Fonterra Raises Earnings Forecast Amidst Global Price Surge
Fonterra Raises Earnings Forecast Amidst Global Price Surge
Fonterra (ASX:FSF), the world's largest producer and exporter of dairy products, has increased its earnings forecast and expected payments to New Zealand farmer customers in response to rising global prices.
全球最大的乳製品生產商和出口商恒天然（澳大利亞證券交易所股票代碼：FSF）提高了其收益預期，並提高了對新西蘭農民客戶的預期付款，以應對全球價格上漲。
Fonterra reported an 85% increase in profit after tax compared to the previous year, reaching NZ$392 million, and a 63% rise in earnings before interest and tax (EBIT) to NZ$575 million.
恒天然報告稱，稅後利潤與上年相比增長了85％，達到3.92億新西蘭元，息稅前收益（EBIT）增長了63％，達到5.75億新西蘭元。
The company announced that the forecast Farmgate Milk Price midpoint for the 2023/24 season has risen by 25 NZ cents to NZ$7.50 per kg milk solids (kgMS). The forecast range for 2023-24 has also narrowed to $US7.00-$US8.00 per kgMS from NZ$6.50 to NZ$8 per kgMS.
該公司宣佈，預測的2023/24季度Farmgate牛奶價格中點已上漲25新西蘭元，至每千克固體牛奶（KGM）7.50新西蘭元。2023-24年的預測區間也已從每千克6.50新西蘭元縮小至每千克7.00美元至8新西蘭元。
Fonterra CEO Miles Hurrell attributed the revised forecast to increased demand for reference commodity products in key importing regions, particularly China, during the first quarter. Hurrell mentioned that higher Global Dairy Trade prices and well-contracted sales support their confidence in raising the forecast Farmgate Milk Price.
恒天然首席執行官邁爾斯·赫雷爾將修訂後的預測歸因於第一季度主要進口地區，尤其是中國對參考大宗商品的需求增加。赫雷爾提到，全球乳製品貿易價格上漲和銷售合同良好，支持了他們對提高預測的Farmgate牛奶價格的信心。
However, Hurrell cautioned that it is still early in the year, with the potential for further volatility in commodity prices, and the company will closely monitor market dynamics and provide updates as needed.
但是，赫雷爾警告說，現在仍處於年初，大宗商品價格有可能進一步波動，該公司將密切關注市場動態，並根據需要提供最新消息。
The strong earnings growth for the first quarter was attributed to improved performance in all three of Fonterra's sales channels. These earnings exclude the performance and impact of selling DPA Brazil.
第一季度的強勁收益增長歸因於恒天然所有三個銷售渠道的業績改善。這些收益不包括出售DPA Brazil的表現和影響。
Hurrell noted that higher margins in the Co-op's Ingredients, Foodservice, and Consumer channels contributed to the earnings boost, with the gross margin increasing from 15.5% to 21.4% compared to the previous year. He also mentioned that the Co-op allocated more milk to the higher-returning Foodservice and Consumer channels.
赫雷爾指出，合作社原料、餐飲服務和消費者渠道的利潤率提高推動了收益的增長，與去年相比，毛利率從15.5％增加到21.4％。他還提到，合作社向回報率較高的餐飲服務和消費者渠道分配了更多的牛奶。
Looking ahead, Fonterra expects these higher margins to persist in the first half of the year but anticipates a tightening of margins across all three sales channels in the second half due to higher input costs and narrowing price gaps between reference and non-reference products. As a result, the company has increased its forecast earnings guidance to 50-65 cents per share and is on track for a strong interim dividend.
展望未來，恒天然預計，這些更高的利潤率將在上半年持續下去，但由於投入成本上漲以及參考產品和非參考產品之間的價格差距縮小，預計下半年所有三個銷售渠道的利潤率都將收緊。因此，該公司已將其預期收益預期提高至每股50-65美分，並有望獲得強勁的中期股息。
譯文內容由第三人軟體翻譯。