Science and Technology with special recognitions at a ceremony in Melbourne last week. Brett Dunham has been employed with Bega Cheese for 9 years. Brett commenced his career […]

$25 million investment in dairy farmers – West Vic

$25 million investment in dairy farmers – Bega Cheese announces Australia’s largest processor of packaged cheese and parent company of Tatura Milk Industries – Bega Cheese has announced its plans to invest $25 million over the next three years into sustainability and milk growth programs for its farmer suppliers. The initiative is designed to encourage […]

$25 million investment in dairy farmers – Northern Vic

$25 million investment in dairy farmers – Bega Cheese announces Australia’s largest processor of packaged cheese and parent company of Tatura Milk Industries – Bega Cheese has announced its plans to invest $25 million over the next three years into sustainability and milk growth programs for its farmer suppliers. The initiative is designed to encourage […]

$25 million investment in dairy farmers – Gippsland

$25 million investment in dairy farmers – Bega Cheese announces Australia’s largest processor of packaged cheese and parent company of Tatura Milk Industries – Bega Cheese has announced its plans to invest $25 million over the next three years into sustainability and milk growth programs for its farmer suppliers. The initiative is designed to encourage […]

Merger would put BCL and WCB on World Stage

Merger would put Bega Cheese and Warrnambool Cheese and Butter on World Stage Bega Cheese Limited (“Bega Cheese”) has announced a much anticipated takeover offer for Warrnambool Cheese and Butter Factory Company Holdings Limited (“WCB”). Bega Cheese already owns 18% of WCB. Highlights of the Offer are: 1.2 Bega Cheese shares and $2.00 cash for […]

Bega Cheese/Coles Announcement

ASX Announcement Bega Cheese Secures Landmark Cheese Deal with Coles Bega Cheese announces that it has reached agreement in principle with Coles to supply the entire range of Coles branded cheese products. This will involve Bega Cheese manufacturing and packaging natural cheddar, processed cheddar and mozzarella cheese products for Coles under a five year contract, […]

A Most Outstanding Apprentice

A Most Outstanding Apprentice Bega Cheese is thrilled at the recognition received by one of its staff members at a ceremony in Canberra last week.  At the Canberra Institute of Technology Awards held in Canberra on 12th May 2011, Bega Cheese’s 3rd Year Apprentice, Nicholas Brown was presented with the Most Outstanding Apprentice Award (Stage 2) […]

Industry Accolades for Bega Cheese

Industry Accolades for Bega Cheese The Dairy Industry Association of Australia’s Awards of Excellence is an annual celebration of the best in Australian Dairy Products.  Held this year at the historic Melbourne Plaza Ballroom both Bega cheese and Bega’s subsidiary Tatura Milk Industries were well represented and awarded a clutch of awards and highly sought after […]

World Tobacco Day

World No Tobacco Day – 31 May 2011 Bega Cheese supports employees to go “Smoke Free”. As part of its overall OH&S programs and initiatives, Bega Cheese is undertaking a smoking cessation program for its employees.  Sharon James, Health and Wellbeing Co‐ordinator at Bega Cheese, says “Such a program benefits the employees and their families health […]