Full Year 2019 Freedom Foods Group Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Freedom Foods Group Limited 2019 Full Year Results. (Operator Instructions)
I would now like to hand the conference over to Mr. Rory Macleod, Managing Director and CEO. Please go ahead.
Good morning, everyone. Thank you for joining us this morning for the overview of the Freedom Foods Group Full Year 2019 Results. Overall, we're pleased to present what was certainly a positive year for the company's development. An environment of significant capital expenditure, and to some extent, significant disruption to some of our operations, particularly at Shepparton. But having said that, some good results coming out, notwithstanding it, including a significant increase in our net sales of 35% to $476 million, which is an increase of $123 million on the prior year.
Our operating EBITDA increased 40% to $55 million, an increase of $16 million and reflected an increase in our operating EBITDA margins from the lower end of 11%
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