Bega Cheese Ltd (ASX:BGA)
A$ 5.22 0.03 (0.58%) Market Cap: 1.59 Bil Enterprise Value: 1.94 Bil PE Ratio: 52.42 PB Ratio: 1.56 GF Score: 74/100

Full Year 2023 Bega Cheese Ltd Earnings Call Transcript

Aug 24, 2023 / 01:00AM GMT
Release Date Price: A$3.23 (+1.25%)
Operator

Thank you for standing by, and welcome to the Bega Group Full Year 2023 Results Conference. (Operator Instructions)

I would now like to hand the conference over to Mr. Barry Irvin, Executive Chairman. Please go ahead.

Barry Irvin
Bega Cheese Limited - Executive Chairman

Thank you, and welcome, everybody. Very pleased to be with you for this FY '23 results presentation. And I think it is fair to say this year can be described in many ways, but I think dynamic may well be the most appropriate. We began the year with a rapidly rising global commodity prices, which are -- we saw farm gate milk prices go to record high levels in the midst of -- coming out of the impact of COVID and having rapidly rising inflation in many other parts of the business.

Of course, that soar has happened to be very agile around how we might face into those challenges. I'm pleased to report that I think we've managed those significant variations, which are actually included, and then a rapid decline in commodity prices in the second half of the year very well. And I

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